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...concealed my fraud was through the filing of false and misleading certified audit reports and financial statements with the SEC. I knew that these audit reports and financial statements were false and that they would also be sent to clients. These reports, which were prepared here in the Southern District of New York, among things, falsely reflected my firm's liabilities as a result of my intentional failure to purchase securities on behalf of my advisory clients...

Author: /time Magazine | Title: Bernard Madoff's Full Statement to U.S. District Court | 3/12/2009 | See Source »

Wandering the streets of Tokyo's Roppongi district on a wet night, you know where film director Ridley Scott got the inspiration for his dystopian Los Angeles in Blade Runner. Multicolored neon; disembodied voices from video screens; a freeway over your head; the smells and sounds of bars and noodle shops; fake fur everywhere. Then, the next morning, you look out a window and see another Japan: a hedge in which each leaf seems to have been clipped by hand; a couple of rocks placed, in some Zen way, just...

Author: /time Magazine | Title: The Lessons From Japan | 3/12/2009 | See Source »

Over the past two decades, Minneapolis' 33,000-student district has seen a steady increase in the number of homeless kids, as the Twin Cities area has hemorrhaged manufacturing jobs and the supply of affordable housing has dwindled. The recession has worsened the problem: between July and December, Minneapolis Public Schools (MPS) tallied nearly 20% more homeless students than during the same period the year before. Perhaps out of necessity, the district has become a national model for how to identify what it refers to as "highly mobile students" and ensure that their education is not interrupted. Case in point...

Author: /time Magazine | Title: Keeping Homeless Kids in School | 3/12/2009 | See Source »

Since 1987, federal law has required districts to help homeless children stay enrolled at one school continuously, as any move could set these kids back several months academically. Under the law, a district must provide free transportation - whether by taxi, city bus or school bus - even if the child is staying in a shelter outside its boundaries. Every year, MPS spends more than $1.5 million transporting homeless students. On a recent morning, seven buses arrived at Ty'jhanae's shelter to deliver 21 kids to eight different schools...

Author: /time Magazine | Title: Keeping Homeless Kids in School | 3/12/2009 | See Source »

...gives each homeless child a new backpack full of school supplies paid for by private donations and federal dollars. And these aren't cheapo knapsacks. "We don't want backpacks that look like they came from a shelter," says Elizabeth Hinz, district liaison for homeless and highly mobile students. In the winter, her staff members hand out coats, mittens and hats. Year-round, they find free medical clinics to treat earaches and provide dental services. School social workers take kids to get glasses and vaccinations. Many high schools offer laundry or shower facilities for teenagers - who are often left...

Author: /time Magazine | Title: Keeping Homeless Kids in School | 3/12/2009 | See Source »

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