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...Department of Justice refused to comment on the status of Lay's case Wednesday, and Lay's attorney, Michael Ramsey, did not return calls from TIME. But the consensus from lawyers is that, despite Lay's conviction, the case will never be resolved. "It's discouraging and unfortunate," says former federal prosecutor Michael Wynne. "It's not as if he got away with it, of course. We have a system in place to punish people. And to redress wrongs and to try to get money back for people who have had it taken away." But a lot of former Enron...

Author: /time Magazine | Title: Lay's Conviction Is Gone With Him | 7/5/2006 | See Source »

...flicker of a smile. The former kgb officer in East Germany will be in charge of a gathering to which, by any objective measure, he should not have been invited. Even now a small army of diplomats is buttoning up the communiqués that will record a bland consensus on three topics Putin has chosen for the first G-8 Russia has ever hosted: energy security - which Moscow itself made controversial in January by cutting off gas supplies to Ukraine after raising the price of the commodity by 400% - and the less contentious areas of education and infectious disease...

Author: /time Magazine | Title: Russia's New World Order | 7/2/2006 | See Source »

...spread its influence. With a little luck, the potential exists for Moscow to play a pivotal role in certain Middle Eastern issues, according to Gamal Abdul-Gawad Soltan of Cairo's Al-Ahram Center for Political and Strategic Studies. Russia, says Soltan, can pursue "a policy of blocking a consensus among major powers, which Middle East leaders can manipulate to avoid isolation" by Washington. But Moscow is calibrating its steps carefully - and Washington recognizes the restraint. The most neuralgic Middle East problem is Iran, where Bush's determination to keep Tehran from getting nuclear weapons has been repeatedly mediated...

Author: /time Magazine | Title: Russia's New World Order | 7/2/2006 | See Source »

...Arthur Phillips (Prague), 37; Curtis Sittenfeld (Prep), 30; Myla Goldberg (Bee Season), 34; Nicole Krauss (The History of Love), 31; and Gary Shteyngart (Absurdistan), 33. If we open our borders to the Brits, we also get Zadie Smith (On Beauty), who at 30 is probably her generation's consensus No. 1 seed, as well as Monica Ali (Brick Lane), 39, and David Mitchell (Black Swan Green), 37. And there are dozens of young mid-list talents at work who don't get as much press but probably should. Keep an eye on the painfully funny Sam Lipsyte and the eerily...

Author: /time Magazine | Title: Who's the Voice of this Generation? | 7/2/2006 | See Source »

...task force ultimately came to a consensus to prohibit paying women who donate eggs, but allow reimbursement for travel or other directly related expenses such as lost wages. (Incidentally, the Harvard Stem Cell Institute, which last month became the first U.S. academic facility to begin recruiting women to donate eggs for stem cell studies, adopted the same restriction; they will not pay women for donating, but will compensate them for travel and other expenses related to their participation.) The task force released a draft of its proposed guidelines to its 2300 membership in a town hall forum at the Society...

Author: /time Magazine | Title: Setting the Rules for Stem Cell Donors | 6/30/2006 | See Source »

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