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...role as director-general." Lawyers for Nagy, a Hungarian economist who now works in London for the European Bank for Reconstruction and Development, say she left the IMF of her own will and received standard compensation under a cost-cutting plan that eliminated 380 positions via voluntary departures. Caught red-handed after Nagy's husband discovered e-mail sent last January during the monthlong affair, Strauss-Kahn owned up to the tryst, stressing that his transgressions ended there. On Monday, Strauss-Kahn issued an apology to Nagy, the IMF staff and his French TV-personality wife Anne Sinclair for what...

Author: /time Magazine | Title: Sex and the Financial Crisis: The Scandal at the IMF | 10/21/2008 | See Source »

...Mark Wahlberg) earned his wounds in the sort of battle familiar to action-movie fans: Coming home one night, he found his wife Michelle (Marianthi Evans) and their child murdered. Max caught up with two of the perps but caught only a fleeting glimpse of the fleeing chief villain. (The movie gets its suspense from tracking clues to the third man.) We know that this kind of film introduces wives and kids for the sole purpose of killing them off and turning a loving husband into a revenge machine. You got the same deal in this summer's Death Race...

Author: /time Magazine | Title: Max Payne on Screen: Just a Tease | 10/17/2008 | See Source »

...taught us how to row well and was a very easy-going guy.” After two years in the Kingston Rowing Club and Kingston Collegiate, Overington was selected for the Canadian junior national team in his junior year of high school. His success on the national stage caught the attention of the Harvard coaching staff, and although he had previously been planning on attending college in Canada, the Crimson’s storied rowing program prompted him to consider spending his college years in the U.S. After competing in the 2004 Head of the Charles Regatta, Overington stayed...

Author: By Lucy D. Chen, CRIMSON STAFF WRITER | Title: Bowling them Overington | 10/17/2008 | See Source »

...Last month, with pressure mounting, investigators announced they had caught a Taiwanese-owned monosodium glutamate factory red-handed. Though it had taken three months of undercover work, inspectors discovered that Vedan Vietnam, a foreign-owned company, was illegally dumping untreated waste into the river. Natural Resources and Environment Minister Pham Khoi Nguyen called it "not just a violation but, in fact, treacherous behavior." An unprecedented crackdown followed: a Korean MSG manufacturer was nabbed dumping toxic waste. Several foreign-owned starch factories, which can release cyanide during processing, were shut down. On October 10, inspectors caught a Vietnamese leather tanning company...

Author: /time Magazine | Title: Vietnam Cracks Down on Polluters | 10/17/2008 | See Source »

...Kamoshida isn't the only one caught by surprise as Japan deals with the cascading effects of the crisis. The mall, Sakura City, opened in late 2006 to much fanfare, and initially housed 60 stores, including the area's only supermarket. Its closure has cost about 400 people their jobs, and effects are rippling out into the community, says Tadayasu Yamamoto, chairman of the Hitachi Chamber of Commerce and Industry. "Shop owners of the nearby shopping arcades are in trouble and so are the consumers," Yamamoto says. "We cannot allow the city's ray of light to be extinguished...

Author: /time Magazine | Title: Now the Real Pain Begins | 10/16/2008 | See Source »

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