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...excerpts of the interrogation transcript leaked to the daily Le Monde, Kerviel contends his superiors knew of his illicit activity and turned a blind eye to it. "I can't believe my superiors weren't aware of the amounts I was committing, because it's impossible to generate such big profits with small positions," Le Monde cites Kerviel telling investigators. "That led me to believe that as long as I was in the black, my superiors closed their eyes to the methods and volumes involved."That suggests that even more destabilizing revelations for Soci...

Author: /time Magazine | Title: SocGen Boss Keeps Job | 1/30/2008 | See Source »

...street signs, traffic lights and other paraphernalia intended to keep pedestrians and motorists safely apart actually discourage both groups from engaging with each other. In an interview with TIME several weeks before his death, Monderman explained that removing signs forces you "to look each other in the eye, to judge body language and learn to take responsibility - to function as normal human beings...

Author: /time Magazine | Title: Signal Failure | 1/30/2008 | See Source »

...waistline," Tait complains weakly as he savors another forkful of his country's national dish. The traditional Burns Supper has changed little in over 200 years. Its essential elements are poetry, song, whisky, dancing, bagpipes, the recounting of raffish tales from the poet's short life, the odd misty-eye and, of course, haggis. "It's not just a night anymore, or even a week, it's a whole bloody month!" Tait complains, again unconvincingly, as he raises his glass for yet another toast. The former Morgan Stanley banker has taken well to his new line of work - last year...

Author: /time Magazine | Title: The Bacchanal of Burns Night | 1/25/2008 | See Source »

...supermarket with a GPS unit. I still enjoy bananas and coffee, and I have no problem drinking beer that comes from?gasp!?California. The point of eating locally is to become more familiar with our food. It's nice to hear a farmer say that my rib-eye steak came from a cow that ate local pasture grass rather than a corn-and-antibiotic slurry. Ben Kraft, ANN ARBOR, MICH...

Author: /time Magazine | Title: Inbox | 1/24/2008 | See Source »

...Mullah Omar. Mehsud was surprisingly plump, says Zaidan, but his soft, stout figure and easy camaraderie belie a powerful charisma and laser-like focus. Zaidan attributes some of Baitullah's savvy to better education and more exposure to al-Qaeda: "These militant leaders now, they are living in the eye of the storm. They learn more in one minute than the Taliban did in a year...

Author: /time Magazine | Title: The Face of Pakistan's New Taliban | 1/24/2008 | See Source »

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