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...they, everyone in this fraud, are all wiped out. Even Stanley says he's lost everything. It's the kind of news that's been known to cause shortness of breath, sudden cardiac arrest, revolvers pulled from bedside drawers. It harks back to December of 1929 and the image of bodies falling from buildings. But what can you do? (See the top 10 scared stock traders...

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

...stuff of movies: a dead fish and a rose on a car windshield, a safe full of money and explosives, a room full of wiretapping equipment. The 2002 arrest of Anthony Pellicano, former private eye to the stars, kicked off one of Hollywood's most dramatic scandals. On Dec. 15, a federal judge sentenced Pellicano to fifteen years in prison after a May trial in which he was found guilty on 78 counts, including wiretapping and racketeering. He's been in jail since 2003 on federal explosives charges. Only in Hollywood, kids...

Author: /time Magazine | Title: Anthony Pellicano | 12/14/2008 | See Source »

...cities of Lahore and Muzaffarabad, where the banned militant group Lashkar-e-Taiba - which has been accused by Indian and British investigators of planning the Mumbai attacks - had been allowed to operate under the aegis of its charitable wing, Jamaat-ud-Daawa, until its leader was put under house arrest on Thursday. Pakistani analysts suggest that the "inadvertent" incursion may have been a warning that if strong action was not taken against the accused terror group by Pakistan, India would take matters into its own hands. Zardari stressed that his government was doing all it could to help...

Author: /time Magazine | Title: Jet-Incursion Flap Highlights India-Pakistan Tensions | 12/14/2008 | See Source »

...intercourse and up to two years imprisonment for any so-called indecent acts involving two men, even if the acts occurred in the privacy of their home. In 1980, after an inspector of the Royal Hong Kong Police Force committed suicide as a group of officers were about to arrest him on suspicion of having engaged in homosexual activities, a debate sparked on legalizing homosexuality. Finally in 1991, after more than a decade of discussion, it was decriminalized...

Author: /time Magazine | Title: A Gay-Pride Revolution in Hong Kong | 12/14/2008 | See Source »

...Still, some observers, including Dick Simpson, a former alderman and current head of the political science department at the University of Illinois at Chicago, said a Harris arrest could create some butterflies along LaSalle Street...

Author: /time Magazine | Title: Could Blago Cause Trouble for Daley? | 12/13/2008 | See Source »

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