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Seeing the cramped, windowless basement where Natascha Kampusch was locked up for 8½ years, it's almost impossible to believe that anyone could have survived the ordeal. Yet the Austrian kidnapping victim not only made it out of the dungeon where an engineer named Wolfgang Priklopil had imprisoned her as a child but also emerged a remarkably confident and self-assured young woman...
...become less of a place where distributors can find unknown works. Recent indie sensation Paranormal Activity, in fact, had its premiere at the Slamdance Film Festival, which was founded by four Sundance rejects in 1995 and takes place in Park City at the same time. Paranormal Activity was made for $11,000, was picked up by Paramount and made more than $123 million at the box office. (See the top 10 movie performances...
...past few months, a number of financial firms have instituted or beefed up rules that would allow them to force employees to return year-end bonuses. So-called clawbacks would be triggered by subsequently discovered misconduct and some firms say they may even apply in cases where employees made trades that looked profitable at first, but go sour. (See the financial crisis after one year...
...bailout has become one of the most enduring controversies from the financial crisis. On Wednesday, a congressional hearing again probed the moves and possible mistakes the government made when it rescued the insurer. At the center of the hearing, which was held by the House Committee on Oversight and Government Reform, were the payments that AIG made to banks that bought credit-default-swap (CDS) bond insurance from the firm. Members of the panel grilled Treasury Secretary Timothy Geithner, head of the Federal Reserve Bank of New York in late 2008, as to why he allowed...
...spent nearly six hours with Bernanke for TIME's Person of the Year story, and I asked versions of the "Now what?" question a dozen times. Bernanke always left wiggle room, but he made it clear that he basically intends to stay the course. After pouring unprecedented money into the financial system to try to revive the economy, he has no plans for additional monetary stimulus because he doubts it would create many jobs. He also made it clear that he's in no hurry to start pulling money out of the economy to try to fight inflation because...