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...sometime in 2005, according to the SEC suit, Madoff's investment-advisory business morphed into a Ponzi scheme, taking new money from investors to pay off existing clients who wanted to cash out. According to a form filed with the SEC, Madoff reported that the business had $17.1 billion under management in January 2008. As the market got worse this year, Madoff continued to report to investors that his funds were up - as much as 5.6% through the end of November. That would have been a remarkable performance. During the same time, the stocks of the Standard & Poor...

Author: /time Magazine | Title: Wall Street's Latest Downfall: Madoff Charged with Fraud | 12/12/2008 | See Source »

...dangers of this form of self-injury are obvious, and serious. Creating any wound in the skin can lead to infection, but when foreign objects are inserted deep into tissue, the risk is amplified. "The infections aren't just at the site," Shiels says. "You can get a deep muscle infection or a bone infection," or if you hit arteries, veins, nerves or tendons while driving something into the soft tissue, you can cause tears or other damage. Beyond those risks, there is also the possibility that objects can travel once inside the body, approaching vital organs. "They pose significant...

Author: /time Magazine | Title: Teens' Latest Self-Injury Fad: Self-Embedding | 12/11/2008 | See Source »

...most of his life, Henry Molaison, 82, was known as H.M., an amnesiac whose inability to form new memories made him the star of several groundbreaking studies of the brain...

Author: /time Magazine | Title: Milestones | 12/11/2008 | See Source »

...opposition, composed of three parties including the Liberals, pledged to form a coalition government with Dion as the leader and replace the current Harper-led minority government...

Author: By Yuying Luo, CONTRIBUTING WRITER | Title: Ignatieff Will Lead Canadian Party | 12/11/2008 | See Source »

...said, and had planned to launch a suicide strike - although the target remains unknown. "When you have people returning from Afghanistan, as most of these people had, they're sufficiently hard-core that the question isn't whether they'll be undertaking plotting activity but when, and in what form," said a European counterterrorism official with knowledge of the case. "What's important for us to learn is, if the Taliban or their al-Qaeda allies decide to strike us today, who are they going to do it with: their old European networks, [or] via Pakistani groups, jihadist organizations...

Author: /time Magazine | Title: Belgian Police Break Up Plot Linked to al-Qaeda | 12/11/2008 | See Source »

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