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...right, it's only a mystery movie. But it is a very cool account of a very cold case and when it appears in theater next week - just in time for the July 4 break - I think you'll agree that it is one this summer's most satisfying movie experiences...

Author: /time Magazine | Title: Tell No One: That French Mystique | 6/26/2008 | See Source »

...plan unraveled within two months. Only two units were "sold," prosecutors say, and a bank wire transfer of $690,000 to an account held by Rivera led to the arrests. The bogus sale price of the homes may have been the giveaway. "Generally, where there's been the fastest price appreciation is where we've seen the greatest incidents of mortgage fraud," says John Mechem, spokesman for the Mortgage Bankers Association...

Author: /time Magazine | Title: Inside a Florida Mortgage Scam | 6/25/2008 | See Source »

...lurches into its sixth hot summer, is in the eye of the beholder. That much is clear from the release this week of a pair of U.S. government reports that offer dueling assessments of the situation in Iraq - a glass-half-empty version from the Government Accountability Office (GAO) and a glass-half-full account from (surprise!) the Pentagon...

Author: /time Magazine | Title: Iraq Through the Looking Glass(es) | 6/25/2008 | See Source »

...this year, to $401 billion in 2011, it predicts. In the U.S., total sales are expected to soar 93% from last year to $335 billion in 2012. Premium brand companies that are selling online expect their total sales to jump 111% within five years, by which point they will account for 22% of total sales. And selling on the web can help boost a company's brick-and-mortar sales, too. "It's our most powerful marketing tool and a significant driver of store traffic," says David Duplantis, the senior vice president who oversees web sales for Coach, the American...

Author: /time Magazine | Title: Getting Luxury Goods Online | 6/23/2008 | See Source »

...Lehman--the smallest and least diversified of Wall Street's big firms. These companies once made all their money off commissions and fees, but the bulk of their profits in recent years has come from making bets. At Lehman Bros., trading and investing on the firm's own account contributed about 60% of its $6 billion in pretax profits last year. Key to these profits is leverage, a.k.a. debt. But with high leverage comes high risk. If your investments go sour or nobody will lend to you, your business can evaporate in a matter of days. That happened to hedge...

Author: /time Magazine | Title: The Crusading Hedge-Fund Manager | 6/19/2008 | See Source »

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