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...plan to [liquidate AIG] has also been highly controversial and in some cases puzzling," Greenberg told Congress. "It would have been more beneficial for the American taxpayer if the Federal Government had ... provided guarantees to [AIG's] counterparties rather than putting up billions of dollars in cash collateral to those counterparties...

Author: /time Magazine | Title: Have AIG's Trading Partners Profited from Its Distress? | 4/2/2009 | See Source »

...design also earned Erkoçu a commission for the An-Nasr Mosque in Rotterdam, where again he is tweaking tradition. An-Nasr's minaret will be glass - transparent and subtle, rather than dominating the skyline. The call to prayer will be broadcast in lights, pulsating to the rhythm of the muezzin's voice. Once the mosque is built, Erkoçu hopes Rotterdam's citizens will see the call to prayer beamed across the sky. Muslims will be able to look up and, no matter where they are in the city, turn their thoughts to prayer...

Author: /time Magazine | Title: Updating the Mosque for the 21st Century | 4/2/2009 | See Source »

...particularly poorly in the Kurdish areas of southeastern Turkey, where Erdogan had campaigned most fiercely. The AKP used to do well in the southeast, but that was when it focused on delivering real improvements in political and cultural rights and economic conditions (often driven by the E.U. accession process) rather than brandishing nationalist slogans...

Author: /time Magazine | Title: Why Can't Europe and Turkey Get Along | 4/2/2009 | See Source »

...this mess with their nonexistent oversight and their allowing the deficit to balloon to $10 trillion. All Gingrich can offer as an answer is Contract with America 2.0 - which consists mostly of tax cuts. It's the old trickle-down economics with a fresh paint job. I'd much rather have tax-and-spend Democrats than borrow-and-spend Republicans. David Ingram, ST. LOUIS...

Author: /time Magazine | Title: 10 Ways to Change the World | 4/2/2009 | See Source »

There are other drawbacks to these employment measures, subsidized or not. The biggest is that only workers on fixed full-time employment contracts tend to be covered by the schemes. But they aren't necessarily the most vulnerable to job cuts in hard times; rather, it's the millions of part-time or temporary workers on more precarious labor contracts who are the first to lose their jobs. Numbers vary widely from country to country, but in Spain, for example, around one in three workers are in temporary employment. Unemployment there has soared to more than 14%, up from...

Author: /time Magazine | Title: Can These Jobs Be Saved? | 4/2/2009 | See Source »

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