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...more recent years, I used yet another method to conceal my fraud. I wired money between the United States and the United Kingdom to make it appear as though there were actual securities transactions executed on behalf of my investment advisory clients. Specifically, I had money transferred from the U.S. bank account of my investment advisory business to the London bank account of Madoff Securities International Ltd., a United Kingdom corporation that was an affiliate of my business in New York. Madoff Securities International Ltd. was principally engaged in proprietary trading and was a legitimate, honestly run and operated business...

Author: /time Magazine | Title: Bernard Madoff's Full Statement to U.S. District Court | 3/12/2009 | See Source »

...recent years, Harvard has enacted stringent measures to prevent underage drinking and the sort of dangerous excess that unfortunately has characterized collegiate antics of our generation. But, in banishing wine seminars and mandating BAT teams at House formals, the administration has only encouraged that any actual drinking be furtive and irresponsible. Today, conditioned by the Puritanism of university administrators and society’s moralists to see drinking as an evil—although permissible under certain circumstances—college students expectedly will treat it as such. Intoxication promises an easy high, a cover for actions that otherwise would...

Author: By Christopher B. Lacaria | Title: In Vino Veritas | 3/11/2009 | See Source »

That's not to say there wasn't actual good news driving other stocks higher. Nine out of 10 issues on the New York Stock Exchange advanced: some, surely, the start (or continuation) of a long-term upward trend. But should a fabulous day in the market be taken to indicate that a broader market rebound is under way? Probably not. We can hope for that, but in the interest of managing our own expectations, let's not count...

Author: /time Magazine | Title: The Dow Jumps 5.8% — But It's Just One Day | 3/10/2009 | See Source »

...Graduate School of Arts and Sciences, were able to convey intense emotion through only their voices and limited head and hand movements. Their attribution as singers was something of a misnomer, however, meant rather to highlight the role of the voice in the performance than to indicate actual singing.In the last scene of “Corbu Pops,” a sole baby depended almost entirely on her voice to deliver a convincing, poetic monologue regarding forms, reflections, awarenessm the present, past, and future. But her poetic speech was punctuated by passionate, intermittent ejaculations of “Nigger...

Author: By William P. Hennrikus, CONTRIBUTING WRITER | Title: 'Corbu' Explores Race Artfully | 3/8/2009 | See Source »

...passed through the center say it was never a training camp in the traditional sense. While would-be militants learned to swim and fight there, advanced weapons training was left for the camps in the Pakistani-controlled section of Kashmir. Only a handful of students were sent out on actual combat missions. Instead, most focused on religious doctrine. Parents in the local village who send their children to the Markaz for school say the education is good, though ideological. Ghulam Qadir, 44, has two children there, even though he follows the more liberal Barelvi tradition. School rules insist that even...

Author: /time Magazine | Title: The Making of a Mumbai Terrorist | 3/8/2009 | See Source »

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