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...dispensation from the governor of New York, the state that regulates it, to tap $20 billion in capital from its subsidiaries. Then it paid a visit to the Federal Reserve Bank of New York, where President Tim Geithner turned down its loan request but, according to the Wall Street Journal, asked Goldman Sachs and Lehman Bros. to organize a $70-billion to $75-billion rescue loan. There's no word yet on whether they'll actually do it, which means AIG's woes are likely to ripple through the market for some time...
...analysis of his legacy both as an advocate and as a human being. There is no doubt that Solzhenitsyn’s novels played a dramatic role in disabusing the left of its residual romanticism for the Bolsheviks. But as Theodore Dalrymple observed in a recent article for City Journal, the information Solzhenitzyn spotlighted was already widely available to the public. Leftist intellectuals and Stalin apologists simply refused to believe it. Solzhenitsyn’s real accomplishment was “to render such illusion about the Soviet Union impossible, even for its most die-hard defenders: he made illusion...
...biology for many years—to be able to produce customized disease-specific lines for different patients,” said George Q. Daley, a member of the executive committee of HSCI and the senior author of the paper, which was published on the Web site of the journal Cell...
...findings, published in late August on the Web site of the British journal Nature, have implications for finding a new treatment or cure for diabetes...
Those economics are very different from the ones now governing the major studios, including Warner Bros. Pictures, which made $67 million off the domestic box office of Heat. (TIME and Warner Bros. are both subsidiaries of Time Warner). Warner Bros. Pictures Group President Jeff Robinov told the Wall Street Journal recently that the studio is "focusing on bigger films that require a bigger commitment." Translation: they're making fewer under-$50 million movies starring men with Oscars and more over-$200 million movies starring men with capes. This summer Warners closed its specialty divisions that handle smaller-budget films, Picturehouse...