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...torn up. AIG was not allowed to go bankrupt because Lehman Brothers had just failed and the people at the Treasury Department and the Federal Reserve worried (with reason) that another failure - in particular, the failure of a firm that wrote default insurance for banks around the world - might wipe out the global financial system and unleash an economic catastrophe far worse than what we're going through now. In short, the people at AIG FP, the very division that wrote the default-insurance contracts that dug AIG into such a hole, got their bonuses by holding the global economy...

Author: /time Magazine | Title: The Upside of Anger | 3/19/2009 | See Source »

...rally together as one community, with one voice. We will gather in front of University Hall to demonstrate our commitment to tolerance and acceptance. Though we cannot eradicate discrimination through a single rally, we only ensure its survival through silence. Only when we unite as one Harvard can we wipe our walls clean of ignorance...

Author: By Tzu-ying Chuang, Manning Ding, Weijie Huang, Edward Y. Lee, Sean A. Li, Daniel C. Suo, and Joyce Y. Zhang | Title: The Writing on the Wall | 3/16/2009 | See Source »

...solution from Z? Watch a chick flick. That will wipe the emotional scars away...

Author: By Bonnie J. Kavoussi | Title: Around the Ivies | 3/5/2009 | See Source »

...Aluminum Corp. of China or Chinalco to buy an 18% stake of the heavily indebted minerals giant Rio Tinto, for about $19.5 billion. It is also considering a bid by the Beijing trading company Minmetals to buy Australia's mining company Oz Minerals for about $1.7 billion - enough to wipe out that company's debt. Meanwhile, Chinese president Hu Jintao made a five-country swing around Africa in early February, signing deals in Tanzania and Madagascar on agriculture and telecommunications, and promising debt relief to the poorest continent. (See pictures of China's electronic waste village...

Author: /time Magazine | Title: China Goes on a Smart Shopping Spree | 3/2/2009 | See Source »

...blood. So far, none of the human victims have tested positive for rabies. But the government isn't waiting for an outbreak to take action. On Tuesday, the Ministry of Agriculture and Forestry sent two of its seasoned vampire hunters to the community to catch the winged pests and wipe out their colony, discovered at the bottom of an abandoned 200-ft. well that no one ever thought...

Author: /time Magazine | Title: Nicaragua's Vampire Problem | 2/27/2009 | See Source »

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