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...first: AIG's insurance subsidiaries are solvent and continuing to pay claims. If--and this is a big if--individual insurance subsidiaries run into trouble, a state regulator will step in. That regulator might try to move policies to another carrier--"The insurance industry has a pretty good track record of taking care of itself," says Atlanta-based wealth manager Chris Dardaman--though new insurers may be allowed to adjust policy terms. If push really comes to shove and the subsidiary liquidates, you are still protected in different ways, depending on what sort of policy you have...

Author: /time Magazine | Title: O.K., Don't Panic | 9/18/2008 | See Source »

...Iraq trip, they warned that a gaffe could doom his candidacy; before his convention, they said lingering resentments from the primary could overshadow his coronation. On Sept. 8, the New York Times reported on Democratic fears that Obama was struggling to raise money, shortly before he announced a record-breaking $66 million haul for August...

Author: /time Magazine | Title: Where's the Fire? | 9/18/2008 | See Source »

...Sympathy and subtlety," notes Tom Murray of the Hastings Center for bioethics, "are seasonings rarely applied to political red meat." We have reached a point in our political discourse when candidates are punished less for flatly lying than for changing their minds. You can caricature your opponent, airbrush your record, come close to just making things up and suffer less than if you're caught with a belief that has evolved. The political term for flexible is flip-flopper...

Author: /time Magazine | Title: Life and Death | 9/18/2008 | See Source »

...service as a way to strengthen people’s ties to their government. Rick Stengel, the managing editor of Time magazine, lamented in an article last year in Time that volunteer rates are higher than they have ever been. Why is this a problem? Because it accompanies record low confidence in democracy and the American government. His concern is that “[p]eople see volunteering not as a form of public service but as an antidote to it.” Stengel wants truly national service, run by a bureaucracy within the federal government. The desire...

Author: By Daniel P. Robinson | Title: Servitude Nation | 9/18/2008 | See Source »

...career bureaucrat and one of the PPP's most respected politicians. But his marriage to Thaksin's sister, who also served as a parliamentarian, makes him unacceptable to the PAD, which accuses Thaksin of having bought many of the rural voters who swept him into office with a record mandate. "[Somchai] is Thaksin's brother-in-law and will be even more his proxy than Samak ever was," Chamlong Srimuang, one of the PAD's leaders, told reporters, vowing to keep up the Government House siege until a Prime Minister who's not from the PPP is named...

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

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