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...start [March 9]. I'm from Ireland, am the same age as Bono, have every one of their recordings on vinyl and CD, and have seen the band live, in Dublin and elsewhere many times. I wanted to thank Josh Tyrangiel for his incisive, honest and, above all, brave review of their new album, No Line on the Horizon. I've listened to an advance copy about 30 times, and it's a poor, disjointed, unmusical record with a few listenable songs. The only good ones sound like Brian Eno tunes with guest appearances by U2. The other publications...

Author: /time Magazine | Title: Profiles in Foreclosure | 3/17/2009 | See Source »

...take a moment to review how AIG made money and why it's now losing so much. Most of AIG's losses have been attributed to its failing positions in credit-default swaps (CDSs). Essentially, AIG is swapping cash flows with other institutions: those banks pay AIG a small sum on a regular basis, and then under certain conditions - like mass foreclosure or corporations' defaulting on their loans - AIG pays out a large sum. In other words, AIG sold insurance; its problem is that it is paying out too much...

Author: /time Magazine | Title: The Case for Letting AIG Fail | 3/16/2009 | See Source »

...biggest low-cost growth areas is in online tutoring, a relatively new addition to the $4 billion test prep industry. The Princeton Review's cheapest online program - which includes three weeks of access to practice tests and online office hours with a certified instructor - will set you back a mere $85, less than a quarter of what the company charges for a single hour with a flesh-and-blood tutor; enrollment in its online offerings grew 15% in 2008. Over at Academic Approach, online programs are also enjoying double-digit growth. They're more expensive - $499.99 for 45 instructional videos...

Author: /time Magazine | Title: SAT in the Recession: Test-Prep Prices Drop | 3/14/2009 | See Source »

...addition to growing their online presence, test prep programs are expanding into an often subsidized arena: tutoring by public and private schools. While not a new idea, these in-school programs are increasingly appealing in this economy, tutors say. The Princeton Review is in talks with five states about integrating SAT or ACT prep into all of their districts. Some schools help knock 20% to 30% off students' fees by offering use of their classrooms at no charge to the test prep company. Other districts pick up the entire tab of the Princeton Review program, offering it to students...

Author: /time Magazine | Title: SAT in the Recession: Test-Prep Prices Drop | 3/14/2009 | See Source »

...Moment after Clinton's phone calls to the two squabbling politicians, the government held out a peace offering to Sharif. It said it will now file a "review petition" in the Supreme Court, asking that it reconsider its order disqualifying the Sharifs from public office. But the Sharif camp has thus far refused to back down from its hardline position. And so, Pakistan's political crisis continues...

Author: /time Magazine | Title: Despite U.S. Efforts, Tension Mounts in Pakistan | 3/14/2009 | See Source »

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