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Before he became the President, CEO and Chairman of Bank of America Corp. - and the man whose $50 billion purchase of brokerage firm Merrill Lynch & Co. was some of the only good news on one of Wall Street's worst-ever days - Kenneth Lewis was a Mississippi boy who lived in a town so small he once joked that you had to go one town over "just to be born." He went to Georgia State University and then to work at North Carolina National Bank (NCNB) in Charlotte as a credit analyst - his first banking job. That was back...

Author: /time Magazine | Title: Kenneth Lewis | 9/15/2008 | See Source »

...high-flying energy company made billions trading esoteric derivatives until insiders blew the whistle on Enron's massive accounting fraud - prompting a bankruptcy filing that rocked the U.S. financial world. The company was instantly devalued and thousands of employees were laid off, their pensions evaporated. Executives Kenneth Lay and Jeffrey Skilling were both convicted of fraud and other charges, although Lay died before being sentenced...

Author: /time Magazine | Title: Enron Corp. | 9/15/2008 | See Source »

...transpires that Vidiadhar and Vincent eventually quit the call center and go to work for another company (or maybe found one, Theroux doesn't quite say) that makes low-cost shirts for big American brands like Kenneth Cole and Tommy Hilfiger. These guys are "exploited?'' They don't seem to be. Considering Ghost Train is supposed to hark back to the journey Theroux took three decades ago, we might get a better sense of whether or not Vidiadhar and Vincent are exploited if we knew what their parents' lives were like. But Theroux doesn't bother to find...

Author: /time Magazine | Title: Paul Theroux: Back on the Tracks | 9/10/2008 | See Source »

...dozens of these rising stars and have concluded that anyone who thinks Obama is unique is not paying attention. Consider Newark, N.J., mayor Cory Booker. His troubled city is into its third generation of African-American political leadership but not necessarily the good kind. Its previous two black mayors-Kenneth Gibson and Sharpe James-became ensnared in fraud and corruption prosecutions (Gibson was ultimately acquitted; James was not). Booker, 39, is something else entirely. A child of the New Jersey suburbs and a graduate of Stanford and Oxford, he faces an uphill battle in transforming Newark's troubled urban landscape...

Author: /time Magazine | Title: Nothing Unique About It: The New Generation of African-American Politicians | 8/21/2008 | See Source »

...punish relatively minor criminal activity like prostitution and religious activity banned by the state, like practicing Falun Gong. The China Labour Bulletin, a Hong Kong-based human rights NGO, estimated last year that the system has more than 300,000 detainees. "There is an overarching message of intimidation," says Kenneth Lim, Hong Kong program manager for Human Rights in China. "It's not restricted to a particular issue or particular age group or segment of the population. As long as they are viewed by authorities as potential troublemakers, there is this pretty relentless effort to silence or otherwise neutralize...

Author: /time Magazine | Title: Would-Be Beijing Protesters Punished | 8/21/2008 | See Source »

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