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...widening of Citi's CDS spreads." In somewhat dumbed-down but still utterly flummoxing language: credit-default swap (CDS) spreads represent the cost of insuring against Citi's default. That cost went up in the quarter as investors fretted about Citi's solvency, so Citi was able to book $2.5 billion in gains. Got that? Without that boost, Citi's $1.6 billion in quarterly profit would have been more than wiped out. As it was, holders of Citi's common stock still had to take a $966 million loss because of accounting adjustments related to the planned conversion of preferred...
Maia Szalavitz is a freelance journalist in New York City and author of the book Help At Any Cost: How the Troubled-Teen Industry Cons Parents and Hurts Kids (Riverhead...
Most forensics labs are busy trying to solve human crimes; they don't have time to find out who killed a walrus. TIME talked to Dr. Laurel Neme about her book, Animal Investigators, in which she explains the difficulties of tracking the wildlife black market, and the one laboratory - U.S. Fish and Wildlife Service Forensics Lab in Ashland, Oregon - that tries to stop it. (See photos of the forensics lab mentioned in Neme's book...
...first part of your book focuses on walrus hunting in Alaska. You mention that it's hard to make good hunting laws because of the difficulty in knowing what level of hunting is sustainable. Why is that...
Speaking in front of a packed Sackler Museum Auditorium on Thursday, Scottish novelist and law professor Alexander McCall-Smith admitted to writing about real-life acquaintances in his fiction. “I take great pleasure in putting real people into books. I take their permission, well, not entirely,” he said, before warning event host Professor Arthur I. Applbaum that he might come up in a future novel. McCall-Smith, a former professor of medical ethics at the University of Edinburgh, was born in Zimbabwe and lived for many years in Botswana. His fictional oeuvre includes...