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Bernard Madoff's lawyer, Ira Sorkin, told U.S. District Judge Denny Chin on Tuesday that Madoff expects to plead guilty to charges that will put him in prison for up to 150 years. (Watch the video of Madoff pleads guilty...

Author: /time Magazine | Title: No Deal for Madoff, As Victims Prepare to Face Him in Court | 3/11/2009 | See Source »

...Tuesday Chin asked Sorkin if it was his "expectation that [Madoff] will plead guilty" at the hearing on Thursday. "That's a reasonable expectation," Sorkin replied. The judge then said he would decide at the hearing whether to accept the plea and whether to remand Madoff to jail pending sentencing in several months, setting the stage for Madoff's climactic court appearance...

Author: /time Magazine | Title: No Deal for Madoff, As Victims Prepare to Face Him in Court | 3/11/2009 | See Source »

That criticism has lost its bite with autoworkers, considering that Toyota and other foreign makers are taking it on the chin just as much as Detroit. "This attitude, targeting the UAW as the bad guy here or the reason the auto industry is in rough shape - they think that's unjustified, not warranted," says David Lipsky, professor of dispute resolution at Cornell's School of Industrial and Labor Relations. And with some reason, says Lipsky, "they were innovative and creative: they built a comfortable lifestyle for middle-class Americans. And now it's turned out to be a house...

Author: /time Magazine | Title: The UAW Fights Its Image as the Villain of Detroit | 3/1/2009 | See Source »

...lady that's competing. So there's a little bit of the old boys club that remains. But I'm a tough cookie. It's always difficult for the first one when you're paving the way. But hopefully, if I can keep my chin up and keep soldiering forward, it will be easier for the next lady that comes along, and easier for the next lady after that. (See the top 10 female sports heroes...

Author: /time Magazine | Title: Kim Bain-Moore: First Lady of Fishing | 2/20/2009 | See Source »

...told electronics industry executives in early January. Aid is crucial, policymakers believe, because Taiwan's chipmakers are simply too important to the economy, which specializes in manufacturing gear like notebook PCs. "It's bad for the whole high-tech industry here if the DRAM industry fails," says Lu Cheng-chin, an official at the industrial development bureau at Taipei's Ministry of Economic Affairs...

Author: /time Magazine | Title: Chips Are Down for Asia's Semiconductor Makers | 2/5/2009 | See Source »

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