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...Alerted to the liaison this summer, the IMF's board contracted an independent Washington law firm to investigate whether Strauss-Kahn might have abused his power in one of two ways: by pressuring Nagy to resign once their relationship ended or by intervening to enhance the compensation she would receive when she decided to leave on her own. Findings on both types of potential misbehavior are expected Friday...

Author: /time Magazine | Title: Sex and the Financial Crisis: The Scandal at the IMF | 10/21/2008 | See Source »

Saif Ahmed began living the Dubai dream five years ago. The University of Toronto business school grad moved to the Gulf city-state and quickly co-founded property developer Universal Canlink Inc. By 2006, the firm was turning over $15 million a year as its brochures lured foreign investors with tales of "meteoric" growth in the Dubai real estate market. Now, as the global credit crisis spirals from Wall Street to the Middle East, Ahmed is coming back down to earth. There's still interest, he explains, but the buying frenzy in Dubai is gone. "Before, people were buying blindly...

Author: /time Magazine | Title: How Wall Street's Bust Threatens Dubai's Boom | 10/19/2008 | See Source »

...time of increasing turnover in Harvard’s highest administrative positions. Shore previously served as a consultant at McKinsey & Company, where he worked with clients in the fields of higher education, technology, and consumer products. He had also been a corporate lawyer at the Boston-based firm Nutter, McClennen & Fish, LLP. Shore attended Duke as an undergraduate, where he studied psychology and political science. He also has a law degree from the University of Pennsylvania and an MBA from the University of Virginia. In his time at Harvard, Shore has worked on improving the University’s budgeting...

Author: By Wyatt P. Gleichauf, CONTRIBUTING WRITER | Title: University Chooses New Finance Chief | 10/17/2008 | See Source »

...election victory, she joined his congressional staff - but was soon moved back to his campaign staff. After terminating their relationship and then firing Allen in January of this year, Mahoney allegedly paid her and her lawyer $121,000 -along with a promise of a job at a media firm - to keep her quiet and avoid a sexual-harassment lawsuit. Allen has refused comment to ABC News...

Author: /time Magazine | Title: Mahoney's Florida District Has Sex-Scandal Déjà Vu | 10/16/2008 | See Source »

Meanwhile, many of the institutions with which Ayers has been affiliated continue to receive inquiries from reporters and political activists. The scrutiny has been so severe that Deborah Harrington, president of the Woods Fund, has hired a public relations firm. She can't wait until Nov. 4. "We hope that at that point, we can return to normal," she says. Amid the controversy, the fund's board has discussed whether Ayers has become too much of a distraction. But, Harrington says, "We knew who he was, and about his past, when he came on the board. People can change...

Author: /time Magazine | Title: Chicago Says There Is Too Much Ado About Bill Ayers | 10/16/2008 | See Source »

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