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...That's not to say that illegal insider trading is necessarily rampant among hedge funds. Considering that the typical fund was down by double digits in 2008 - a year in which hundreds went belly up - there's reason to believe that cheating (or at least competent cheating) isn't standard operating procedure...

Author: /time Magazine | Title: Arrests Open a Window on Hedge-Fund Culture | 10/21/2009 | See Source »

...complete, published study results, which include three analyses of the data, suggest that the experimental vaccine may be far less effective than the authors had originally indicated. The vaccine appears to have been slightly more protective among low- or average-HIV-risk participants than among high-risk individuals, like sex workers or intravenous drug users, and its effect appears to wane after the first year. (See TIME's photo-essay "Access to Life...

Author: /time Magazine | Title: The AIDS Vaccine: Modest Results, but a Sign of Hope | 10/21/2009 | See Source »

...unaffordable, especially to those who stand to gain the most from it. As the College Board report makes clear, the real-world benefit of college is not simply academic: the unemployment rate for those with bachelor's degrees is just half that for people with high school diplomas alone. Among those with bachelor's degrees, the median family income was $101,099 in 2008 - twice the family income for high school graduates...

Author: /time Magazine | Title: The Incredible Climbing Cost of College | 10/21/2009 | See Source »

...determine, along with the judges and defense lawyers, whether any evidence was obtained by coercion or inadmissible hearsay. Previously denied access to prosecution witnesses would have to be provided. Defendants whose options had been limited to military attorneys in the past would have the right to select new counsel among more seasoned civilian attorneys...

Author: /time Magazine | Title: Military Tribunals Make Closing Gitmo a Tough Goal | 10/21/2009 | See Source »

Visitors to "Golden Gates" won't find any Orientalist exotica among the installations, paintings and other pieces by 18 contemporary artists from across the Middle East and Iran. In fact, "I refuse to work with artists that deal in exoticism" is the proud boast of the show's creator Daniela da Prato. Too often, she says, the market shapes nascent art movements to meet Western tastes (the Chinese avant-garde is a case in point). "Golden Gates," she says, features emerging artists that have "not yet been contaminated by the art market." (See Time.com/Travel for city guides, stories...

Author: /time Magazine | Title: Golden Gates: Middle Eastern Art | 10/21/2009 | See Source »

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