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Bank executives said they finally realized their mammoth problem last weekend. Société Générale chief executive of corporate and investment banking Jean-Pierre Mustier told reporters that he was "convinced [Kerviel] acted alone." Kerviel confessed to the elaborate fraud during a six-hour grilling by bank officials on Saturday night, according to the Daily Telegraph, which posted a photograph online of a slender, dark-haired man. Despite the weekend revelations, three days lapsed before executives suspended trading of Société Générale shares. They declined to tell reporters...

Author: /time Magazine | Title: France's $7.2 Billion Hit | 1/24/2008 | See Source »

...public relations image because it is powerful and rich enough not to have to care. Maybe it could have been counted on to keep its word a generation ago, when combating Colombia's epic social inequalities was still its primary objective. But today the FARC, which controls a mammoth swath of southern Colombia, is widely considered to be a ruthless mafia that earns as much as $1 billion a year via ransom kidnapping and protecting the country's cocaine trade. The U.S. State Department has listed both the FARC and Colombia's right-wing paramilitary armies as terrorist groups...

Author: /time Magazine | Title: Chavez's New Diplomatic Defeat | 1/1/2008 | See Source »

...That might be a blessing in the early scenes, which have as much peeing and belching as a PG-13 rating will allow, and where the strangely Shrekish-looking Hrothgar staggers about drunkenly in a toga that is ever in danger of slipping off his mammoth body. It also takes a while to grow accustomed to the faces of Hrothgar, his wife Wealthow (Robin Wright Penn) and the oily counselor Unferth (John Malkovich). The faces have lines and creases, but they don't look lived in. This quibble subsides when Beowulf appears. The political drama of the palace is instantly...

Author: /time Magazine | Title: Beowulf and Grendel — and Grendma | 11/16/2007 | See Source »

...human-rights record of Tunisia - with its small population and economy - should perhaps matter little to the West, compared with that of Libya and Algeria, whose mammoth energy reserves make them important strategic players. But Tunisia's crackdown against Islamic militants has made it a dependable partner in Washington's war on terror, and Tunisian intelligence officers provide "intense cooperation" with CIA and FBI agents, says Tahar Fellous Refaï, director general of external relations and international cooperation at Tunisia's Ministry of the Interior. In October the ripples from Tunisia's approach to human rights reached Washington: a federal...

Author: /time Magazine | Title: Tunisia: The Price of Prosperity | 10/31/2007 | See Source »

Poachers usually practice their barbaric craft off the beaten track, but lately brazen killers like Teddy's are notching up their bloody game, moving closer to residential areas and placing critters of all kinds squarely in their sights. A few months ago, a mammoth white-tailed deer was found slaughtered--its antler rack carved out of its head--in the Pinery, a cushy bedroom community a few miles southeast of Denver. In Des Moines, Iowa, two men from Arkansas were convicted of illegally hunting trophy-size deer at the local airport. And poachers with crossbows built a tree stand...

Author: /time Magazine | Title: Hunting Big Game in Urban Areas | 10/11/2007 | See Source »

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