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Moore is right that the rock mag's piece contains a bit of exaggerating and a whole lot of hyperbole. But to call it not real journalism or lacking substance is wrong. There are plenty of facts to back up the case that Goldman generates large profits by taking advantage of others. Goldman is the only Wall Street firm so far to have paid to settle charges - $60 million to the state of Massachusetts - for creating the rotten mortgage bonds that were at the heart of the recent financial crisis. And get this: contained in Goldman's client form...

Author: /time Magazine | Title: Goldman Sachs vs. Rolling Stone: A Wall Street Smackdown | 7/3/2009 | See Source »

...Rolling Stone] article makes a very compelling case against Goldman Sachs, but I think the problems it identifies are pervasive in financial firms and corporate America in general," says Nell Minow, who is the co-founder of the Corporate Library, a research firm that tracks corporate-governance issues. "We need to launch substantive financial reform rather than weighing the faults of one firm versus another." Minow's point is this: spend too much time on Goldman and you miss the fact of how broadly the financial system and the regulations that are supposed to keep profiteers in check failed...

Author: /time Magazine | Title: Goldman Sachs vs. Rolling Stone: A Wall Street Smackdown | 7/3/2009 | See Source »

...They track pilots' conversations, engine noises, air-traffic-control commands, fuel levels, landing-gear extension and retraction and dozens of other clicks and pops that might offer insights about a plane's final moments. The boxes are made out of quarter-inch-thick panels of stainless steel. And in case you're wondering, an entire airplane can't be made out of the same material or it would be too heavy...

Author: /time Magazine | Title: Black Boxes | 7/2/2009 | See Source »

...case overturning India's Section 377 took years; activists elsewhere realize they have a long road ahead. "There will not be any immediate change here because of the Indian decision," Rosanna Flamer-Caldera, executive director of Equal Ground, a gay rights group in Sri Lanka. "Things don't work like that, we have to keep working and advocating constantly." The Indian High Court has given them one more rallying cry. - With reporting by Amantha Perera / Colombo and Delwar Hussain / Dhaka...

Author: /time Magazine | Title: India's Historic Ruling on Gay Rights | 7/2/2009 | See Source »

...home, but the compact size of tapes made them more conducive to car stereos and mobility than vinyl or 8-tracks. On July 1, 1979, Sony Corp. introduced the Sony Walkman TPS-L2, a 14 ounce, blue-and-silver, portable cassette player with chunky buttons, headphones and a leather case. It even had a second earphone jack so that two people could listen in at once. Masaru Ibuka, Sony's co-founder, traveled often for business and would find himself lugging Sony's bulky TC-D5 cassette recorder around to listen to music. He asked Norio Ohga, then Executive Deputy...

Author: /time Magazine | Title: The Walkman | 7/1/2009 | See Source »

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