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...When Madoff's Ponzi scheme finally collapsed in 2008, an SEC Enforcement attorney testified that it took only 'a few days' and 'a phone call to DTC' to confirm that Madoff had not placed any trades with his investors' funds," the report said...

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

Tickets for one day of last year's Virgin Mobile Festival ran upwards of $100. This year, all 30,000 tickets were free. Call it a recession bonus from British billionaire and Virgin founder Richard Branson. The festival, held Aug. 30 at the Merriweather Post Pavilion outside of Baltimore, featured Blink-182, Weezer and Franz Ferdinand as headliners. Branson himself was on hand and talked to TIME about the project, the recession and Virgin's next improbable plan. (See TIME's 10 Questions video with Richard Branson...

Author: /time Magazine | Title: Virgin Founder Richard Branson | 9/1/2009 | See Source »

...recent illness.Kennedy’s most notable scandal came in 1969 when he drove off a bridge on Chappaquiddick Island in Martha’s Vineyard, an incident which resulted in the drowning death of his passenger, Mary Jo Kopechne. After swimming to safety, Kennedy did not call police until after Kopechne’s body was found the following day. The senator pled guilty to leaving the scene of an accident, but remained in office and was reelected in 1970.A 1980 run for the presidency proved unsuccessful, particularly after the Chappaquiddick incident became a major factor...

Author: By Lauren D. Kiel, CRIMSON STAFF WRITER | Title: Ted Kennedy Dies at 77 | 8/31/2009 | See Source »

...been “to speak for those who have no voice, to remember those who are forgotten.” As America prepares for a difficult future without his passionate voice, always advocating for the down-trodden, may the leaders of today and tomorrow always heed his call...

Author: By Jonathan S. Gould | Title: Lessons from the Liberal Lion | 8/31/2009 | See Source »

...contention by McCain and others that private discussions were misrepresented are important because they call into question the legal conclusions that allowed harsh interrogation in late 2007. The CIA account of the congressional briefing was used by Bradbury to argue that prolonged sleep deprivation did not "shock the conscience," a legal standard based on the Constitution's Fifth Amendment right to due process. While "not conclusive on the Constitutional question," Bradbury argued that the lack of objections from members of Congress following the classified briefing contributed to providing "a relevant measure of contemporary standards." If Bradbury had concluded that extended...

Author: /time Magazine | Title: McCain Denies Giving O.K. to a CIA Torture Tactic | 8/31/2009 | See Source »

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