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...night or if he was working for bigger operators. This is where both books dive headfirst into a huge pile of baloney. In 1932 a swashbuckling American journalist named Karl Decker published a piece in the Saturday Evening Post, in which he wrote that in 1914 in Morocco, he met an aristocratic con man, Marqués Eduardo de Valfierno, who told him that he had masterminded the theft as part of a scheme to sell six meticulously forged versions of Mona Lisa to six gullible millionaires. Each would be duped into believing he had secretly bought the picture that...

Author: /time Magazine | Title: Art's Great Whodunit: The Mona Lisa Theft of 1911 | 4/27/2009 | See Source »

...stock would result in bondholders receiving less than 40% of a bond's original face value. GM's chief executive Fritz Henderson described the terms of the offer as "stern." For the swap to take place 90% of the bondholders must accept the offer. If that percentage is not met, GM will file bankruptcy. Many Wall Streeters believe the prospects for such a major swap of GM stock for debt are dubious since bondholders expect to fare better in bankruptcy. Some bondholders are said to have positioned themselves for a bankruptcy filing by buying credit default swaps, which would...

Author: /time Magazine | Title: Chrysler and General Motors Make New Bids to Survive | 4/27/2009 | See Source »

Peter Reuter, a professor of criminology and public policy at the University of Maryland, like Kleiman, is skeptical. He conceded in a presentation at the Cato Institute that "it's fair to say that decriminalization in Portugal has met its central goal. Drug use did not rise." However, he notes that Portugal is a small country and that the cyclical nature of drug epidemics - which tends to occur no matter what policies are in place - may account for the declines in heroin use and deaths...

Author: /time Magazine | Title: Drugs in Portugal: Did Decriminalization Work? | 4/26/2009 | See Source »

...Meanwhile, several countries are trying to help forge a truce - or at least a temporary suspension of fighting - so government troops can get the remaining civilians out of the war zone. The Sri Lankan president met with high-ranking officials from India, just after its government condemned the killing of Tamil civilians. The U.S. has also expressed concern over the dangers faced by civilians, and French Foreign Minister Bernard Kouchner is expected to visit the country in the coming days. The Tigers have indicated their willingness to agree to a truce but, according to U.N. officials, are still preventing civilians...

Author: /time Magazine | Title: Escape from Hell: Refugees Flee Sri Lankan War Zone | 4/26/2009 | See Source »

...Chilled out…wait, what? Yup, prefrosh, there are some kids here who didn't seem to have done anything particularly special in high school, yet they still made it here. They’re great. Maybe you’ll met some of them at the Quincy Grille Games Night (Quincy Grille, 10 p.m., free unless you want food), where you can unproductively spend your time playing Jenga, Settlers of Catan, Uno, and more. There’s even a chance to win free scallion pancakes or potstickers...

Author: By Michelle L. Quach | Title: You Got Into Harvard--What Will You Do With the Rest of Your Night? | 4/25/2009 | See Source »

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