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...bills, printed on a peculiar plastic-like material in an unfamiliar size and adorned with never-before-seen designs, are meant to replace the old, ratty paper bills that cause germaphobes to collapse in conniptions every time they are handed change. The problem is the new bills were slipped into the economy without any public awareness campaign and minimal forewarning. A week after the plastic money was let loose on the economy, the Central Bank still hadn't updated its website to indicate that the new bills even existed. (See the top 10 public panics...

Author: /time Magazine | Title: For Nicaraguans, New Currency Is a Hot Potato | 5/23/2009 | See Source »

...months when AIG posted a loss of more than $61 billion for the last quarter of 2008. The company was well on its way to taking in $180 billion in government money. In return, taxpayers got 80% of AIG and a few promissory notes that are not worth the paper that they are written on. (See pictures of the global financial crisis...

Author: /time Magazine | Title: Behind Ed Liddy's Departure from AIG | 5/22/2009 | See Source »

...Liddy should have concluded his March testimony and cross examination in front of the House Financial Services subcommittee by pulling a blank sheet of paper from his brief case, writing his resignation on it, and handing it to chairman Barney Frank. Liddy is too class an act to have done that. He at least waited until AIG has reached a more stable state and left without a word of anger...

Author: /time Magazine | Title: Behind Ed Liddy's Departure from AIG | 5/22/2009 | See Source »

...more as a service than an obligation,” said Elizabeth C. Spira ’11, referring to her responsibilities as a PAF. “I would be wiling to take less money and still do the position.” Despite the grim projections on paper, some students on the committee did not believe that the cuts would be so drastic in reality. Abdelsamad said that he does not believe the concentration fair would be completely eliminated. “That was a harsh assessment,” he said. He said that the fair will...

Author: By Laura G. Mirviss, CRIMSON STAFF WRITER | Title: Advising Programs, Events Face Cuts | 5/22/2009 | See Source »

...Probably not, since papers offer full news coverage anyway on their websites, as Libé did Thursday. That migration to the Web risks trapping French dailies in a dilemma their U.S. peers are already caught in: a proliferation of Internet-savvy readers unwilling to pay again for the original paper product. Indeed, Texier thinks whatever its current agony, the U.S. newspaper industry stands a better shot of coming out of this period alive than its French counterpart. (Read "How to Save Your Newspaper...

Author: /time Magazine | Title: French Newspapers Cutting Back on Holidays | 5/21/2009 | See Source »

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