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...fixed-rate annuity, or a life insurance policy, the ruling regulator is the state where you bought the policy. This is a little trickier. The payout AIG has promised you comes from assets it holds in its general account. If the state insurance commission believes AIG can't meet its obligations to policyholders - and a bankruptcy filing might be an indication of that - the insurance commission can step in. If that happens, there's a chance you won't immediately be able to cash out your policies, at least not without incurring a penalty. That's a tactic regulators might...

Author: /time Magazine | Title: Wall Street's Bomb: What's the Fallout for You? | 9/16/2008 | See Source »

...state. This dual lack of resources and manpower has left FEMA floundering. The organization has yet to impose a cohesive system of management on levees nationwide, which are currently owned by a hodgepodge of federal and local officials. As a result, many levees are poorly constructed and fail to meet government safety standards. Additionally, FEMA continues to encourage community participation in the National Flood Insurance Program. By subsidizing insurance premiums for buildings in areas at high risk for destruction, the initiative has increased development in flood-prone areas, therein exacerbating the damage reeked by seasonal hurricanes. Getting FEMA back...

Author: By The Crimson Staff | Title: A Lesson Learned? | 9/16/2008 | See Source »

...poorly handled and badly implemented, forcing students into a position where choosing classes (and choosing a curriculum) is a trauma. Although we stood behind the original Gen Ed program as envisioned by its creators, the entire process has become perverted by the College’s inadequate response to meeting students’ academic needs during the interim. The result: beleaguered upperclassmen with nowhere to turn to fulfill Core requirements and equally frustrated freshmen who are forced to choose between a meager selection of Gen Ed courses and the defunct Core. No student at any point...

Author: By The Crimson Staff | Title: Lost in Transition | 9/16/2008 | See Source »

...trying to hold on for dear life. My friend Jordan and I were a commodity, yes, two Americans somehow in Egypt, somehow celebrating with them on this hallowed day.But we were nonetheless—and with the little Arabic we knew—able to join in the chants, meet these people, and understand that this was far more than just a game.Egypt is not a pretty place. It is the number-one most polluted country in the world, over-populated to endemic proportions, and generally facing a dramatic political crisis.But soccer, this one sport, overcomes it all. They...

Author: By Walter E. Howell, CRIMSON STAFF WRITER | Title: World Parties, Should We Go? | 9/15/2008 | See Source »

Coming to a stop in his two decade-old Fiat, Bologna social worker Claudio cut the ignition and yanked up the emergency break. "Get ready," he said. It was January 2007, and as part of my reporting for an article on immigration I was about to meet some 15 Roma families who'd emigrated from the former Yugoslavia in the early 1990s. Claudio's warning was partly to prepare me for the rough conditions - rusting doors and walls, leaking pipes, power cuts - that I would encounter over the next hour as the longtime city caseworker showed me around the fenced...

Author: /time Magazine | Title: Preparing for a 'Gypsy Summit' | 9/15/2008 | See Source »

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