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...vengeance" that would "render meaningless the role of the Court." Sorkin cited "death threats and anti-Semitic e-mails" as evidence of the hysteria and urged the judge to "set aside emotion and hysteria" and hand down a sentence "proportionate" to the crime. (Read about the Curious Capitalist's meeting with Bernard Madoff: "It wasn't memorable...

Author: /time Magazine | Title: The Penalty for 'Extraordinary Evil': Madoff Gets 150 Years | 6/29/2009 | See Source »

What underlies this crisis, however, is a sort of Cold War reprise vexing the start of Latin America's 21st century. The Chávez-led, anti-U.S. group came to power because Washington-backed capitalist reforms so often simply widened the region's epic gap between rich and poor. But the bloc's socialist ideology, which critics say is a throwback to the authoritarian leftism of a bygone era, has élites across Latin America spooked in ways their parents and grandparents were when Fidel Castro still had influence in the hemisphere...

Author: /time Magazine | Title: The Honduran Coup: How Should the U.S. Respond? | 6/29/2009 | See Source »

...understand why, let's go back to May 2005. Back then, CEOs loved China because it had become the world's low-cost, increasingly high-quality manufacturing hub. They loved its vast and growing ranks of middle-class consumers. Most of all, the capitalist bosses loved working with officials of the nominally communist Chinese government, who were far easier to deal with than the politicians back home. And why not? On one side, you had autocrats who feared losing their grip on power if the economy didn't keep growing; on the other were autocrats who feared losing their grip...

Author: /time Magazine | Title: The End of the Big Business-China Love Affair | 6/8/2009 | See Source »

...European Parliament altogether. "Every voter who wants to signal that the European Union is good for nothing in its current form can do so by voting for Geert Wilders," he said. His PVV party, like other political outliers, is expected to benefit from mainstream voter apathy. The Trotskyite anti-capitalist movement of Olivier Besancenot could muster 10% of France's vote, for instance, and the anti-immigrant British National Party could win its first seat...

Author: /time Magazine | Title: Why So Few Care About the European Parliament Elections | 5/28/2009 | See Source »

...ruling Communists to take land from peasants for private industrial projects led to a voter backlash in May's elections. Party insiders expect the outcome of state assembly elections in 2011 will end their already thin grip on power, and a growing schism between CPI-M politicians pushing for capitalist reforms and the more orthodox intellectual elite in New Delhi have led many anti-Communist critics to gleefully prophesize the party's disintegration. Leftist intellectuals are also uncertain about the Communists' prospects. "There's going to be a lot of churning," says Aditya Nigam, a fellow at the Centre...

Author: /time Magazine | Title: Why India's Communists Are Losing Ground | 5/25/2009 | See Source »

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