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...phone call. "We are all wiped out." But they came, and we went numb. We lost, on paper, $1.2 million. My wife's family's combined losses are close to $30 million. We're talking old ladies and men, lawyers, children with Madoff trusts, students in college and an array of others who thought they had the world beat - and they did, at least for a time...

Author: /time Magazine | Title: How I Got Screwed by Bernie Madoff | 12/15/2008 | See Source »

...After downloading the software to your PlayStation, you log into Home and create your virtual character, whom you'll pilot around. Using your PlayStation controller, you've got a seemingly infinite array of choices to customize your human. Everything from the height of the cheekbones to skin color and hair (color, texture, length) is customizable - within limits. Want your character to be 8 ft. tall? Forget it. Humans are sized like the real deal. No really enormous noses, either. You want your character to be as obese as a tech-gossip blogger? Sorry, only the slightest of beer guts...

Author: /time Magazine | Title: A First Look at PlayStation Home | 12/11/2008 | See Source »

...become an aimless absurdity. It began with a specific target. Afghanistan was where Osama bin Laden and al-Qaeda lived, harbored by the Islamic extremist Taliban government. But the enemy escaped into Pakistan, and for the past seven years, Afghanistan has been a slow bleed against an array of mostly indigenous narco-jihadi-tribal guerrilla forces that we continue to call the "Taliban." These ragtag bands are funded by opium profits and led by assorted religious extremists and druglords, many of whom have safe havens in Pakistan...

Author: /time Magazine | Title: The Aimless War: Why Are We in Afghanistan? | 12/11/2008 | See Source »

...billion blow comes on the heels of much criticism about Harvard’s spending policies. In light of the recent financial crisis and these pointed questions, it is important to examine and evaluate Harvard’s endowment and fiscal policies. This focus seeks to highlight a diverse array of concerns and suggestions, such as taxing the endowment, environmentally responsible investing, socially conscious alumni donations, and the student body’s role in this new financial climate. The page contains contributions from current students, including the treasurer of the Undergraduate Council, and the alumni founder of Harvard Alumni...

Author: By Claire G. Bulger, Courtney A. Fiske, and Molly M. Strauss | Title: FOCUS: Harvard's Endowment | 12/10/2008 | See Source »

...become an aimless absurdity. It began with a specific target. Afghanistan was where Osama bin Laden and al-Qaeda lived, harbored by the Islamic extremist Taliban government. But the enemy escaped into Pakistan, and for the past seven years, Afghanistan has been a slow bleed against an array of mostly indigenous narco-jihadi-tribal guerrilla forces that we continue to call the "Taliban." These ragtag bands are funded by opium profits and led by assorted religious extremists and druglords, many of whom have safe havens in Pakistan...

Author: /time Magazine | Title: The Aimless War | 12/10/2008 | See Source »

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