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Just a few weeks ago, Takafumi Horie would retire every evening to his palatial home in one of Tokyo's most prestigious apartment towers, where it's said that rents can exceed $50,000 a month. Now, however, Horie spends his days and nights in an unheated jail cell the size of three tatami mats. On Jan. 23, a week after investigators from the Tokyo District Court Public Prosecutor's Office raided the headquarters of Livedoor, the Internet company Horie founded a decade ago, he and three other executives were arrested on suspicion of securities fraud. The 33-year...

Author: /time Magazine | Title: Feeding Frenzy | 1/30/2006 | See Source »

...high time that Congress be held accountable to the laws it is sworn to protect. American voters must demand meaningful campaign-finance reform. Elected officials found guilty of accepting bribes belong in jail like all other crooks. They should forfeit their costly, publicly paid pensions. JOHN HOBBS Mount Arlington...

Author: /time Magazine | Title: Letters: Feb. 6, 2006 | 1/29/2006 | See Source »

...Super Bowl experience is part of American culture," says Chad Audi, chief operating officer of the shelter on Third Street, less than a half-mile from Ford Field. "This way, instead of being thrown in jail or whatever to get them out of the way, they can feel like human beings being treated with dignity and respect." Along with dozens of volunteers from local churches, the mission plans to have substance-abuse counselors and mental health workers on site to help assess the needs of partygoers. "Maybe we can pay a few utility bills to get them back into housing...

Author: /time Magazine | Title: Down and Out on Super Bowl Sunday | 1/24/2006 | See Source »

...contract is dead-a stark reversal of fortunes for Transport Workers Union president Roger Toussaint. During the strike, the former subway car cleaner survived the wrath of millions of nettled commuters just long enough to win some real concessions from the Metropolitan Transportation Authority (MTA). Toussaint faces possible jail time for the strike, not to mention the millions in fines leveled at the union, but he had managed to preserve pensions and lock in pay increases substantial enough to make New York Governor George Pataki wonder aloud if the MTA hadn?t gotten ripped off in its rush...

Author: /time Magazine | Title: Why the NYC Transit Strike Isn't Over | 1/21/2006 | See Source »

...disaster before. Once, while he was at the top of the world, Horie said that ?even if you fail, the worst that you can end up with is zero. You can always reset.? No doubt he now realizes there is one result even worse than zero-and that?s jail...

Author: /time Magazine | Title: The Livedoor Scandal: Tribe Versus Tribe | 1/20/2006 | See Source »

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