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Of course, a non-violent willingness to hurt other people for your own enrichment describes every mortgage bundler or junk-bond scammer who's ever forged a balance sheet. What distinguishes the Ponzi artist is the sheer scale of the scam.

Author: /time Magazine | Title: Putting Bernie Madoff On The Couch | 12/31/2008 | See Source »

Nevertheless, the Gongs' living standards don't exactly fit into the Chinese definition of frugality. They live in a cozy two-bedroom apartment in downtown Dagang and drive to work every day in a Kia Cerato that, according to Gong, about 70% of the locals still deem a luxury. But...

Author: /time Magazine | Title: China's Consumers: Not Ready to Save the World | 12/29/2008 | See Source »

In short, Birkett claimed, Lisa Madigan attempted to dislodge her rival, whom she never endorsed during his 2006 re-election bid, from office. Well before the Blagojevich case broke, her office opened probes into hiring practices in the governor's office - an investigation she reportedly turned over to the feds...

Author: /time Magazine | Title: An Illinois Dynasty Versus Blagojevich | 12/26/2008 | See Source »

Perino, Dana •New York Times assignment of blame to Bush for mortgage crisis provokes statements of displeasure by

Author: /time Magazine | Title: Paul Slansky's Weekly Index of the News | 12/26/2008 | See Source »

The other person suddenly not taking risks is Obama. He hired old, experienced staffers--one of whom is so old, he was, impossibly, the Fed chairman before Alan Greenspan. It is possible that he's vetting people from Lincoln's Cabinet. Obama's economic scheme isn't to buy up...

Author: /time Magazine | Title: The Year of Living Stupidly | 12/17/2008 | See Source »

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