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Dates: during 2000-2009
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...security available to borrow in its inventory prior to effecting the short sale." As Cox explained in an op-ed, "Our emergency order is not a response to unbridled naked short selling in financial issues - so far, that has not occurred - but rather it is intended as a preventative step to help restore market confidence at a time when it is sorely needed...

Author: /time Magazine | Title: Are Short Sellers to Blame for the Financial Crisis? | 9/18/2008 | See Source »

...very clear to me - we're in the midst of a market controlled by fear and rumors, and short sellers are driving our stock down," fumed John Mack, CEO of Morgan Stanley, in a memo to employees. "You should know that the Management Committee and I are taking every step possible to stop this irresponsible action in the market. We have talked to Secretary [Hank] Paulson and the Treasury. We have talked to Chairman [Chris] Cox and the SEC." Cox is listening, and is reportedly proposing a temporary ban on short selling, subject to approval by the SEC's commissioners...

Author: /time Magazine | Title: Are Short Sellers to Blame for the Financial Crisis? | 9/18/2008 | See Source »

...asking because the Federal Government took over AIG? We thought so. First things 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...

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

...still version 1.0 of what's bound to be a long line of cameras from Nikon, Canon and others that will also shoot video. The D90 does have its limitations. At HD quality, you can shoot for only about five minutes before the image sensor overheats. (You can step down the quality and get 20 minutes of shooting time.) You'll need at least an 8-GB SD card for video, since five minutes of HD can chew up a full 600 MB of space. Likewise, autofocus doesn't work after you start shooting; that means if you're following...

Author: /time Magazine | Title: Still Life with Video | 9/18/2008 | See Source »

Israeli Foreign Minister Tzipi Livni is one step closer to becoming the nation's first female prime minister since Golda Meir. The current prime minister, Ehud Olmert, has decided to resign following corruption allegations involving more than $150,000 in payments from a New York businessman. Livni, 50, has served in Israel's legislature, the Knesset, for less than a decade, but was effectively put on the path to the nation's highest office after claiming victory in Tuesday's primary...

Author: /time Magazine | Title: Tzipi Livni | 9/17/2008 | See Source »

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