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...initial legal theory didn't last forever. By the 1980s, the Supreme Court had ruled that equal access was too broad a policy, and that for insider trading to be illegal a person had to breach a fiduciary duty - a trust that had been established between that person and the company. In one landmark case, the court overturned the conviction of a printer of financial documents who bought shares of companies he knew were takeover targets. The prosecutors, the court found, hadn't proved the man's responsibility to the firms involved in the transactions. At the same time...

Author: /time Magazine | Title: Is Mark Cuban Guilty of Insider Trading? | 11/20/2008 | See Source »

...southern France. French police raided an apartment in the Pyrenees town of Cauterets and captured Garikoitz Aspiazu, the military leader of the Basque separatist terror group ETA, who goes by the nom-de-guerre 'Txeroki.' The arrest comes, evocatively, at a time when rumors are running high of a breach between hardliners and moderates within ETA's political sphere...

Author: /time Magazine | Title: Spain's Most Wanted Terrorist Caught | 11/17/2008 | See Source »

...Although Cheeta's life has crossed many divides there is a final one he cannot breach: "picture a human and a chimpanzee facing each other in awkward silence ... the faint inanity of the interaction stealing over both of them. That's what fame is." Celebrity memoirs that come to such highflown conclusions usually deserve a rude noise; Me Cheeta, though, should be greeted with hoots of approval...

Author: /time Magazine | Title: The Autobiography of Tarzan's Cheeta | 10/23/2008 | See Source »

...Counting on Chinese consumers, however, may not be a sure bet. Some economists had thought that increasingly wealthy Chinese, with their appetite for cars, mobile phones and Big Macs, could help fill the breach opened by retreating American spenders. But that hope, too, is fading. Though Chinese spending is so far holding up - retail sales of consumer goods jumped 23% in September - household consumption, at only 40% of GDP (compared with about 65% in industrialized countries), isn't yet substantial enough to maintain China's high growth rates. "I don't think [domestic spending] will replace what has been lost...

Author: /time Magazine | Title: How Will China Weather the Financial Storm? | 10/23/2008 | See Source »

...Hollywood, traditionally the go-to vehicle for telling war stories, had its own flurry of interest but after a few star-studded box-office underperformers (In the Valley of Elah, Redacted and, most recently, Body of Lies) has largely retreated to its foxhole. Theater has stepped into the breach, using an impressive arsenal of stage weaponry to grapple in more imaginative, varied and visceral ways with the U.S.'s extended tour of duty in Iraq...

Author: /time Magazine | Title: Stage Fight | 10/23/2008 | See Source »

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