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...President conceded for the first time that al-Qaeda had no presence in Iraq before the U.S. invasion, adding, "So what?" In another news cycle, this admission would have dominated the headlines: that after the debunking of Bush's original excuse for war--Saddam's weapons of mass destruction--his argument that Iraq was a crucial nexus in the global war on terrorism also held no water. Thanks to al-Zaidi, nobody heard the other shoe drop...

Author: /time Magazine | Title: The Moment | 12/17/2008 | See Source »

...billion Ponzi scheme allegedly masterminded by former Nasdaq chairman Bernard Madoff punctuated a miserable year for Wall Street in the worst possible way: by underlining, yet again, that savvy market-makers can harness arcane financial instruments as weapons of mass destruction. Left in Madoff's wake are bankrupt investors, mortified regulators and a raft of unnoticed red flags. Madoff's methods previously had been investigated by the SEC, and in 2001, a prescient article raised questions about his inscrutable strategies: "Madoff's investors rave about his performance - even though they don't understand how he does it," wrote Barron...

Author: /time Magazine | Title: Ponzi Schemes | 12/15/2008 | See Source »

Mary C. Bellamy, college counselor at Cape Cod Academy in Barnstable, Mass., said that there were varying levels of awareness of financial aid opportunities...

Author: By Lingbo Li, CRIMSON STAFF WRITER | Title: Aid Office Continues Efforts To Recruit Lower-Income Students | 12/15/2008 | See Source »

...trend of independent stores opening in the past year to replace national chains. Crema Café, for instance, replaced Jasmine Sola, and Passport Boutique replaced Caché. Three businesses—Topaz, Looks, and Cambridge Eye Doctors—that have opened recently in the Square moved from upper Mass. Ave locations. “What this tells me is that property owners and business managers here are really willing to negotiate space arrangements with locally owned independents,” Jillson said. “There’s a real desire to be in a very desirable location...

Author: By Shan Wang, CRIMSON STAFF WRITER | Title: Businesses Push Shopping Locally | 12/15/2008 | See Source »

Laiou died of thyroid cancer at Mass. General Hospital on Thursday afternoon...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Byzantine Professor Dies of Cancer at 67 | 12/15/2008 | See Source »

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