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...Martha Stewart. The homemaking guru spent five months in prison in 2004 after a series of events triggered by her sale of $228,000 in shares of biomedical firm ImClone Systems, the day before its value plunged 15%. Thanks to a 1997 Supreme Court ruling, even those who lack a connection to a company cannot trade on inside information if they know it is meant to remain confidential. (ImClone was run by Stewart's friend, Sam Waksal.) Ultimately, Stewart was not convicted of insider trading, but of lying to authorities and obstructing justice during the investigation. (Read "How Washington...

Author: /time Magazine | Title: Insider Trading | 11/9/2009 | See Source »

...Philadelphia, superintendent Arlene Ackerman instituted a Parent University this year after expressing concern over low literacy rates for parents and children, as well as a general lack of parental engagement among low-income families, especially among African-American men. Tasked with cherry-picking the best elements from other programs around the country (and tossing the worst), Karren Dunkley, deputy of the Philadelphia School District's Office of Parent, Family and Community Services, and her colleagues realized that they needed to ground the program within the context of adult continuing education. That is, if you're trying to teach adults something...

Author: /time Magazine | Title: To Help the Kids, Parents Go Back to School | 11/8/2009 | See Source »

...describes his sexual exploits on Sunday evenings: “Do you know what today is? / It’s our anniversary... Work so hard for you / Now it’s time you reimburse me.” Lame jokes and awkward cockiness emphasize his lack of authenticity and inspiration...

Author: By Hana Bajramovic, CONTRIBUTING WRITER | Title: Ryan Leslie | 11/6/2009 | See Source »

These urgent issues are two of the over 50 high-concern safety-related repair projects that the T system will not be able to address this year due to a lack of funding, the report noted...

Author: By Sofia E. Groopman, CRIMSON STAFF WRITER | Title: Report Questions Red Line Safety | 11/6/2009 | See Source »

...Appointed police commissioner in 2000 by Mayor Giuliani, despite concerns from many aides about Kerik's reputation for flouting rules and his lack of a college degree - a requirement for senior police officers. Along with Giuliani, he won national praise for his response to the Sept. 11, 2001, terrorist attacks. He stepped down from the NYPD when Giuliani left office at the end of 2001 and joined Giuliani's consulting firm, where he reportedly earned millions, and published a best-selling memoir in 2001, The Lost Son: A Life in Pursuit of Justice...

Author: /time Magazine | Title: Bernard Kerik | 11/6/2009 | See Source »

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