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In his book, Ellis traces Goldman's successful management approach to the firm's slow recovery from near failure and mortal embarrassment after the 1929 stock-market crash. (An investment fund it launched was one of the era's biggest disasters.) Goldmanites had no choice but to stick together and...

Author: /time Magazine | Title: Too Much Profit at Goldman and Morgan? | 7/27/2009 | See Source »

The neo-Nazis still pose some threats, however. In May, a newsletter of the international development charity Voluntary Service Overseas reported allegations that two Peace Corps volunteers were "severely beaten" outside a pub after a confrontation with Dayar Mongol members. (Erdenebileg denies his group's involvement.) One 25-year-old...

Author: /time Magazine | Title: The Neo-Nazis of Mongolia: Swastikas Against China | 7/27/2009 | See Source »

Regardless, the U.S. Department of Health and Human Services doesn't expect to receive its first vaccines until mid-October, when flu season is already under way, so additional measures will need to be taken to control H1N1/09. In New York, by far the hardest-hit city in the U.S...

Author: /time Magazine | Title: Think H1N1 Is Bad Now? Wait Till Flu Season | 7/22/2009 | See Source »

The two reports paint a portrait of a country stuck at the bottom of the class just 2½ years after it joined the E.U. Bulgaria's lack of progress is all the more glaring given the initial assumptions, in both Brussels and Sofia, that E.U. accession would lock in...

Author: /time Magazine | Title: Could the E.U. Lose Bulgaria to Russia? | 7/22/2009 | See Source »

Americans always knew the Troubled Asset Relief Program (TARP) was going to be expensive. But the program's special inspector general, Neil Barofsky, thinks the U.S. government has bitten off more than it bargained for: on July 20, his office released a report estimating the $700 billion effort to shore...

Author: /time Magazine | Title: TARP Watchdog Neil Barofsky | 7/21/2009 | See Source »

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