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...been practice for working in a medium in which everything is interesting and nothing is durable. Educated at Cambridge University, she launched herself in the U.S. on the back of a book about Maria Callas (her third of 12) and a few key friends. Pretty soon, almost virally, she knew everybody, was marrying an oil millionaire (with Barbara Walters for a bridesmaid) and stumping for the Republicans. Almost as fast, she was divorcing said millionaire, who turned out to be bisexual, and becoming a Democratic champion. In 2003 she ran for governor of California but withdrew after it was revealed...

Author: /time Magazine | Title: Arianna Huffington: The Web's New Oracle | 3/19/2009 | See Source »

...with the existence of large retention bonuses for AIG employees in the Financial Products division is perplexing. On Jan. 27, Bloomberg News reported that AIG has offered "about $450 million in retention pay" to the AIG FP staff, a program that AIG confirmed. Representative Elijah Cummings, a Maryland Democrat, knew about the bonuses two weeks earlier, on Jan. 15, when he met with Liddy, and the Congressman never kept his displeasure secret. Nor was he alone in raising alarms. In January, Richard Shelby, the ranking Republican on the Senate Banking Committee, called the bonuses a "waste of taxpayer money...

Author: /time Magazine | Title: How AIG Became Too Big to Fail | 3/19/2009 | See Source »

...altogether surprising. People all over the world share similar reactions to stimuli; common evolutionary "physiological mechanisms" would explain why people, regardless of culture or belief, generally prefer "warm to cold, satiety to hunger, friends to enemies, winning to losing and so on." The authors write, "An alien who knew all the likes and dislikes of a single human being would know a great deal about the entire species...

Author: /time Magazine | Title: How to Predict What You'll Like? Ask a Stranger | 3/19/2009 | See Source »

...original version of this story failed to make clear that Senator Chris Dodd knew nothing about the AIG bonuses when the stimulus bill was being drafted...

Author: /time Magazine | Title: The AIG Bonuses: Getting Mad and Getting Even | 3/18/2009 | See Source »

...Islamic army of Iraq, a hard-line Sunni group loosely affiliated with al-Qaeda, are prevalent in many parts of west Mosul. Iraqi security forces have crossed out some of the writing on the wall, but it's proving harder to erase the insurgents and their support base. "I knew AQ [al-Qaeda] was a problem, but I didn't know to what extent," says Lieut. Colonel Thomas W. Cipolla, battalion commander of the 3rd Battalion, 8th Cavalry Regiment. Cipolla, who is on his third tour in Iraq, took command of his battalion in mid-February after his predecessor...

Author: /time Magazine | Title: In Mosul, Iraq's Insurgency Refuses to Be Tamed | 3/18/2009 | See Source »

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