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...finance, such as CDOs, that contained pools of mortgages. It also exploded into the secondary market, where speculative investors, hedge funds and others would buy and sell CDS instruments from the sidelines without having any direct relationship with the underlying investment. "They're betting on whether the investments will succeed or fail," said Pincus. "It's like betting on a sports event. The game is being played and you're not playing in the game, but people all over the country are betting on the outcome...

Author: /time Magazine | Title: Credit Default Swaps: The Next Crisis? | 3/17/2008 | See Source »

Messier is optimistic that his friend will succeed where previous French leaders failed, but he isn't ready to shift Messier Partners' HQ from New York City to Paris just yet. "The U.S. is the country of the second chance--where there isn't so much jealousy, and if you've had problems that you try to rebound from, everyone will applaud and will try to help," Messier explains...

Author: /time Magazine | Title: Re-Visionary | 3/13/2008 | See Source »

...straight hip-hop track withstuttering hi-hats that are more Lil’ Jonthan Johnny Cash. Nor does it make sensethat Snoop raps about being gangsta andscooping honeys immediately before discussingmiddle age and his past maritalproblems with wife Shante. The album’sdiverse styles succeed in some ways andfail utterly in others.All in all, “Ego Trippin’” is a decent album,and certainly the strangest one thatSnoop Dogg has ever made. The trackscould have been selected more carefully,and the album should have been shorter.Despite these flaws, the production onthis album succeeds...

Author: By Alec E Jones, CONTRIBUTING WRITER | Title: Snoop Dogg | 3/13/2008 | See Source »

...failing drug tests. Another was being at the announcement that Magic [Johnson] was HIV positive, when we expected to lose him. [The best] has been watching the U.S. and the world embrace the athletes of the NBA, who had earlier been described as "too black" for us to succeed...

Author: /time Magazine | Title: 10 Questions for David Stern | 3/12/2008 | See Source »

Amid the uncertainties, it seems clear Paterson's geniality represents a welcome change in Albany. "He's not a bully," says Perkins. "But he's not a pushover, either." If he is to succeed, he must be neither. Just weeks into his term, Spitzer famously dubbed himself a "steamroller" (an appellation he preceded with an expletive). The critical challenge for his successor is not to get steamrolled...

Author: /time Magazine | Title: The New Face of New York | 3/11/2008 | See Source »

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