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...firms have taken as much of an image hit in the wake of the financial crisis as Goldman Sachs. Once seen as one of the best-run companies in America, in the past year more and more people have come to view Goldman's outsized profits as a product of backdoor dealings and market manipulation. AIG's former CEO Hank Greenberg recently blamed Goldman for bankrupting the insurance company. (Goldman, not surprisingly, does not concur with Greenberg's version of events.) Goldman received $12.9 billion when the government bailed out the insurer. Goldman has also been accused by critics...

Author: /time Magazine | Title: Goldman Tries to Put a Halo on Bonuses | 1/13/2010 | See Source »

...saddest part about Mark McGwire's insistence that he was naturally "given the gift to hit home runs" - even as he copped Jan. 11 to a near decade's worth of steroid use - is that it might just be true. He did, after all, smash the single-season home-run record for rookies with 49 long balls in 1987 - two years before, he says now, he first tried doping. Could he have edged out Sammy Sosa to crush Roger Maris' 37-year-old home-run record in 1998 - knocking 70 balls out of the park - even without juicing? Fans will...

Author: /time Magazine | Title: Steroids | 1/13/2010 | See Source »

After refining his experiments, Ziegler hit upon the first anabolic steroid, known as methandrostenolone and marketed in 1958 by Ciba Pharmaceuticals as Dianabol. But there was already a dark side. Ziegler's test subjects quickly started abusing the drugs and developed such side effects as swollen prostates or shrunken testicles - an outcome that would prompt the doctor to condemn his own creation before his death in 1983. Nonetheless, by the early 1960s pharmaceutical companies had developed nearly a dozen rival steroids, which quickly gained popularity off-label with athletes. In 1976, the International Olympic Committee became the first sports group...

Author: /time Magazine | Title: Steroids | 1/13/2010 | See Source »

...USGS partnered with the state of California to study a particularly unstable stretch of the San Andreas fault near the town of Parkfield. Quakes had been occurring in the area every 20 to 25 years or so. The previous one had been in 1966, so scientists predicted another should hit before 1990. They threaded the region with seismometers and other sensors, then sat back and waited for the telltale signal that would give them notice of the coming rumble. The quake never occurred in the 1980s, nor in the 1990s. It was not until 2004 that the earth...

Author: /time Magazine | Title: Could the Haiti Earthquake Have Been Predicted? | 1/13/2010 | See Source »

...Foreign luxury-car manufacturers, however, have vowed not to change their product and have faced unique challenges trying to get a foothold in the market. With few open roads to hit, but plenty of traffic jams to navigate, Indian consumers, unlike their Chinese counterparts, often opt for function over form. Those who want a stylish ride pay for it dearly: import duties of more than 100% essentially double the sticker price of all foreign cars. To get around that, BMW and Mercedes assemble some of their models locally, cutting the taxes in half. When BMW first arrived in India...

Author: /time Magazine | Title: Foreign Luxury Cars: Picking Up Speed in India | 1/12/2010 | See Source »

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