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...strategies, including short-selling (borrowing a stock and selling it in the hope of buying it later at a lower price to return to the original lender). The objective is to achieve - for hefty fees - consistent positive returns in good and bad markets, and at reduced risk. But the crash in global equity markets has dented fund performance and fractured investor confidence. In September alone, $43 billion fled the $1.7 trillion industry, according to TrimTabs Investment Research. "Hedge-fund investors are losing so much money elsewhere, they're shooting first and asking questions later," says Robert Howe, a fund manager...

Author: /time Magazine | Title: Pruning Season | 11/13/2008 | See Source »

...stolid face and solid musculature, which we know because he goes topless more than his leading ladies do. He has vigorous skirmishes on roofs, in cars and in hotel rooms. He takes as severe a beating--and shows as much emotion--as a crash-test dummy. He's a government spy whom his government wants dead, and he's mourning the violent death of his girlfriend. He so resembles another famous agent that you half-expect him to say, "The name is Bourne. Jason Bourne...

Author: /time Magazine | Title: Quantum of Solace: Bourne-Again Bond | 11/13/2008 | See Source »

...into flames. As police and ambulances rushed to the scene to carry dozens of injured motorists to the hospital, it was reported that the plane had been carrying Interior Minister Juan Camilo Mouriño, Mexico's equivalent of a Vice President. Mouriño died instantly in the crash along with seven others, including a top security adviser and former federal prosecutor, José Luis Santiago Vasconcelos, who had dedicated much of his career to the fight against drug gangs. (See pictures of Mexico's drug wars...

Author: /time Magazine | Title: Plane Crash Kills Mexico's Deputy Leader | 11/5/2008 | See Source »

...leader and one of the top commanders in its war on narco traffickers sent shockwaves through the government of President Felipe Calderón, already reeling from an increasingly bloody fight against the powerful drug cartels. While officials could not immediately confirm the cause of the crash, Transport Secretary Luis Tellez said it appeared to be an accident rather than a bomb because much of the plane remained intact. Still, soldiers rapidly descended on the airport from which the aircraft had departed, in the western state of San Luis Potosi, where the officials had been holding a meeting on security...

Author: /time Magazine | Title: Plane Crash Kills Mexico's Deputy Leader | 11/5/2008 | See Source »

...Mouriño's children: "His death is a great weight on me. But at the same time, it is a powerful motivation to go on fighting without rest, now more than ever, for the ideals we shared." Calderón did not speculate on the cause of the crash, simply saying his government would thoroughly investigate the event...

Author: /time Magazine | Title: Plane Crash Kills Mexico's Deputy Leader | 11/5/2008 | See Source »

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