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...became sort of a lazy reviewer tool or label. And a number of writers were labeled minimalists. It became somewhat pejorative when it was more widely used some years back, and the person who came up with the more accurate term was Ray Carver, who said, “Well, you’re actually a precisionist!” He included me and a couple others, including Mary Robison, and himself. We’re precisionists. It wasn’t about what we left out, although that can be important too, but that’s the description...

Author: By Jyotika Banga, CONTRIBUTING WRITER | Title: 15 Questions with Amy Hempel | 10/22/2009 | See Source »

...successfully prosecute a person who receives insider information and then trades on it (such as a hedge-fund manager), the government must show that the person knew the information came from a breach of duty. In the case of Rajaratnam's alleged Google stock tip, he didn't talk to the source of the information directly but rather to a middleman informant. That middleman purportedly told Rajaratnam who the tipster was - thus revealing the breach of duty. For that particular charge, that communication is key. (See pictures of crime in Middle America...

Author: /time Magazine | Title: Arrests Open a Window on Hedge-Fund Culture | 10/21/2009 | See Source »

Hill thinks too that his experience has changed him as a person. The sheer difficulty of his day-to-day routine, he notes, has built a lot of character, and Hill knows he would not be the same person without...

Author: By Charlie Cabot, CONTRIBUTING WRITER | Title: Hill Goes To Great Lengths To Play | 10/21/2009 | See Source »

...Many Republicans have made clear that they won't. "I don't know a single person who wants to see disbursements decreased," said Senate Minority Leader Mitch McConnell in a speech on the Senate floor Monday. "But we shouldn't do it by racking up more debt on the government's credit card...

Author: /time Magazine | Title: Latest Threat to Health Reform: Docs' Reimbursement | 10/21/2009 | See Source »

...Rajaratnam, the world's 559th richest person according to Forbes magazine at an estimated worth of $1.3 billion, has long faced suspicions of financial misconduct in the island nation where he was born in 1957. He has been accused of being a supporter of the now-defunct Liberation Tigers of Tamil Eelam (LTTE) and of using his financial strength to gain a foothold on the Sri Lankan stock market and manipulate it to suit Tiger strategies to undermine the Sri Lankan economy. Though he has not faced any formal charges in Sri Lanka, Rajaratnam and the Galleon Group, the hedge...

Author: /time Magazine | Title: Inside Trader Has Long Faced Scrutiny in Sri Lanka | 10/20/2009 | See Source »

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