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...massive Ponzi scheme, maybe the government's latest insider-trading case will help put you over the top. Federal prosecutors have charged six people with conspiracy and securities fraud in a series of insider trades that allegedly netted more than $25 million in illegal profits. The defendants include higher-ups at two hedge funds as well as executives at Intel, IBM and the consulting firm McKinsey. Rajaratnam was arrested with the others on Oct. 16, but he promptly paid the $100 million bail so that he could return to work on Monday...

Author: /time Magazine | Title: Arrests Open a Window on Hedge-Fund Culture | 10/21/2009 | See Source »

...wasn't until 1914 that drug use was defined as a crime, under the Harrison Act. To get around states' rights issues, the act used a tax to regulate opium- and coca-derived drugs: it levied a tax on nonmedical uses of the drugs that was much higher than the cost of the drugs themselves, and punished anyone using the drugs without paying the tax. By 1937, 23 states had outlawed marijuana: some to stop former morphine addicts from taking up a new drug, and some as a backlash against newly arrived Mexican immigrants, some of whom brought the drug...

Author: /time Magazine | Title: Medical Marijuana | 10/21/2009 | See Source »

Additionally, the achievement gap—a nationally-seen disparity in the test scores of white and minority students—was particularly salient in the results. Overall, the composite performance index in both subjects for White and Asian students was actually higher than the state average, but Black, Hispanic, and low income students all fell far below the state average...

Author: By Rediet T. Abebe and Sofia E. Groopman, CRIMSON STAFF WRITERS | Title: Cambridge School Test Scores Below Target | 10/21/2009 | See Source »

...Gist: The College Board has released its annual report on the cost of higher education, and the news is distressingly predictable: despite the current economic downturn, college is getting more expensive. Tuition and fees for the 2009-10 school year at a private, four-year college or university now averages $26,273, a 4.4% increase from last year. Throw in room and board and you're up to $35,636. Public schools are a better deal, of course, but their price tag is growing even faster - up 6% or more. All this in a year where the cost of most...

Author: /time Magazine | Title: The Incredible Climbing Cost of College | 10/21/2009 | See Source »

...beyond the typical trials of higher-level play, Tassopoulos had to adjust to Jordan Field, which promotes an entirely new game compared to the fields of Texas...

Author: By Max N. Brondfield, CRIMSON STAFF WRITER | Title: ATHLETE OF THE WEEK: Rookie Boosts D, Shuts Down Cornell | 10/20/2009 | See Source »

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