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...those who don't recall, Leeson was 27 years old, living in Singapore, and trading futures contracts based on the Nikkei stock index and Japanese government bonds when he got into trouble in the mid-'90s. He was anything but one of the investment banking "Masters of the Universe" made famous by Tom Wolfe in the 1980s. He was a relatively ordinary young professional on an obscure trading desk, who bet the wrong way on the Nikkei's direction; then he doubled down, trying to recoup the firm's money, and lost again. At one point in early...

Author: /time Magazine | Title: Masters of Mayhem | 1/31/2008 | See Source »

...know, I thought he was running against me for a while there in Nevada when he said that Republicans had most of the new ideas and you had to challenge the conventional wisdom of the '90s," Clinton said with a mellow smile, leaning back before the cameras. "I thought we challenged the conventional wisdom of the '90s...

Author: /time Magazine | Title: The Clintons Double-Team Obama | 1/23/2008 | See Source »

...while the club has lost its focus since Keegan ended a successful first spell as team manager in the mid-'90s, the fans haven't. Rival northern English cities like Liverpool and Manchester host two top-flight football teams. London boasts five. For Geordies, though, it's Newcastle or nothing. And "when they've worked all week, the match for them is like it is for people down south going to the theater," Keegan said before this weekend's game, his first back in charge at St James' Park. "They want to see something special...

Author: /time Magazine | Title: Between a Northern Rock and a Hard Place | 1/21/2008 | See Source »

...That's quite a turnaround from the doomsday predictions made in the early '90s. It was less than two decades ago that the country's crime wizards were warning of a unprecedented, bloody spike as a super-predator generation - kids armed with equally menacing weapons and attitudes - inflamed gang and drug wars; murders hit over 2,000 in New York and nearly 1,000 in Chicago during the early 1990s. Many theories for the decline over the past decade and more have been floated; from the Freakonomics suggestion that legalizing abortion effectively wiped out a population of would-be criminals...

Author: /time Magazine | Title: How Low Can the Crime Rate Go? | 1/18/2008 | See Source »

Will Ferrell's cocky, bimbo-loving character Chazz (an "ice-devouring tornado of sex") in the figure-skating spoof Blades of Glory would have found a soulmate in Christopher Bowman, a star of the sport in the 1980s and '90s. "Bowman the Showman," a former child actor, improvised routines at the last minute, winked at the cameras and flirted with female fans. He won the men's nationals in 1989 and '92, but his fights with coaches and off-rink habits?drinking, cocaine, women?began to overshadow his talent. At the time of his death from unknown causes...

Author: /time Magazine | Title: Milestones | 1/17/2008 | See Source »

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