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...purported trades, I caused the fraudulent investment advisory side of my business to charge the investment advisory clients $0.04 per share as a commission. At times in the last few years, these commissions were transferred from Chase Manhattan bank account of the fraudulent investment advisory side of my firm to the account at the Bank of New York, which was the operating account for the legitimate side of Bernard L. Madoff Investment Securities - the proprietary trading and market making side of my firm. I did this to ensure that the expenses associated with the operation of my fraudulent investment advisory...

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

...tigers really want to thrive, the answer might lie in rejecting a legacy of Park Chung Hee: the idea that government alone can successfully engineer high economic performance. Jim Walker, an economist at the research firm Asianomics in Hong Kong, argues that Asia's politicians still intervene too much in their economies instead of allowing market forces to work. "What governments need to do is start trusting their own people rather than hoping the West is going to get it right all of the time," Walker says. For the tigers to keep roaring, they may need to find their future...

Author: /time Magazine | Title: The Tiger Trap | 3/12/2009 | See Source »

...This is not a good time for many businesses, but this is a good time for our business," says iRelaunch co-founder Carol Fishman Cohen. Her firm, along with sites like YourOnRamp and 2Hats Network, offers crash courses in networking as well as tips on how to finesse gaps in résumés (don't organize chronologically) and what to wear to an interview (shoulder pads are for linebackers...

Author: /time Magazine | Title: Hard Times Send 'Economoms' Back to the Job Market | 3/12/2009 | See Source »

Until recently, business networking sites like LinkedIn were a mystery to Lisa Estabrook, 50, who left her advertising job at a bank in Philadelphia when her first child was born 16 years ago. Now she finds herself haunting YourOnRamp, which her husband - who was laid off from a reinsurance firm six weeks ago - heard about from a career counselor at a local church. She rattles off all the networking sites she's trying to get a handle on, including Facebook and Tweeter. Um, make that Twitter. "To my kids," she says, "it's funny to see Mom trying...

Author: /time Magazine | Title: Hard Times Send 'Economoms' Back to the Job Market | 3/12/2009 | See Source »

...year away from Harvard to travel. There’s no shortage of plans for what I could do with my time away—as a student of Central European history, I’d love to visit the middle of the Continent, work at a law firm, or enjoy a few weeks of relaxation at home. But I’ve decided that my place (at least for now) is here—in Cambridge, surrounded by friends I care about, deeply immersed in my studies and extracurricular activities. Going abroad as a senior is simply a life...

Author: By Claire G. Bulger, Anita J Joseph, Eugene Kim, Emma M. Lind, and Megan A. Shutzer | Title: Annotations: Change of Place | 3/12/2009 | See Source »

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