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Dick Fuld was warned. Years before Lehman Brothers tumbled into bankruptcy, roiling markets and setting off a string of massive bailouts, underlings informed the investment bank's CEO that Lehman should get out of real estate before the credit bubble burst. Fuld ignored them. So while the bank's chief...

Author: /time Magazine | Title: The Skimmer | 8/24/2009 | See Source »

Boomers do this regularly, of course - make up stuff about how great they are. They're also eager consumers of goods that jog the memory of their greatness. This explains the current avalanche of hagiographic Woodstock products - DVDs, oral histories, "40th Anniversary Flashback Edition" paper dolls - which is not the...

Author: /time Magazine | Title: Woodstock: How Does It Sound 40 Years Later? | 8/24/2009 | See Source »

Tice denies involvement in any conspiracy, insisting to a Pensacola television station this week that he "never wanted any harm to come to Bud or Melanie." Still, Morgan says Tice and "three or four other people" remain "persons of interest" in the investigation. Tice, 63, a former business partner of...

Author: /time Magazine | Title: The Pensacola Adoptive Couple's Murder: A Hit? | 8/22/2009 | See Source »

Yet, that's exactly what happened when pro-al-Qaeda cleric Abdel Latif Moussa gathered about 100 of his heavily armed supporters in a mosque to denounce Hamas rule and declared himself the "Islamic prince" of the new "emirate." Hamas security men moved in to disarm the group, and 24...

Author: /time Magazine | Title: Behind Hamas' Own War on Terror | 8/21/2009 | See Source »

Wednesday's enormous, killer blasts shattered more than ministry buildings in Baghdad. It also tore the tenuous hope that the country had come to a workable calm. The emerging details of the plot only infuriated a populace already outraged at a government that seems to have lost control of a...

Author: /time Magazine | Title: After the Bombs, Iraqi Leaders Play a Blame-Game | 8/21/2009 | See Source »

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