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Greenberg is not likely to escape tough questions. It was Greenberg, after all, who supervised Joseph Cassano, chief of AIG's Financial Products (FP) unit, whose sales of uncollateralized credit-default swaps brought down the company. Representative Peter Welch, a Vermont Democrat and committee member, blamed Greenberg for "allowing a culture to develop that completely contradicted the insurance-company ethic of limiting risk." Greenberg, Welch said, is trying to redeem his reputation on the grounds that "he was out the door before the roof fell...

Author: /time Magazine | Title: Washington Looks to AIG's Greenberg for Help | 4/2/2009 | See Source »

...Joseph A. Poirier ā€™11, the General Manager for WHRB, says, ā€œIā€™m pretty sure we are the first college radio station to do this and only the second or third Boston station to do it.ā€ So Harvard...

Author: By Aditi Balakrishna | Title: WHRB Launches New iPhone App | 3/30/2009 | See Source »

...Given the mix of altruistic and self-serving motives, it's not surprising Sarkozy's trip is inspiring as equal measures of hope and suspicion. The French president kicked off his three-nation swing through the Great Lakes region in Kinshasa, where he praised President Joseph Kabila for reaching agreement in January with leaders of neighboring Rwanda to launch joint military operations against militia groups fighting both regimes from strongholds in eastern Congo. The result, Sarkozy noted, has been an a halt to the massacres that have forced tens of thousands of civilians to flee the area. (See pictures...

Author: /time Magazine | Title: Behind President Sarkozy's Africa Trip | 3/27/2009 | See Source »

...huge majority of legislators, the push to deny the French politician his moment as president now looks a virtual certainty. "Mr Le Pen's negationist remarks, reiterated once again in the European Parliament, disqualify him from chairing the inaugural session of our institution for even a second," said Joseph Daul, the French leader of the Christian Democrats in the parliament. "In this symbol of the reconciliation of European people, it would be an extremely bad signal for our citizens and the world," agreed Martin Schultz, leader of Socialist Euro MPs. "As a German, I have a duty to fight this...

Author: /time Magazine | Title: Will Le Pen Get European Ceremonial Post? | 3/27/2009 | See Source »

...unlike him, we will be chastened and begin behaving more wisely. For years, enthusiasts for unfettered capitalism have insisted that the withering away of enterprises and entire industries is a healthy and necessary part of a vibrant, self-correcting economic system; now, more than at any time since Joseph Schumpeter popularized the idea of creative destruction in 1942, we must endure the shocking and awesome pain of that metamorphosis. After decades of talking the talk, now we're all obliged to walk the walk...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

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