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...could be clawed back. Unlike stocks, CDS contracts don't trade on an exchange. And trading partners can unwind those contracts at any prices they like. What's more, a rule change in late February, to which AIG voluntarily agreed, gives the insurer's trading partners more leeway to name their terms in the cases of bond defaults that trigger CDS payments...

Author: /time Magazine | Title: Have AIG's Trading Partners Profited from Its Distress? | 4/2/2009 | See Source »

Jong Un's mother Ko Young Hee, a former dancer, was Kim's third wife. Analysts say that before she died of breast cancer in 2004, she pushed Kim to name one of their two sons as his successor. (Kim's third son is by a different wife.) By 2007, Jong Un and his older brother Kim Jong Chul were enrolled in a program created specifically for them at Kim Il Sung Military University. Kim is said by his former sushi chef, Kenji Fujimoto, who wrote a memoir of his days in the North, to think that Jong Chul...

Author: /time Magazine | Title: What's in Store for North Korea After Kim | 4/2/2009 | See Source »

...mean for the rest of us if he's right? Top-of-the-class M.B.A.s would have to find other careers, and pension funds and endowments would lose some money. But there's a silver lining: Among the greatest bargains in investing right now, Siguler said, are brand-name giants such as General Electric and Boeing. Private-equity firms can't afford to buy them. You and I can, a share at a time...

Author: /time Magazine | Title: Private Equity, the Giant Before the Bust, Hangs On | 4/2/2009 | See Source »

...original version of this story contained a misspelled proper name...

Author: /time Magazine | Title: Private Equity, the Giant Before the Bust, Hangs On | 4/2/2009 | See Source »

...Cleaners. It claimed, 'The Association of Mountain Cleaners... makes sure that our holiday guests can always enjoy perfect mountains. Using brooms, brushes, water and muscle power, they clean the rocks of any bird droppings." Visitors to myswitzerland.com were invited to take a Mountain cleaner aptitude test and submit their name for a chance to win a week's holiday in Switzerland. See YouTube video.)... [April Fools...

Author: /time Magazine | Title: Fake Pandas! And Other April Fools' Day Hoaxes | 4/1/2009 | See Source »

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