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Making jokes about Barack Obama is the big test for political comedians these days, and like many, Smith did it mostly by talking around him. Obama could never get away with the kind of sexual shenanigans that Clinton did, he mused, because Michelle wouldn't stand for it: "She would impeach him herself!" Obama's election victory was inevitable the minute Oprah Winfrey endorsed him: "There's nothing bigger than Oprah. Oprah can do anything. 'Betcha can't make a black man President.' 'Watch me!' " The joke isn't Obama himself; it's the cultural shift - and the country...

Author: /time Magazine | Title: Comedy in the Obama Age: The Joking Gets Hard | 8/31/2009 | See Source »

...Washington The Supreme Court Steps In On the Death Penalty Troy Davis, a Georgia man sentenced to death in 1991 for the murder of an off-duty cop, has long maintained his innocence. In the first decision of its kind in nearly 50 years, the U.S. Supreme Court is giving him a chance to prove it. The court ordered a federal judge in Georgia to hear new evidence in the case, including the fact that seven of nine key witnesses have recanted their original testimony. The ruling highlighted the Justices' divergent views on death-row appeals: "The substantial risk...

Author: /time Magazine | Title: The World | 8/31/2009 | See Source »

...yearbook, Bernanke was pictured near Blankfein, who was wearing a fashionable houndstooth blazer with groovy wide lapels. Blankfein then enrolled at Harvard Law School, from which he graduated in 1978. "At some point, I can't say that I had a disadvantaged background," he says. "After a while, I kind of evolved into having an advantaged background." Following law school, he was hired at Donovan, Leisure as a corporate tax lawyer. (See the top 10 financial collapses...

Author: /time Magazine | Title: The Rage Over Goldman Sachs | 8/31/2009 | See Source »

...became a major part of J. Aron's success. But at first, he says, he was not very good at the job. "I had trouble with the language, with the speed and the pacing." Soon enough, though, he designed a lucrative $100 million trade - then the largest of its kind Goldman had ever handled - for a Muslim client to comply with the religion's rules against receiving interest payments. In 1984, Goldman partner and J. Aron chief Mark Winkelman put Blankfein in charge of a group of foreign-exchange salesmen and later in charge of all foreign-exchange business. Rubin...

Author: /time Magazine | Title: The Rage Over Goldman Sachs | 8/31/2009 | See Source »

...bizarrely, the view seems to be, What's good is bad and what's bad is good. There's clearly some resentment. There are people who are disposed to think that because we were careful and successfully avoided many of the pitfalls, it should be thought of as some kind of conspiracy...

Author: /time Magazine | Title: The Rage Over Goldman Sachs | 8/31/2009 | See Source »

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