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...lied to the SEC under oath at Madoff's direction," said DiPascali. He then apologized: "I know my apology means nothing, but I hope my actions moving forward mean something and bring some measure of comfort to those I hurt...

Author: /time Magazine | Title: Madoff Exec Pleads Guilty, Says Insiders Knew of Fraud | 8/11/2009 | See Source »

...nation’s capital seem to understand this best—they appear committed to both solving the economic crisis and promoting the arts at the same time. The tenacious, successful performance of the summer jazz series and the open-air Sculpture Garden constitute a significant step forward for accessible art. In addition, the National Gallery of Art has no admission fee. Neither does the world-famous Smithsonian Institution, designed to serve as the nation’s attic...

Author: By Nathaniel S. Rakich | Title: It's a Free Country! | 8/11/2009 | See Source »

...became known in the late 1990s as the Washington Consensus on global economic policy, which called for free trade, privatization, light-touch regulation, prudent fiscal policies and - at least as many interpreted the consensus - free capital flows. The U.S. Treasury, in the wake of the credit meltdown, has put forward a plan to enhance regulation of its own capital markets, but that is unlikely to prevent Beijing from continuing to push for the IMF to take a greater role in policing global markets. At its core, despite embracing many aspects of the market, China runs a top-down, command...

Author: /time Magazine | Title: Can China Save the World? | 8/10/2009 | See Source »

...Hill who are saying, "We need more from him. He's got to tell us where his bright red lines are on this." The truth is, we've actually, I think, provided more guidance than has been advertised. I mean, if you think about how we've moved this forward, we didn't simply put out some broad principles. We were fairly specific. We said we need to have insurance reform, and that's going to include things like preventing insurers from dropping people because of pre-existing conditions. We said that we are going to need to expand coverage...

Author: /time Magazine | Title: Obama: 'This Has Been the Most Difficult Test for Me.' | 8/10/2009 | See Source »

...results, the 80% of all the various bills that are out there that people have agreed to reflect our - most of our ideas from the start of this process ... But the 20% that right now is still the holdup would have been a holdup if we had put forward a plan, hadn't put forward a plan, had left it to Congress, had written it ourselves - because it represents some long-standing ideological divisions in our Congress and, frankly, in our society ... We've put forward what I continue to believe is the most sensible way of financing [a portion...

Author: /time Magazine | Title: Obama: 'This Has Been the Most Difficult Test for Me.' | 8/10/2009 | See Source »

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