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...pointed out in its own analysis, "The extent and interconnectedness of AIG's business is far-reaching and encompasses customers across the globe ranging from governmental agencies, corporations and consumers to counterparties. A failure of AIG could create a chain reaction of enormous proportion." Among other effects, it could lead to mass redemptions of insurance policies, which would theoretically destabilize the industry; the withdrawal of $12 billion to $15 billion in U.S. consumer lending in a credit-short universe; and even damage airframe maker Boeing and jet-engine maker GE, since AIG's aircraft-leasing unit buys more jets than...

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

...case of the prostate, things are less clear. Many cases of prostate cancer are very slow-growing, so slow that, depending on a man's age and overall health, he may die of something else before the cancer can ever hurt him. Meanwhile, aggressive treatments, particularly surgery, can lead to impotence or incontinence or both - a high price to pay for a disease that was not going to trouble you much...

Author: /time Magazine | Title: Prostate Exams: When Are They Necessary? | 3/19/2009 | See Source »

...There are men who have the side effects of treatment who would never have died or suffered those ill effects," says lead author Dr. Chris Berg...

Author: /time Magazine | Title: Prostate Exams: When Are They Necessary? | 3/19/2009 | See Source »

...slightly less exacting proposal may be formulated. Senate Finance Committee chairman Max Baucus is looking at "principles" on how his committee should proceed, and all indications are that he will take the lead on crafting legislation. Reid announced that Baucus "will propose legislation - this will be in the next 24 hours - to give this money back to the taxpayers by subjecting the bonuses to severe tax penalties, more than...

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

...Times reported that its website had been inexplicably blocked, while earlier in the year the BBC's English language content was just as surprisingly unblocked, with visitors on Chinese computers quickly jumping from about 100 to 16,000. James Fallows of the Atlantic writes that such "selective enforcement" can lead to the most stifling restriction of all - self-censorship: "The idea is that if you're never quite sure when, why and how hard the boom might be lowered on you, you start controlling yourself, rather than being limited strictly by what the government is able to control directly...

Author: /time Magazine | Title: Chinese Internet Censorship | 3/18/2009 | See Source »

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