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...risks have to be serious ones. Marvin Zuckerman, psychologist and professor emeritus at the University of Delaware, says risk-taking can mean seeking sensory experiences through food or travel or the more primal thrills of sex--as may be the case with Eliot Spitzer. The problem is, he says, that "high-sensation seekers tend to underestimate the risk...

Author: /time Magazine | Title: The Science of Risk-Taking | 3/13/2008 | See Source »

...political power ladder as Attorney General of New York, prosecuting white-collar crime, securities fraud, and even prostitution. He ascended to the Governorship in 2006, promising voters a change in “the ethics of Albany.” Ironically, just two years into office, Governor Eliot Spitzer was caught spending $4,300 for a few hours with a prostitute. It appears that Spitzer, more so than Albany, needs to change his brand of ethics. Given that his was a political career shaped by a fight against corporate corruption, Spitzer’s hypocrisy is as stunning...

Author: By The Crimson Staff | Title: Hypocritical Oath | 3/13/2008 | See Source »

...Wednesday, Eliot Spitzer hit bottom. For a man who so often seized the moral high ground, it was an excruciating fall. Clad in his trademark starched white shirt, the governor resigned, sunk by his stunning patronage of a high-end prostitution ring. "I cannot allow my private failings to disrupt the people's work," he said. "To every New Yorker, and to all those who believed in what I tried to stand for, I sincerely apologize...I look back on my time as governor with a sense of what might have been." His wife Silda stood heartbreakingly next...

Author: /time Magazine | Title: The Perilous Future of Eliot Spitzer | 3/12/2008 | See Source »

There are also questions about whether Spitzer could be prosecuted for tax fraud if he "structured" his payments to the Emperors Club VIP through shell companies. "What it's really going to depend on is how the money was paid," Burstein told TIME, adding, "If his name was not Eliot Spitzer, it's virtually inconceivable that there would be any question of prosecution." Still, he put the odds...

Author: /time Magazine | Title: The Perilous Future of Eliot Spitzer | 3/12/2008 | See Source »

...inflicted on him." Some had speculated that Spitzer, who had been holed up in his Fifth Avenue apartment since his initial apology Monday, was negotiating a deal to avoid prosecution. But U.S. Attorney Michael Garcia denied that was the case. "There is no agreement between this office and Governor Eliot Spitzer, relating to his resignation or any other matter," Garcia, of New York's Southern District, said in a statement. Conviction on Mann Act and "structuring" charges could mean prison time...

Author: /time Magazine | Title: The Perilous Future of Eliot Spitzer | 3/12/2008 | See Source »

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