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...article for FORTUNE, "a person could buy 66 International Reply Coupons in Rome for the equivalent of $1. Those same 66 coupons would cost $3.30 in Boston," where Ponzi was based. But there weren't enough coupons in circulation to make the plan workable. The ploy bore the hallmarks of both Miller's scheme and others to follow it: it trumpeted the possibility of massive gains (Ponzi promised a 50% return in just 90 days), parried questions about its legitimacy by paying out the first few investors, and collapsed when Ponzi couldn't rustle up enough fresh marks to keep...

Author: /time Magazine | Title: Ponzi Schemes | 12/15/2008 | See Source »

...death, Moscow authorities renamed a street in his honor, its residents—outraged that no one had consulted them and that they’d have to change their addresss on the numerous official forms still demanded by Russian life—tore down the new sign that bore his name...

Author: NO WRITER ATTRIBUTED | Title: CELEBRITY LIST: Five Melancholy Elderly Literary Men | 12/11/2008 | See Source »

...expected that every candidate would try to photoshop him or herself into a colorful flyer with a witty message, and that every eligible surface in every corner of the Yard would get its share of poster coverage. Usually these bore a catchphrase of sorts; these included lines like: “No More Tears,” “I might be a Kitty, but I’m no pussy,” and “Vote Erika. She’ll take you places...

Author: By Elias A. Shaaya | Title: Campaign Sales | 12/8/2008 | See Source »

...Democrats hated him. The Vietnam War lasted longer under him than under Johnson; indeed, by the time of the fall of Saigon, he was out of office. The incursions into Cambodia and Laos cost thousands of lives - millions, when Pol Pot turned Cambodia into a nationwide graveyard. His CIA bore responsibility for the killing of Chile's socialist leader Salvador Allende, on Sept. 11, 1973. And his hounding of political opponents like Daniel Ellsberg was, at the least, ingracious. (See pictures...

Author: /time Magazine | Title: When Nixon Got Frosted: Capturing History | 12/5/2008 | See Source »

...exactly keen on cooperating with an investigation into the massacre. The Mumbai attacks bore many trademarks of the extremist groups based in Pakistan, notably the Lashkar-e-Taiba, which in the past has benefited from the patronage of the ISI. Whether the Pakistani military is orchestrating the violence or merely shielding its perpetrators, tensions with India are rising dangerously...

Author: /time Magazine | Title: After the Horror | 12/4/2008 | See Source »

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