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It’s one of the hardest games to play. When forced to engage in unheard-of budget cutting, Massachusetts, like every state, must play the dicey stakes of determining which areas to cut and which to preserve. Not all of its decisions have been prudent, however—recently, state funding for families with disabled members was cut to the tune of $78 million. This budgeting decision represents both an unethically blind approach, and a financially shortsighted venture...

Author: By Marcel E. Moran | Title: Kicking Those Already Down | 6/2/2009 | See Source »

...Bernie Madoff bankruptcy trustee, Irving H. Picard, may be the hardest working man in the collections business - and maybe one day the richest...

Author: /time Magazine | Title: Irving Picard at Center of Post-Madoff Storm | 5/30/2009 | See Source »

...Yale, Sotomayor never took her foot off the pedal. "She was something of a grind," says Stephen Carter, a classmate and friend who now teaches at Yale. "She was always in the library, always had a casebook under her arm." But unlike some of the hardest-charging young law students, says Carter, "she always had a manner that was open. She didn't put down other people." Even then, her approach to the law was meticulous and small bore, as in a piece she published in the law journal on a technical issue affecting potential Puerto Rican statehood. "She wasn...

Author: /time Magazine | Title: Sonia Sotomayor: A Justice Like No Other | 5/28/2009 | See Source »

...living off less than 60% of the median household income is defined by the E.U. and the German government as living in poverty. In Germany, that's around $1,066 per month for a single person or $2,240 for a couple with one child. Some of the hardest hit by Germany's increasing poverty levels are children. It's estimated that there are more than 3 million German children living in poverty; in Berlin alone, up to 36% of all children are poor. "The gap between the rich and poor is wider than ever and more children have been...

Author: /time Magazine | Title: New Report Reveals the Depth of German Poverty | 5/25/2009 | See Source »

...Hardest hit has been Las Vegas Sands, whose chairman, Sheldon Adelson, envisioned transforming a stretch of reclaimed Macau land called Cotai into a new Las Vegas Strip with a $12-billion development of hotels and casinos. He launched the effort in 2007 with the opening of a 3,000-room Venetian hotel similar to his flagship Las Vegas property. But last year Adelson struggled to find financing for the project. Construction on new hotels was suspended in November, and the company recently said it would cut as many as 4,000 workers from its Macau operations. Late last year...

Author: /time Magazine | Title: Fortunes Fade for Macau's Casino Kings | 5/21/2009 | See Source »

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