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...last forever. By the 1980s, the Supreme Court had ruled that equal access was too broad a policy, and that for insider trading to be illegal a person had to breach a fiduciary duty - a trust that had been established between that person and the company. In one landmark case, the court overturned the conviction of a printer of financial documents who bought shares of companies he knew were takeover targets. The prosecutors, the court found, hadn't proved the man's responsibility to the firms involved in the transactions. At the same time, the court gave...

Author: /time Magazine | Title: Is Mark Cuban Guilty of Insider Trading? | 11/20/2008 | See Source »

...idea of quitting collectively came 12 years after the landmark U.S. Surgeon General's report connecting tobacco use to lung cancer, low birth weight and coronary disease. Lynn Smith, a newspaper editor in Monticello, Minn., and a former smoker, wrote editorials in the 1970s urging others to quit. Smith, who once told the New York Times he started smoking "as a teenager by picking up butts from the street during the Depression," organized a local event called "D-Day," or "Don't Smoke Day," in 1976. The next year, the California chapter of the American Cancer Society sponsored a similar...

Author: /time Magazine | Title: The Great American Smokeout | 11/20/2008 | See Source »

...greatest passion since he was elected to Congress in the 1974 class of post-Watergate reformers. The walls of his office are covered with framed souvenir pens that were given to Waxman by Presidents from Ronald Reagan to Bill Clinton in recognition of the role he played in the landmark legislation they signed into law. Among those bills were generic-drug legislation, food- and toy-safety laws, Medicare catastrophic coverage and a safe-drinking-water...

Author: /time Magazine | Title: In Battle of Congress Clout, Waxman Whacks Dingell | 11/20/2008 | See Source »

...flow as international revelers from Robert De Niro and Jean Paul Gaultier to Bollywood star Bipasha Basu gather to celebrate the grand opening of the Atlantis, a $1.5 billion, 1,500-room hotel resort that is over-the-top even by Dubai's standards. A branch of Kerzner's landmark resort in the Bahamas, the Atlantis features opulent rooms from $450 to $35,000 a night; restaurants by star chefs Nobu Matsuhisa, Giorgio Locatelli, Santi Santamaria and Michel Rostang; a giant aquarium containing 65,000 marine animals; and the Middle East's biggest theme park with a waterslide that plunges...

Author: /time Magazine | Title: Grand Ambition in Dubai | 11/19/2008 | See Source »

...papers from Out of Town News twice a week. But some students like Kelly J. Warren ’11, who said she reads her news online, were less concerned about the possibility of the newsstand’s demise. Warren said she only used the newsstand as a landmark for meeting up with clubs or other groups. The kiosk was built in 1928 as a shelter for the Harvard Square stop of the Boston Elevated Railway and is on the national register of historic buildings. The structure was restored and reopened as a newsstand 1984 after the Red Line...

Author: By Sarah J. Howland, CRIMSON STAFF WRITER | Title: Facing Lease Problems, Newsstand May Soon Close | 11/19/2008 | See Source »

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