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...doesn't have to be something that moves the market to amount to proxy fraud," says Richard Painter, a law professor at the University of Minnesota. "Just has to be something that a reasonable investor finds important...

Author: /time Magazine | Title: The Rise and Sudden Fall of Bank of America's Ken Lewis | 9/18/2009 | See Source »

...found guilty of that they would face stiff penalties. What's more, judges typically are more likely to ban, at least temporarily, executives of financial-services companies who are found in violation of securities-fraud laws because it is considered to be more damaging to the credibility of the market. In the 1990s, several executives of Salomon Brothers were suspended from being officers of a securities firm after they failed to disclose big losses by one of the firm's bond traders...

Author: /time Magazine | Title: The Rise and Sudden Fall of Bank of America's Ken Lewis | 9/18/2009 | See Source »

...Berlusconi continues to reel from a months-long sex scandal that has shaken his bearings and loosened what should otherwise be a tight hold over Parliament and his center-right coalition. As the first reports of the Thursday-morning bombing - which also killed 10 Afghan civilians - at an outdoor market in Kabul came in, the Ministers of Defense and Foreign Affairs both forcefully declared Italy's resolve to maintain its military presence in Afghanistan in the face of what Defense Minister Ignazio La Russa called a "cowardly" and "devious" attack...

Author: /time Magazine | Title: Will Italy Pull Its Troops out of Afghanistan? | 9/18/2009 | See Source »

...better feeling for this mood, and no one exploits it as well, as Beck. He is the hottest thing in the political-rant racket, left or right. A gifted entrepreneur of angst in a white-hot market. A man with his ear uniquely tuned to the precise frequency at which anger, suspicion and the fear that no one's listening all converge. On that frequency, Frankowski explained, "the thing I hear most is, People are scared...

Author: /time Magazine | Title: Mad Man: Is Glenn Beck Bad for America? | 9/17/2009 | See Source »

...adore the food at Ece, tel: (90-212) 245 7628 - the vegetable-in-olive-oil dishes are delicious. From there, you can go down to the Spice Market and then hop onto a ferry to Uskudar to watch the sunset. Come back to the European side for dinner, at the inventive Abracadabra, tel: (90-212) 358 6087, in Arnavutkoy. Chat or dance the night away at any of the cafés in Cihangir or bars in Beyoglu. There's no sleeping in Istanbul...

Author: /time Magazine | Title: A Perfect Day in Istanbul | 9/17/2009 | See Source »

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