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Harry Markopolos was among those who made repeated complaints to the SEC raising detailed red flags about Madoff's operations. However, the report found that a branch chief had taken an "instant dislike" of Markopolos and declined even to pick up the "several inch thick file folder on Madoff that Markopolos offered." (See pictures of the demise of Bernard Madoff...

Author: /time Magazine | Title: SEC Internal Review Cites Multiple Failures on Madoff | 9/2/2009 | See Source »

Andrew, his brother Adam and their friend Luke started People of Walmart after a shopping trip to a South Carolina branch earlier this month. "We turned a corner to see a stripper - at least, I think she was a stripper - with a shirt that read 'Go F___ Yourself,' and she had a 2-year-old kid in one of those child harnesses that looked like a dog leash," says Adam. They turned another corner and saw a guy with a ZZ Top beard...

Author: /time Magazine | Title: That Viral Thing: People of Walmart | 8/31/2009 | See Source »

...historical study to start dispensing money to banks and then quasi-banks and then companies that weren't banks at all. In his insider account In Fed We Trust: Ben Bernanke's War on the Great Panic, David Wessel details how Bernanke essentially turned himself into a fourth branch of government, exploiting a loophole in a 1932 law that gave the Fed wide latitude in "unusual and exigent circumstances" to become a virtual economic commander in chief, dropping several trillion dollars into the nation's credit jet stream without presidential or congressional input, inaugurating all kinds of unprecedented programs with...

Author: /time Magazine | Title: Why Obama Reappointed Bernanke to the Fed | 8/25/2009 | See Source »

...think it's fair that pro athletes can get shipped around like commodities? Office workers don't have to worry about suddenly being traded to another branch or company in another city. It can disrupt lives, right? I don't mind. With the job we have, the things we get to do, the money we're paid, you should be able to deal with the things that come with it. At the end of the day, I knew I still had a guaranteed contract that's worth crazy money [$9.3 million for 2009-10] at a time when money...

Author: /time Magazine | Title: Quentin Richardson, the Human Trading Chip | 8/24/2009 | See Source »

...according to the legislation. So in effect, anyone who wanted to sign up for the public option, a federally funded and administered program, would find themselves paying for abortion coverage. "You are spreading the cost of the procedure over a public plan," explains Stupak. Under the legislation, the Executive Branch would have to make a determination that abortion is a basic medical service for the service to be provided, something the Obama Administration is expected to do. (See the top 10 health-care-reform...

Author: /time Magazine | Title: How Abortion Could Imperil Health-Care Reform | 8/24/2009 | See Source »

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