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...seen a version of this game before. Enron, PSINet, Trans World Airlines and WorldCom all paid out for naming rights at U.S. sporting arenas before going under earlier this decade. In fact, sponsors of major U.S. sports stadiums lost an average of 33% of their market value in 2002, roughly double the Dow's fall that year...

Author: /time Magazine | Title: A Casualty of the Financial Crisis: Sports Sponsorships | 9/17/2008 | See Source »

...original version of this story stated that AIG was regulated by the New York insurance superintendent. Only its insurance subsidiaries are overseen by that official...

Author: /time Magazine | Title: Why the Government Wouldn't Let AIG Fail | 9/16/2008 | See Source »

...original version of this article misidentified Prince Alwaleed bin Talal as a cousin of Saudi King Abdullah. He is, in fact, a nephew of the King...

Author: /time Magazine | Title: Saudi Billionaire to Wall Street: See You Later | 9/16/2008 | See Source »

...example, in the rancorous 2004 Presidential election, the same false rumor that a candidate had mistakenly quoted the Biblical verse John 16:3 as his favorite Bible passage - thus revealing hypocrisy about his being a believer - circulated about both John Kerry and George W. Bush. Presumably, the Kerry version flourished in the conservative blogosphere, and the Bush version gained traction in the liberal blogosphere. Each side has its own echo chamber...

Author: /time Magazine | Title: Q&A: How to Combat Gossip | 9/15/2008 | See Source »

...Oprah Winfrey, Colin Powell and Will Smith, but a race man like Malcolm X would be another story. It was no accident that Bill Clinton tried to pigeonhole Obama in the primaries as another Jesse Jackson, or that Michelle Obama introduced her family at the convention as a new version of the Cosbys (or the Bradys). Obama's opponents want him to look niche, like BET or Chris Rock or the NBA; his challenge is to prove that he's also attractive to the ABC and Dane Cook and MLB crowds. During the primaries, Joe Biden took flak...

Author: /time Magazine | Title: For Obama, Race Remains Elephant in the Room | 9/15/2008 | See Source »

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