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...disappointed that the Attorney General of the State of New York has filed this hasty and ill-conceived civil lawsuit, against which we intend to defend vigorously," said Merkin's lawyer, Andrew Levander, in response to the charges. "The evidence shows that this lawsuit is without merit. Contrary to the Attorney General's allegation, investors in the Ascot Funds were well aware that the money was being invested with Madoff...

Author: /time Magazine | Title: Madoff Feeder Merkin Charged by Cuomo | 4/6/2009 | See Source »

...Some Islamic fundamentalists forbid music. What's your view? Syed Qadeer, LAKE IN THE HILLS, ILL...

Author: /time Magazine | Title: 10 Questions for A.R. Rahman | 4/6/2009 | See Source »

...People who would have the option of specifying how their child looks would be able to act on their ill-gotten racial or socioeconomic prejudices. Furthermore, they would identify what they consider to be superior traits by creating them in their children. Such practices will give rise to a culture where there are superior and inferior genetic compositions—all based on who can pay for non-medical...

Author: By Derrick Asiedu | Title: Build-A-Baby | 4/6/2009 | See Source »

...Last June, Chais even wrote his investors a letter saying he was ill and should he get worse his son, Mark, who lives in Israel, would take over the investment business, which by my estimates handled between $500 million and $1 billion. Some were smart enough to pull out then, others, like my wife and I, continued to trust. If we pulled out, where would we put the money? In the caving stock market? In sinking real estate? In the bank? This seemed like a much safer bet, a bet that returned for over 30 years...

Author: /time Magazine | Title: How Madoff's Feeder Funds Stole My Retirement | 4/5/2009 | See Source »

...article in the Boston Globe published last month, Drake Bennett calls this last tenet into question. Bennett offers up examples of companies whose goal-driven business models led them to fail, from GM’s ill-fated drive to capture 29 percent of the automobile market to Ford’s disregard for warnings about the combustibility-prone Pinto in its disastrous determination to win back market share. What goes for business goes for life—Bennett quotes Adam Galinsky, a professor at Northwestern University’s Kellogg School of Management, who warns that goal-setting...

Author: By Jessica A. Sequeira | Title: Out With the Checklist | 4/5/2009 | See Source »

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