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...mayor's mansion in 2003 (coincidentally in the same building where Madoff's son Andrew lived), which he then flipped for $11.2 million in 2007, the CFTC charge states. In addition, it says Bloom and his wife owned multiple apartments in New York, beach homes in Florida and New Jersey, luxury cars and, of course, boats. It also says Bloom used $1.2 million for interior-design work and an additional $1.8 million for personal expenses...

Author: /time Magazine | Title: How to Spot a Ponzi Con Artist? Follow the Yachts | 3/6/2009 | See Source »

...third of its 158,000 prisoners by 2012. The New York State legislature is close to scrapping the draconian Rockefeller drug laws that, by imposing mandatory sentences rather than rehab treatment, have kept many otherwise law-abiding drug users in prison for years. Other states, such as Michigan, New Jersey and North Carolina, are either releasing some prisoners who have served their minimum time or putting drug offenders in treatment programs instead of prison. (Read about challenges to New York's drug sentencing laws...

Author: /time Magazine | Title: Another By-Product of the Recession: Ex-Convicts | 3/6/2009 | See Source »

...Suze, I'm in dire straits ..." began another call, from Shirley in New Jersey. Others followed from people trying to renegotiate their mortgages or struggling to take care of aging parents. Eventually, Orman started getting antsy. "We should call this show Get Aggravated with Suze Orman," she said after a rant about the mortgage companies. "Can you hear my tummy growling? I'm sitting here fantasizing about a McDouble cheeseburger with onions!" (See nine kid foods to avoid...

Author: /time Magazine | Title: Suze Orman: Queen of the Crisis | 3/5/2009 | See Source »

...games left in my Harvard career,” Fraser said. “If you’re going to win, you’re going to want to win in two rather than three. It’s my last couple home games ever in a Harvard jersey, so I’m looking forward to seven o’clock...

Author: By Courtney D. Skinner, CRIMSON STAFF WRITER | Title: Harvard Tries To Turn Tide Against Brown | 3/5/2009 | See Source »

...President Barack Obama promised during his 2008 campaign, would let Cuban Americans travel to Cuba once a year instead of only once every three years. Others would reverse regulations on sales of food and medicine to the island and ease payment conditions. Cuban-American Senators Bob Menendez of New Jersey and Mel Martinez of Florida oppose including the Cuba language in the bill, insisting that Havana first improve human rights - including letting Cubans travel freely, a change Cuba watchers thought Raúl would order last year but which he didn't. But the provisions reflect a movement among...

Author: /time Magazine | Title: What Lies Behind the Cuban Purge | 3/5/2009 | See Source »

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