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Uncertainty is everywhere. India's financial services and technology companies, which rely on Wall Street for so much of their business, are still waiting to see exactly how badly they'll be hit. Estimates of potential job losses in India reach as high as 25,000. Tata-AIG, an Indian joint venture with troubled U.S. insurer AIG, has been asked by Indian insurance regulators to show proof of its solvency. The market turbulence is especially worrying for India's middle classes, who have just begun investing on their own in a big way. (A new Bollywood movie, Saas, Bahu...

Author: /time Magazine | Title: Wall Street Meltdown: Global Fallout | 9/17/2008 | See Source »

With over 4,000 agents and 2 million policies in force in Singapore (population 4.6 million), AIG is one of the city's largest insurance operators. Its pervasive presence underscores the global reach of the U.S. financial companies that have been torpedoed by the subprime crisis - and the worldwide consequences of an unfolding crisis of confidence among their customers and business partners. The Monetary Authority of Singapore, the city's financial regulator, stated that the financial resources of AIA currently met its requirements - an attempt to assure the public that there was no reason for panic. But after the failure...

Author: /time Magazine | Title: Wall Street Meltdown: Global Fallout | 9/17/2008 | See Source »

...Over the past four years, Harvard University Dining Services has been decreasing its use of trans fats in its offerings. In the fall of 2007, HUDS completely eliminated trans fats from its menu. Debates about implementing a similar ban in Cambridge have yet to reach a conclusion. Several restaurants, including Grafton Street and b. good, already prepare their meals without trans fats. B. good’s General Manager Mike Mendez said that foregoing trans fats improves taste and lowers costs, as restaurants do not need to buy frying oils. Grafton Street’s executive chef Matthew Richey said...

Author: By Katherine A. Petti, CONTRIBUTING WRITER | Title: Boston Outlaws Use of Trans Fat | 9/17/2008 | See Source »

...game away and prevent extra time altogether.In the 68th minute, junior Christina Hagner’s game-tying bid nicked off the far post and out of harm’s way. In the 75th minute, a Lizzy Nichols free kick ran just out of the reach of a sprinting Sheeleigh and turned around for a goal kick. In the 79th minute, Sheeleigh’s own free kick rose just high and wide of the net. “You’ve got to keep believing that the next one’s going...

Author: By Emily W. Cunningham, CRIMSON STAFF WRITER | Title: Rhodes Delivers for Crimson in OT | 9/17/2008 | See Source »

...Thailand. The new P.M. also vowed not to interfere in the ongoing court cases against his brother-in-law. Nevertheless, the basic rift between the rural poor, who support Thaksin, and the urban middle class and elite, who despise him, is only growing wider. Furthermore, another case that will reach the constitutional court in the coming months might force the dissolution of Somchai's PPP because of a vote-buying conviction against its former deputy leader. If that happens, Somchai will be forced to resign. And Thailand will have to scramble again for a new P.M. to take...

Author: /time Magazine | Title: Thailand Elects New PM | 9/17/2008 | See Source »

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