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...Saturday's decision also diminishes chances that the controversial 1990s arms deal over which Zuma has faced charges, will ever be properly investigated - although its corrosive legacy will live on. In his ruling last week, Judge Nicholson called for a commission of inquiry "to rid our land of this cancer that is devouring the body politic and the reputation for integrity built up so assiduously after the fall of apartheid." Instead, it appears that Zuma will assume the presidency before he ever has his day in court...

Author: /time Magazine | Title: Why South Africa's Mbeki Resigned | 9/20/2008 | See Source »

...time of global turmoil," says Jing Ulrich, chairman of China securities at JPMorgan in Hong Kong. It's another way of saying to CIC's Gao Xiqing, If you come home from New York having increased our stake in Morgan Stanley, it had better be the sweetest deal anyone in Beijing has ever seen...

Author: /time Magazine | Title: Why China Won't Come to the Rescue | 9/19/2008 | See Source »

...Stylistically, “Burn After Reading” adheres to the Coens’ aesthetic of long, panning shots that span the length of entire scenes. But “Burn After Reading,” which takes place in and around Washington, D.C., forces the brothers to deal more with interior spaces like homes, offices, and gyms. Gone are the striking rural panoramas from “Fargo” and “No Country for Old Men”; in their place are indoor shots of Langley’s labyrinthine hallways and the Russian embassy...

Author: By Claire J. Saffitz, CRIMSON STAFF WRITER | Title: Burn After Reading | 9/19/2008 | See Source »

Some owners still believe they can profit by remaining in the subsidized housing game. Mark Carbone is the head of the division of New York-based Related Properties that deals with affordable housing. He says his company is well-financed enough to weather the current housing bust and continue to offer low-cost dwellings. "When we've had the opportunity to opt out, we've chosen to stay in," says Carbone, whose company has holdings in several states. "It doesn't mean we've forfeited a great deal of profit." He says with a strong cash flow, there...

Author: /time Magazine | Title: Low-Income Housing: Another Crisis Looming? | 9/19/2008 | See Source »

...Randian terms, but suggested that the takeover of AIG by Treasury and the Federal Reserve was particularly troubling because there is a chance that the government will actually profit from the selective sale of AIG's assets someday. "The Fed might make a lot of money on the AIG deal," he said. "We're turning the Federal Reserve into a hedge fund...

Author: /time Magazine | Title: What Would Ayn Rand Have Done? | 9/19/2008 | See Source »

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