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...fresh idea comes from Eric Dinallo, the New York state insurance superintendent, who in a March 3 Wall Street Journal op-ed suggested that insurance commissioners mediate the ratings process, since insurers are among the largest buyers of rated bonds. Regulators would collect a fee from insurance outfits and then use the money to buy ratings for everyone to use. If the ratings proved too rosy over time - or inaccurate in another way - regulators would switch to a different ratings company...

Author: /time Magazine | Title: How to Fix the Credit-Ratings Agencies | 3/23/2009 | See Source »

...data for one of the largest analyses of meat consumption and mortality to date were first gathered for the National Institutes of Health and AARP Diet and Health Study in 1995. Researchers then tracked deaths for 10 years, until 2005, using the Social Security Administration Death Master File and the National Death Index, controlling for factors such as age, race, education, body-mass index and alcohol intake. (See pictures of a perfect steak instead of eating...

Author: /time Magazine | Title: The Growing Case Against Red Meat | 3/23/2009 | See Source »

...coincidence that these bitter arguments come as France is seeing its wine output and sales fall. Italy has now replaced France as the world's largest wine producer. France's 2008 production level was about 1.17 billion gallons (4.44 billion liters), down by a quarter compared with 2005 output. Meanwhile, consumers continue to lap up New World wines...

Author: /time Magazine | Title: War of the Rosé: French Winemakers vs. the E.U. | 3/21/2009 | See Source »

...bonuses for top executives at Citi are particularly surprising because the company is typically seen as the most in danger of failing among the nation's largest banks. Citi has received more government assistance than any other bank: $45 billion in cash infusions and over $300 billion in loan guarantees since late October. By comparison, none of Bank of America's top five executives will receive a cash bonus...

Author: /time Magazine | Title: Citigroup Plans Big Bonuses Despite Rules Against Them | 3/20/2009 | See Source »

After surpassing Germany to become the world's third-largest economy behind the U.S. and Japan, hosting a successful Olympic Games and conducting its first space walk, you'd think China would be happy. Even the devastating Sichuan earthquake in May 2008 had positive aspects-Chinese volunteered en masse to help their stricken countrymen. (See pictures of China's Sichuan quake: six months later...

Author: /time Magazine | Title: A New Book Reveals Why China Is Unhappy | 3/20/2009 | See Source »

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