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Trouble in the Old World The chain of scandals now tightening around the Vatican began in Ireland last year with the publication of two government-commissioned reports concerning sexual abuse by priests and at schools and orphanages run by the church. Four of Ireland's 24 bishops offered their resignation. Since then, the Irish Primate, Cardinal Sean Brady, has admitted he met two young victims of a pedophile priest in 1975 and asked them to sign an oath of silence. The priest went on to molest children for almost two decades before being arrested and sent to prison. Brady...
Steve Eisman knew that calamity would eventually come. The hedge-fund manager bet big against the subprime-mortgage market and won. So did Mike Burry, a social recluse who began investing at night during his medical residency. Jamie Mai and Charlie Ledley, two 30-somethings who started trading in a Berkeley garage, "assumed that there was some grownup in charge of the financial system." There wasn't. In The Big Short, Michael Lewis, who chronicled an earlier era of Wall Street excess in 1989's Liar's Poker, tells the story of investors who asked questions that no one else...
...leave China and its more than 380 million Internet users behind. When the search giant launched a local service in China in 2006, it agreed to censor query results on controversial terms like Tibet--while reserving the right to alert users that it was doing so. Initially sanguine, Beijing began to add restrictions in 2009. Tensions reached a breaking point in January after a China-based cyberattack on Gmail. Google then vowed to stop self-censoring--a move that, according to a Beijing spokesman on March 12, would have "consequences." Ironically, those consequences might be gravest for China...
Lured by e-mails sent over house lists inviting students to a BBQ presented by "The Harvard Lampoon and Leverett House," crowds began to form in front of the Lampoon Castle shortly before 6 p.m. Friday. The festivities kicked off when Lampoon editors began to grill burgers and play guitars in front of the colorful doors of the Lampoon Castle. Several minutes later, Austin himself emerged from the castle amid cheers from those Cantabs in attendance...
...religious Shi'ite parties began to splinter, Allawi's political fortunes began to turn around. It helped, too, that his successors as Prime Minister - Ibrahim al-Jaafari and al-Maliki - were unable to deliver clean and efficient government. Allawi's party made a strong showing in last year's provincial elections, and that allowed him to unite a strong coalition of secular and Sunni parties under the Iraqi banner...