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GERALD LEVIN, former Time Warner chairman, taking the blame for the 2000 merger with AOL--"the worst deal of the century, apparently"--which cost shareholders billions of dollars...

Author: /time Magazine | Title: Verbatim | 1/18/2010 | See Source »

...multibillion-dollar homeland-security apparatus is more Keystone Kops than 24 ... The Federal Government is (alas) a vast, ungovernable enterprise. And the bigger it gets, the less effective it will become ... [Still,] the President is in thrall to the illusion of a skilled, paternalistic government ... Could the new New Deal just get airplane safety right first...

Author: /time Magazine | Title: Verbatim | 1/18/2010 | See Source »

...Fites are among those who might disagree. In late November, with their lease up and their options narrowing, the couple put in one more offer, on a three-bedroom stucco house in Highland. Again they were passed over for cash, but the deal fell through; in the end, their offer was accepted. "It was quite the roller coaster," Beth says. "We certainly lucked...

Author: /time Magazine | Title: Postcard from Inland Empire | 1/18/2010 | See Source »

...Florida, says Rothstein could still "create a real mess" in the state's public arena. He doubts that Rothstein - who could be facing life in prison on the charges of fraud, racketeering and money laundering leveled against him - would plead guilty if he hadn't struck a beneficial deal with the feds. They in turn almost certainly expect Rothstein "to name names," says Zelden, not only of those who might have aided the Ponzi scheme, "but of politicians who may have been playing any kind of quid pro quo shenanigans with him." (See the top 10 crooked CEOs...

Author: /time Magazine | Title: Florida's Mini-Madoff: Scott Rothstein's Fall | 1/18/2010 | See Source »

Rothstein, his attorney and prosecutors won't discuss the terms of his plea deal. But if Rothstein does sing, says Zelden, he's "likely to name more Republicans" than Democrats because Rothstein gave the GOP the lion's share of his political donations - more than $600,000 from Rothstein and his law firm in the past five years. (Florida's Democratic Party got about $200,000.) "Republicans are the ones running the state today," Zelden notes...

Author: /time Magazine | Title: Florida's Mini-Madoff: Scott Rothstein's Fall | 1/18/2010 | See Source »

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