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...looks like Madoff, who went by Bernie, may also have been a crook, and quite possibly one of the largest Wall Street has even seen. According to the U.S. Attorney's office in the southern district of New York, Madoff admitted to defrauding clients for up to $50 billion in a massive Ponzi scheme that was committed over a number of years. (See the top 10 scandals...

Author: /time Magazine | Title: Wall Street's Latest Downfall: Madoff Charged with Fraud | 12/12/2008 | See Source »

...said member Marc C. McGovern. The list, which reflected concerns that the district’s new leader be able to lead a diverse population and be willing to listen to public input, was generated from public feedback collected by Ray and Associates, the consulting firm hired by the district to oversee the search. In an online survey as well as focus group meetings held throughout the city, the public was asked to list the 10 characteristics that it would most like to see in the district’s new leader. At least one School Committee member, Patricia...

Author: By Michelle L. Quach, CRIMSON STAFF WRITER | Title: Superintendent Search Advances | 12/12/2008 | See Source »

...abuse cases. He married well; his wife Patti, the daughter of influential Chicago alderman Richard Mell, used her father's political smarts to help Blagojevich win elections - first to Illinois' General Assembly in 1992 then, four years later, to the U. S. House, as the Representative from the Fifth District of Illinois, which includes parts of Chicago's North Side...

Author: /time Magazine | Title: The Fall of the House of Blagojevich | 12/11/2008 | See Source »

...cell after participating in protests outside South Africa's embassy in that city. By 1995, he was ready for his first major step in national politics. He was immediately successful. He won his first bid for a congressional seat and became the Representative of the largely black Second Congressional District of Illinois, which includes parts of Chicago's South Side. He quickly began forming alliances with a range of Chicago and Illinois pols. When it became clear that Obama would seek a U.S. Senate seat in 2004, Jackson was among the Illinois state senator's most vigorous supporters. Jackson...

Author: /time Magazine | Title: Jesse Jackson Jr.: The Trouble with Being Candidate 5 | 12/11/2008 | See Source »

...edges of Chicago's southern suburbs. It has hardly been a success. While the proposal appeases many of his constituents in suburban Cook County, who view a new airport as a potential economic catalyst for the city, residents of the largely agricultural communities that lie outside his district, where the airport would be built, oppose the idea. "It's like a tornado coming - no one wants it coming to our community," says Bob Barber, administrator of the town of Beecher (pop. less than 2,500), about an hour's drive south of Chicago. The identities of Jackson's chief opponent...

Author: /time Magazine | Title: Jesse Jackson Jr.: The Trouble with Being Candidate 5 | 12/11/2008 | See Source »

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