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...Bernie Madoff Auction" sales have been popping up across the country in recent weeks, getting the word out in such places as Columbus, Ohio, and Charleston, S.C., by placing big stickers on the front page of local newspapers. The ads begin, "Due to losses caused by Bernie Madoff," and then detail such treasures as original art by Peter Max, Salvador Dalí and Norman Rockwell - as well as Rolex watches and "other flashy items" - that are to be sold to "recover losses from Ponzi scheme." Trouble is, it's hard to tell whether any of the merchandise at these auctions...

Author: /time Magazine | Title: Coming Soon to Your Town: Fake 'Madoff' Auctions? | 11/2/2009 | See Source »

...owned houses and other property in nearby Palm Beach and who is now serving a 150-year prison sentence for his massive Ponzi scheme - many potential bidders exited fuming. "They all thought it was Madoff stuff, and it's not; it's from all over," an attendee told a local television station. A couple weeks later, in Naples, Fla., Abadi held another "Madoff" auction at which many bidders said they could not discern whether any merchandise was from Madoff or his victims. (See pictures of the demise of Bernard Madoff...

Author: /time Magazine | Title: Coming Soon to Your Town: Fake 'Madoff' Auctions? | 11/2/2009 | See Source »

...later, his father, an auto-plant worker, committed suicide. After being primarily raised by a grandmother, Pugh got a ticket out of Detroit with a scholarship to the University of Missouri's journalism school. He then built a successful television-reporting career in Indiana and Virginia before joining the local Detroit Fox News affiliate...

Author: /time Magazine | Title: Can Detroit's First Openly Gay Pol Save the City? | 11/2/2009 | See Source »

...January 2004, Pugh emceed a conference on homophobia, at the Charles H. Wright Museum of African American History, a revered institution here. Local newspapers picked up the story, publicly confirming Pugh's homosexuality - something his friends and colleagues already knew. "I am a respectable member of this community. And I happen to be gay," he told the Free Press at the time. Earlier this year, he decided to be more than a chronicler of other people. "You can't be an activist and a journalist," Pugh told TIME one recent morning, sitting in the living room of his home, which...

Author: /time Magazine | Title: Can Detroit's First Openly Gay Pol Save the City? | 11/2/2009 | See Source »

...rickety boat emitted signals of distress from the Sunda strait, a body of water sandwiched between the Indonesian islands of Java and Sumatra. Local authorities had no vessels in the area, and called on Australia for assistance. When H.M.A.S. Armidale, an Australian naval ship, approached the troubled craft, they found 78 Sri Lankan Tamil asylum seekers heading for Australia. Unsurprisingly, their wooden boat was not seaworthy, and those on board were transferred to the Oceanic Viking, an armed patrol vessel used by Australian customs to track poachers of the highly endangered Patagonian toothfish in these waters...

Author: /time Magazine | Title: Asylum Seekers Stuck in Indonesia-Australia Standoff | 11/2/2009 | See Source »

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