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...recall, Leeson was 27 years old, living in Singapore, and trading futures contracts based on the Nikkei stock index and Japanese government bonds when he got into trouble in the mid-'90s. He was anything but one of the investment banking "Masters of the Universe" made famous by Tom Wolfe in the 1980s. He was a relatively ordinary young professional on an obscure trading desk, who bet the wrong way on the Nikkei's direction; then he doubled down, trying to recoup the firm's money, and lost again. At one point in early 1995, he had half the open...

Author: /time Magazine | Title: Masters of Mayhem | 1/31/2008 | See Source »

...Famous for both her acting and her political activism, this Oscar winner's latest drama, Bernard and Doris, airs Feb. 9 on HBO. Susan Sarandon will now take your questions...

Author: /time Magazine | Title: 10 Questions for Susan Sarandon | 1/30/2008 | See Source »

...from the writers. It is also the one show with no "little people" awards: no sound editors, no writers or directors, just the beautiful people on the screen. Thus the SAG show had the sacred duty of reminding people what these orgies of self-congratulation are for: to parade famous flesh. It meant to brand on viewers' minds the impression all Hollywood actors want to make: We look faaaaabulous...

Author: /time Magazine | Title: Uplift at the SAG Awards | 1/28/2008 | See Source »

...Nobel Prize-winning novelist Orhan Pamuk might sleep a little easier tonight - or not. A series of dramatic arrests over the weekend has laid bare what is alleged to be a shadowy network of ultra-nationalist killers with connections in high places. Their hit list allegedly included the famous writer, targeted for speaking out about Turkey's patchy treatment of its minorities...

Author: /time Magazine | Title: Turkey Busts Alleged Murder Network | 1/28/2008 | See Source »

...Baker and Spice [bakery chain] underneath and flats above. Around the corner is the Blenheim Arms, which is closed - that's going to be bulldozed. My pub, the Man in the Moon is gone; it's now a Chinese cocktail bar. The Phene Arms which is a famous George Best local, is gone. [Best was a legendary soccer star and party animal.] The Surprise, which is a Chelsea pensioner's pub in Royal Hospital Road, just closed...

Author: /time Magazine | Title: Why the Pub Is Empty | 1/28/2008 | See Source »

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