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...Under the terms of the University’s employment plan, McGahey began receiving long-term benefits after six months of disability since she was unable to perform her normal job duties. These benefits continued for 18 months. In March 2006, the University wrote to McGahey to inform her that she was no longer eligible to receive benefits under the disability plan after June. Though her current condition prevented her from resuming her former post, the letter explained, there were other jobs available that she could hold in her condition. The complaint contends that McGahey’s condition prohibits...

Author: By Jamison A. Hill, CRIMSON STAFF WRITER | Title: HUDS Employee Sues Over Benefits | 3/19/2008 | See Source »

...Prakash Shimpi, managing principal at Towers Perrin, downplays this risk, noting that contractual law requires both parties to inform and get approval from the other before selling the CDS policy to someone else. "These transactions don't take place on a handshake," he said. Still, being unregulated, there is no standard contract, no standard capital requirements, and no standard way of valuating securities in these transactions. As a result, Pincus said she wouldn't be surprised to see a surge in litigation as defaults start happening. "There's a lot of outcry right now for more regulation and more transparency...

Author: /time Magazine | Title: Credit Default Swaps: The Next Crisis? | 3/17/2008 | See Source »

...with Fillon and other leading conservatives adamant their municipal setback would not affect the mandate for sweeping reform got from voters just 10 months ago, some pundits accused the right of being intentionally autistic in ignoring Sunday's outcome. "Monsieur le Président, someone has to inform you: you lost these municipal elections, and badly," wrote Laurent Joffrin, editor-in-chief of the leftist daily Libération in his Monday editorial. "With a Soviet-grade excess of hypocrisy, your accomplices, spokespeople, and your Prime Minister have maintained the contrary, [but] this first vote held just 10 months after...

Author: /time Magazine | Title: Sarkozy's Party Lags in Elections | 3/17/2008 | See Source »

...whether they would get the flu," says Ho, "But they worried more about their relations. ... How can I protect my wife? My kids?" He says that to help alleviate the kind of mass insecurity that recurs in Hong Kong during bad flu seasons like this one, doctors need to inform people not only of the true risks they face, but also what they can do to control them...

Author: /time Magazine | Title: The Hong Kong Flu Scare of '08 | 3/14/2008 | See Source »

...Still, it's difficult to believe that the crack former prosecutor would allow himself to get caught up in the routine IRS investigation that led to the exposure of the prostitution ring. As Spitzer knows better than most, banks must inform the government of suspicious transactions like unusually large or frequent cash withdrawals and requests to break down money transfers into small amounts. (Spitzer appears to have used both methods to pay for prostitutes.) Investigators are particularly watchful when a public official is behind such transactions - something Spitzer also would have known. During a lunch with TIME staffers...

Author: /time Magazine | Title: Was Spitzer Destined to Fall? | 3/13/2008 | See Source »

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