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...Sunday that their forced sell-off had probably furthered last week's market slump. "I cannot deny that if we had not been selling the market would have fallen less," he said, though he said he thought its effect had been "minimal." With the markets in turmoil, the dark-haired, slim trader slipped out of sight, surrendering to financial police only on Saturday afternoon. Kerviel remains in custody in Paris but so far faces no criminal charges. The clock is running however: by early afternoon Monday, police must either free him or present Kerviel to a judge for the opening...

Author: /time Magazine | Title: Behind the Trader's Market Chaos | 1/27/2008 | See Source »

...imagine he said it as if he were confessing a deep, dark secret. And, of course (wink, wink), he had no idea his little confession would make the rounds. But when Sergio Bendixen, Hillary Clinton's pollster and resident Latino expert, told the New Yorker after her win in New Hampshire that "the Hispanic voter--and I want to say this very carefully--has not shown a lot of willingness or affinity to support black candidates," he started a firestorm of innuendo that has begun to shape how the media are covering the race for the Democratic presidential nomination...

Author: /time Magazine | Title: The Black-Brown Divide | 1/26/2008 | See Source »

...explosion below an overpass in an eastern suburb of Beirut turned Eid's car into a tangled wreck of fire-blackened metal, destroyed or damaged at least 20 other vehicles, shattered glass in a nearby office building and sent a plume of dark smoke into the sky from burning vehicles. Soldiers sealed off the area as fire engines and ambulances raced to the scene of the blast...

Author: /time Magazine | Title: Was Al-Qaeda Behind Beirut Bombing? | 1/25/2008 | See Source »

...Will people come to South Africa to see them if they know they will be going back to hotels and guest houses with no power?" asked Michael Tatalias of the tourism association. "That means no hot meals, no clean laundry, no lights." (The football stadiums, however, will not go dark. The world soccer authority FIFA has required generators be built into each venue...

Author: /time Magazine | Title: Gold Mines Go Dark in South Africa | 1/25/2008 | See Source »

...chief executive of corporate and investment banking Jean-Pierre Mustier told reporters that he was "convinced [Kerviel] acted alone." Kerviel confessed to the elaborate fraud during a six-hour grilling by bank officials on Saturday night, according to the Daily Telegraph, which posted a photograph online of a slender, dark-haired man. Despite the weekend revelations, three days lapsed before executives suspended trading of Société Générale shares. They declined to tell reporters at Thursday's press conference why the trader had not been immediately fired, nor why they had not involved the French...

Author: /time Magazine | Title: France's $7.2 Billion Hit | 1/24/2008 | See Source »

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