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...Security law against him, accusing him of promoting enmity between religious groups. Gandhi claimed the tapes were "doctored" and avoided turning himself in to the authorities by paying what is called "anticipatory bail." But when the bail ran out, Gandhi gave himself up on Mar. 27. "I am not afraid of going to jail," said Gandhi. "If it generates confidence in some people, I will go to jail." (See pictures of the major turning points in modern India's history...

Author: /time Magazine | Title: India's Dynastic Feud: A Gandhi Who Hates Muslims | 3/31/2009 | See Source »

...people like [RBS's Fred Goodwin] from lampposts on April Fool's Day and I can only say let's hope they are just effigies," Chris Knight, one of the march's organizers, told the BBC on Wednesday. "If he winds us up any more, I'm afraid there will be real bankers hanging from lampposts," Knight said, before adding: "Let's hope that that doesn't actually have to happen." A day later, the University of East London, which employs Knight as a professor of anthropology, suspended him. (See TIME's G-20 content...

Author: /time Magazine | Title: Hang the Bankers! Getting Ready to Vent in London | 3/28/2009 | See Source »

...spend, they'll spend more with the bigger bill than with the smaller bill." Researchers have labeled this phenomenon the "what the hell" effect: "I've broken the hundred; it's gone from my wallet. What the hell, I may as well blow off the rest." So consumers, afraid that the "what the hell" effect will drain their wallets, hold on to those large denominations. (See pictures of expensive things that money...

Author: /time Magazine | Title: Want to Save Money? Carry Around $100 Bills | 3/27/2009 | See Source »

...Citigroup board did not come close to performing its fiduciary responsibility related to risk and that the risk management staff within the company never understood the exotic mortgage-backed paper that the firm was holding. Or, worse, the risk managers may have known what was happening and were afraid to risk their jobs by blowing the whistle...

Author: /time Magazine | Title: Regulating the Cobblestones on Wall Street | 3/27/2009 | See Source »

Right now, says Leuthold, institutional investors are moving back into stocks, not because they're confident of a recovery, but because they're loathe to miss an important market move. "The pension funds are way below their actuarial assumptions, and they're afraid they'll be left behind if they sit with too much cash," he says. In other words, performance fears could replace recession fears...

Author: /time Magazine | Title: Has the Stock Market's Rally Run Its Course? | 3/27/2009 | See Source »

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