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...time of his sentencing, was given 25 years; and former Enron chief executive Jeffrey Skilling got 24 years. In April 2008, a federal judge in Colorado sentenced 72-year-old Norman Schmidt to 330 years for using money from his investment scheme to purchase properties near Aspen and eight NASCAR race cars, among other items. Similar to Madoff's scheme, Schmidt's firm would send investors fraudulent monthly statements claiming big returns on their investments and urged them to contribute more cash...

Author: /time Magazine | Title: The Penalty for 'Extraordinary Evil': Madoff Gets 150 Years | 6/29/2009 | See Source »

...Season Aspen. Hotel Jerome in Aspen, Colo., is celebrating 120 years of bedding guests. Built at the height of Colorado's silver rush by Jerome B. Wheeler, the co-owner of New York's Macy's department store, the hotel was meant to bring a touch of European luxury to the mountains. There's no skiing in Aspen this time of year, but there's plenty of hiking, fly fishing, biking and hot-air ballooning to be had. For its anniversary Hotel Jerome is offering a three-night History Buff package, with a guided tour of Independence Pass...

Author: /time Magazine | Title: Anniversary Travel Deals, Even If It's Not Yours | 5/18/2009 | See Source »

...undersecretary of defense for policy—Campbell served as an associate professor of Public Policy and International Relations at the Kennedy School. He was also the assistant director of the Belfer Center. Currently, Campbell holds leadership positions at a variety of prominent political organizations in Washington, including the Aspen Strategy Group, StratAsia, and the Washington Quarterly. He has previously served in government in a variety of capacities, and received the Department of Defense Medals for Distinguished Public Service and for Outstanding Public Service for his contributions. Campbell received overwhelming support for his nomination from his Harvard colleagues, some...

Author: By Teresa M. Cotsirilos, CONTRIBUTING WRITER | Title: Harvard Kennedy School Professor Tapped for Obama Post | 4/28/2009 | See Source »

This issue also features Walter Isaacson's powerful essay making the case for why the U.S. education system needs national standards. Isaacson, a former managing editor of TIME who runs the Aspen Institute and is the board chair of Teach for America, argues that on the grounds of fairness and competitiveness, it's high time for national standards in American schools in English and mathematics. It's a compelling argument, and to accompany the story, I wanted to talk to the man who might actually help implement national standards, Education Secretary Arne Duncan. Duncan, a former CEO of Chicago...

Author: /time Magazine | Title: American Thrift | 4/27/2009 | See Source »

...official body tracks them, but some estimates put the figure at 150 to 300. Tuition is far from cheap. Monthly costs at residential facilities are $5,000 and up; Mount Bachelor, which houses up to 125 students, charges $6,400 per month, and in 2008 revenue for the Aspen Education Group, which owns Mount Bachelor and is one of the largest chains of residential facilities for problem students, it topped $132 million...

Author: /time Magazine | Title: An Oregon School for Troubled Teens Is Under Scrutiny | 4/17/2009 | See Source »

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