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"The cash payments to CDS [credit-default swap] counterparties should never have occurred," Greenberg told a House oversight committee. Greenberg is not alone is raising questions about profits that financial firms have been making on the unwinding of AIG's derivative bets. Last week New York attorney general Andrew Cuomo...

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

If this sounds like the sort of obsessive behavior to which the ordinary duffer can relate, that's because Harrington is the patron saint of duffers. In his twenties, at an age when Tiger Woods was shattering records, Harrington was training to become an accountant on the assumption that professional...

Author: /time Magazine | Title: Padraig Harrington: The Grinder | 4/2/2009 | See Source »

More along these lines is heading our way. The Administration hopes to harness our inertia with its automatic pension plan, a major step toward universal savings accounts, and by dramatically simplifying applications for federal tuition aid. Its push to computerize health-care records - another big-ticket stimulus item - could make...

Author: /time Magazine | Title: How Obama Is Using the Science of Change | 4/2/2009 | See Source »

• In 1972, he signed a record deal with Columbia Records, releasing his debut album Greetings from Asbury Park, N.J. with a group of New Jersey-based musicians and friends who would later become The E-Street Band (named after a street in Belmar, New Jersey). The album, while critically...

Author: /time Magazine | Title: Bruce Springsteen | 4/1/2009 | See Source »

• Springsteen's subsequent albums earned him greater and greater critical and popular acclaim, culminating in 1984's Born in the U.S.A., one of the best -selling albums of all time. With with over 15 million copies sold in the U.S. alone, the album remains the most successful in Columbia...

Author: /time Magazine | Title: Bruce Springsteen | 4/1/2009 | See Source »

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