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MISSING There have been many perils Steve Fossett has handled fearlessly--plummeting 29,000 ft. (9 km) into the ocean in a hot-air balloon or realizing while flying solo that his fuel tanks were leaking. But with a "low threshold" for boredom, he pushed himself to a series of exploratory feats, most famously becoming the first person to fly around the world alone in a hot-air balloon, in 2002. "I don't like to be scared," he said. "I spend a lot of effort figuring out how to reduce risks." It is unclear whether such effort was enough...

Author: /time Magazine | Title: Milestones Sep. 17, 2007 | 9/6/2007 | See Source »

...house of pancaked leverage, built on the proliferation of subprime and exotic mortgages that did away with many of the safeguards built into the classic 30-year fixed rate with a 20% down payment. Riskier loans originally designed for a narrow band of home buyers--interest only, adjustable rate, balloon payment, no documentation (of income, that is)--took off broadly in the last rising market, and Denver was one of the many areas where they were...

Author: /time Magazine | Title: Ground Zero of the Real Estate Bust | 8/16/2007 | See Source »

Larson was one of Harvard’s top money-managers in his 13 years at the University, helping the endowment balloon from $4.7 billion in 1990 to $25.9 billion by 2005. His team gained national media attention when he and four other prominent HMC members left the company during a six-year period leading up to Larson’s 2004 departure...

Author: By Nathan C. Strauss, CRIMSON STAFF WRITER | Title: Harvard Loses Millions in Hedge Fund Collapse | 8/1/2007 | See Source »

Fashions change, but less so at the fair. Alongside the elephant ears and corn dogs, we now find empanadas and tacos de carnitas. Kids now compete in robotics as well as rabbit husbandry. Grandma's red balloon, which became Dad's Snoopy balloon, is now Junior's SpongeBob balloon. And the carnies now wear uniform shirts (with collars!)--though they're still missing some teeth...

Author: /time Magazine | Title: A New Day at The Fair | 7/12/2007 | See Source »

...still leads the pack of official candidates in national polls, Giuliani's lofty numbers have been drifting to Earth - various national surveys showed him dropping between 2 and 6 points since early June. Meanwhile, the as-yet-unannounced candidate Fred Thompson has been rising like a hot air balloon, pulling ahead of Giuliani in a South Carolina poll and drawing even with the Mayor in one national survey...

Author: /time Magazine | Title: Will Rudy's Get-Tough Image Backfire? | 6/21/2007 | See Source »

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