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The $50 billion Ponzi scheme allegedly masterminded by former Nasdaq chairman Bernard Madoff punctuated a miserable year for Wall Street in the worst possible way: by underlining, yet again, that savvy market-makers can harness arcane financial instruments as weapons of mass destruction. Left in Madoff's wake are bankrupt...

Author: /time Magazine | Title: Ponzi Schemes | 12/15/2008 | See Source »

A few of Klaw's patrons had more elaborate ideas. Irving was happy to oblige; and Bettie, happy or not, obliged too. By modern standards, the results were mild. In films with explicitly descriptive catalog titles (Hobbled in Kid Leather Harness), a woman will be tied up, or ball-gagged...

Author: /time Magazine | Title: Bondage Babe Bettie Page Dies at 85 | 12/11/2008 | See Source »

As we move forward, we should feel fortunate that we lost more than most universities will ever have, but we cannot let our privilege lull us into a sense of irresponsible complacency. Even at Harvard, and especially at Harvard, we need to buckle down and be serious about maximizing our...

Author: By Anthony R. Britt | Title: Change U Can C | 12/11/2008 | See Source »

“Anytime you can harness the power of the sun to do something that needs to be done instead of using fossil fuels is a great idea,” she added.

Author: By Betsy L. Mead, CRIMSON STAFF WRITER | Title: Solar Devices To Power Wireless Access in Square | 12/11/2008 | See Source »

Steam has long powered Icelandic dreams. Pockets of underground water heated by the earth's core may not be particularly glamorous, but tiny Iceland has spent decades figuring out useful ways to harness its heat and power, employing it for everything from baking bread to turning turbines. Geothermal power now...

Author: /time Magazine | Title: Energy: Boiling Point | 12/4/2008 | See Source »

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