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...While the alleged crimes are not novel, the size and scope of Mr. Madoff's fraud are unprecedented," Dassin said. "As a result, Mr. Madoff faces 150 years in prison, mandatory restitution to the victims of his crimes, forfeiture of his ill-gotten gains and criminal fines. The government has not entered into any agreement with Mr. Madoff about his plea or sentencing. The filing of these charges does not end the matter. Our investigation is continuing...

Author: /time Magazine | Title: No Deal for Madoff, As Victims Prepare to Face Him in Court | 3/11/2009 | See Source »

...writer lives long enough, and gets famous enough, then they eventually start to consider what will happen to all the story nuggets, novel fragments and character sketches tucked away in their hard drives and desk drawers. Some destroy their work themselves; others ask family members to do so; still others designate literary executors to handle their papers and dole them out to universities or libraries. (One hopes that the recently deceased and uncommonly prolific John Updike may have taken the last route.) But such wishes aren't always carried out to the letter. Emily Dickinson, who saw fewer than...

Author: /time Magazine | Title: Posthumous Literature | 3/10/2009 | See Source »

These practices date all the way back to Machiavelli's 16th Century The Prince, (and likely before) which wasn't published widely until four or so years after his death. Three centuries later, a trio of Jane Austen novels - Northanger Abbey, Persuasion and Love and Friendship - were released after the Pride and Prejudice author's death in 1817. Charles Dicken's final novel, The Mystery of Edwin Drood, remains unfinished; readers will never know what happened to its vanished main character. For a while, a mini-cottage industry arose around posthumous books by Ernest Hemingway - bullfighting tome The Dangerous Summer...

Author: /time Magazine | Title: Posthumous Literature | 3/10/2009 | See Source »

...while it's unfair to compare Bolano to Vladimir Nabokov - the author of Lolita, one of the English language's greatest novels - it is fair to say that a similar response will greet the publication of Nabokov's The Original of Laura, should it come out this November as expected. The problem is that Nabokov never wanted the book to be released in the first place; in his will, he'd instructed his son and executor Dmitri to destroy the manuscript. Dmitiri does not seem to be inclined to obey, setting off a debate over which is more important...

Author: /time Magazine | Title: Posthumous Literature | 3/10/2009 | See Source »

With leading economists predicting that the current recession will be the longest since World War II, families across America are looking for novel strategies to maximize their earnings. Enter Megan Basham, author of “Beside Every Successful Man”, whose controversial claim is that women, by quitting their jobs and applying their skills, education, and talent to advance their husbands’ careers, can achieve greater financial security for their families than with two incomes. Marketed to business savvy career women who desire a “slower-paced, more graceful, family oriented life...

Author: By Courtney A. Fiske | Title: “Beside Every Successful Man” | 3/9/2009 | See Source »

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