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...James Madison said in a speech before the Constitutional Convention "All men having power ought to be distrusted to a certain degree." While almost every person involved in the frenzied financial expansion knew that, it was conveniently forgotten when almost everyone was making money. What the financial community learned from the Madoff scandal is that some people were not making money at all during the great capital bonanza of the last half decade. Prosperity was in tremendous supply because people wanted it to be. Madoff was "making" billions of dollars while actually losing billions. His fund was a pool...

Author: /time Magazine | Title: Farewell To Madoff, Who Leaves Us Too Soon | 1/26/2009 | See Source »

...opaque about her plans. Already some well-known GOP names in Texas have announced they will run for Hutchison's seat whenever she moves on. They include Republican railroad commissioners Michael Williams and Elizabeth Ames Jones. Hutchison's resignation would allow Perry to name her replacement, supposedly giving that person an advantage in a special election. But special elections in Texas have an unpredictable quality. In 1961, after Lyndon B. Johnson's move from the Senate to the vice presidency, Republican John Tower emerged from among 70 contenders to win a seat he went on to hold for 24 years...

Author: /time Magazine | Title: Bush Returns to a Divided Texas Republican Party | 1/25/2009 | See Source »

...Each animal in the zodiac is associated with its own element - metal, wood, earth, water or fire - while each year is assigned an element. The combination of these two elements is said to define a person's personality. For example, 2009 is the year of the earth ox, but the ox's fixed element is water; the mix of the two elements, earth and water, is believed by some to be a destructive blend...

Author: /time Magazine | Title: The Chinese Zodiac | 1/25/2009 | See Source »

...trigger an immune response or start to migrate away from the spinal-cord area. "There are certainly unknowns that we can't predict," says Dr. David Scadden, co-director of the Harvard Stem Cell Institute. "We don't know whether or not these cells might grow abnormally in a person. We don't know if things might occur just by these cells being present that could result in an outcome we don't want. This really is a first go, with a lot on the line...

Author: /time Magazine | Title: Cautious Optimism for the First Stem-Cell Human Trial | 1/24/2009 | See Source »

...TIME's Person of the Year, People Who Mattered and more...

Author: /time Magazine | Title: Playboy Shows Signs of Withdrawal | 1/24/2009 | See Source »

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