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Spitzer's case against Wall Street is as gutsy as his earlier pursuit of Mob interests in New York City. Everyone knew that organized crime controlled the trucking business in the city's garment center, but no one could figure out how to crack it or how to make the case. At the time Spitzer was the 33-year-old chief of the labor-racketeering unit at the Manhattan district attorney's office. A few attempts to wire undercover agents had failed, in part because the target--the notorious Gambino family--was wary of such tricks. So Spitzer came...

Author: /time Magazine | Title: Eliot Spitzer: Wall Street's Top Cop | 12/30/2002 | See Source »

...wiretaps and other material produced evidence of a conspiracy in which a few families agreed to carve up the garment-industry trucking business among themselves. The trick was bringing a case. There was evidence of extortion, Spitzer recalls, but it was ambiguous, and cases like this had failed in the past. So he charged the Gambinos with something that could stick, an antitrust violation. Thomas and Joseph Gambino and two other defendants took the deal and avoided jail by pleading guilty, paying $12 million in fines and agreeing to stay out of the business. "It was imaginative and smart," says...

Author: /time Magazine | Title: Eliot Spitzer: Wall Street's Top Cop | 12/30/2002 | See Source »

...have been exacerbated in recent years by a sluggish economy and the switch to casual dress at work. While a high-quality man's suit, with its attendant tie and shirt, starts at $400, a pair of khakis and a polo shirt can be had for $100. Though the garment industry sees hope in the return to more traditional dress codes at a few buttoned-down firms, it seems doubtful that there will ever be a widespread restoration of the formality of years past...

Author: /time Magazine | Title: Look, Ma, No Stains | 12/9/2002 | See Source »

...French countryside. Creepy and grotesque, the story is anything but a nursery rhyme. The wolf, waiting eagerly in bed, feeds the little girl (here, sans red riding hood) a jar of her grandmother’s blood and then coaxes her to perform a slow striptease. With each garment removed, he urges her, “Throw it on the fire, my child. You won’t be needing it anymore.” The girl rescues herself in the tale’s conclusion, in contrast to the later Grimm Brothers’ version, in which girl...

Author: By Emma Firestone, CRIMSON STAFF WRITER | Title: Into The Woods | 12/5/2002 | See Source »

...deputy of the American deputy secretary." Luiz Inácio Lula da Silva, Brazil's President-elect, on criticism by U.S. Trade Representative Robert Zoellick "It is glorious to be allowed to join the party. But the membership fee is very high." Xiang Shaoliang, CEO of Baopu Garment, on Chinese Communist Party plans to admit entrepreneurs

Author: /time Magazine | Title: The Barbarians Are Still After Gates | 11/10/2002 | See Source »

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