Word: majors
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Uncle Sam Steps Back In The market lost faith in AIG too, but the government was forced to save it. A major reason is that AIG is one of the creators of the aforementioned credit-default swaps. What are those, you ask? They're pixie-dust securities that supposedly offer insurance against a company defaulting on its obligations. If you buy $10 million of GM bonds, for instance, you might hedge your bet by buying a $10 million CDS from AIG. In return for that premium - which changes day to day - AIG agrees to give you $10 million should...
...fellow at New York City's Weill Cornell Medical Center, Dr. Sam Parnia is one of the world's leading experts on the scientific study of death. Last week Parnia and his colleagues at the Human Consciousness Project announced their first major undertaking: a 3-year exploration of the biology behind "out-of-body" experiences. The study, known as AWARE (AWAreness during REsuscitation), involves the collaboration of 25 major medical centers through Europe, Canada and the U.S. and will examine some 1,500 survivors of cardiac arrest. TIME spoke with Parnia about the project's origins, its skeptics...
...always admired his maverick spirit and straight-talk approach to the press. But his interview with TIME raises grave concerns about his choleric temperament. McCain could have defused legitimate questions about his campaign's new discipline in any number of ways, but to put reporters from a major newsmagazine in the deep freeze betrays a fundamental lack of self-control, not to mention candor. Do we really want to elect such a mercurial individual as our Commander in Chief? Owen Prell, Mill Valley, Calif...
...still insisting that the fundamentals remain strong; he's also been a consistent vote against financial regulation, a strong supporter of investing Social Security benefits in the stock market and a recent convert to the Bush tax cuts. Voters prefer Obama's positions to McCain's on almost every major policy issue, and the Republican brand still seems toxic. The Obama team believes, as campaign manager David Plouffe says, that "at the end of the day, this is going to come down to the choice: Do I want the McCain agenda or the Obama agenda?" Plouffe might have added that...
...South Africa Legal Victory Ruling-party leader Jacob Zuma cleared a major hurdle in his quest to win the presidency in next year's election when a judge--citing a procedural error--dismissed corruption charges against him. Zuma, who wrested control of the African National Congress from President Thabo Mbeki last year, had faced 16 counts stemming from his alleged role in an arms deal...