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...Frank DiPascali, the former financial chief for disgraced billionaire financier Bernie Madoff, told a federal court judge on Tuesday that he and others knew as far back as the early 1990s that no sales were taking place in Madoff's investment scam. He made the comments while pleading guilty to criminal charges as part of a government cooperation agreement for his role in Madoff's $65 billion Ponzi scheme...

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

...Utility company Lemgo estimates it will cut Dörentrup's carbon emissions by some 12 tons each year compared with leaving the streetlights on all night. "We found out that on each stretch of road, people only switch on the lights up to three times each night," explains Frank Bräuer, project leader at Lemgo. "That's why this system works in villages or on the outskirts of a town where residents don't need the lights burning all night...

Author: /time Magazine | Title: Germany's Bright Idea | 8/10/2009 | See Source »

...that his American Born Chinese became the first graphic publication named as a finalist for the National Book Award. Loosely based on the author's own experiences, the book's three short stories touched on a gamut of themes, from language and acceptance to stereotyping and assimilation, and the frank, accessible manner in which they did so inspired translations of American Born Chinese in more than 10 languages...

Author: /time Magazine | Title: Reality Check | 8/10/2009 | See Source »

...selling the scrap metal to steel companies. But with scrap prices taking a dive, some dealers are eying the bigger profits that come from selling the cars abroad. "The problem is that there is no supervision of the companies to ensure that they actually scrap the cars," says Frank Wolff, director of the environmental-crime division of the Hamburg police. "These firms are supposed to turn the cars into scrap, but instead, some are selling them to buyers in Africa." (Read "Cash for Clunkers: How Big an Environmental Boost...

Author: /time Magazine | Title: Germany's Cash-for-Clunkers Black-Market Scandal | 8/7/2009 | See Source »

...Terzo Piano Italian architect Renzo Piano's recently completed expansion of Chicago's beloved Art Institute includes a new foodie haven. Perched on the new wing's third floor - with views of Frank Gehry's Jay Pritzker Pavilion - Terzo Piano is an indoor/outdoor Italian boîte as sleek as the museum itself. Designed by local architect Dirk Denison, Terzo Piano begins with a presentation kitchen at the entrance showcasing cheese, meats and salads. Further on, a clutch of 11 custom-designed mobile panels helps create individual dining zones that can contract and expand according to crowd levels. Smaller tables...

Author: /time Magazine | Title: Eating in the Windy City | 8/6/2009 | See Source »

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