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...shut down James Ossie's high-flying currency trading outfit, CRE Capital Corp., based in Atlanta, and charged Ossie with allegedly bilking 120 investors out of $25 million. Not exactly Bernie-level action, but for investors who believed Ossie's "little-risk currency-trading contracts" pitch, it goes down as a dark day for their bank accounts...

Author: /time Magazine | Title: Beyond Madoff, Ponzi Schemes Proliferate | 1/23/2009 | See Source »

...carbon emissions by 2030 from 2005 levels, along with subsidies for coal plants that can capture CO2 and a market board to administer carbon offsets. And on Jan. 15, the leaders of USCAP - including GE head Jeffrey Immelt and DuPont chairman Charles Holliday - visited Capitol Hill to pitch their carbon-cutting blueprint. With Bush out of the way, it almost seemed likely. (See TIME's "Innovators of Renewable Energy...

Author: /time Magazine | Title: Raising the Bar on Fighting Climate Change | 1/23/2009 | See Source »

...elevated feet. There is a strong sense of wonder to the production, but it maintains a dark undercurrent that makes it more the stuff of Edward Gorey than Dr. Seuss. And so “Aurélia’s Oratorio” manages to stay pitch-perfect, with a few exceptions. In one of the weaker moments, a disco ball appears onstage, and the generally unobtrusive score switches to an accordion-inflected circus song with fairly raunchy lyrics. The segment is too patently weird, and it belies the elegant and understated nature of the rest of the production...

Author: By Molly O. Fitzpatrick, CONTRIBUTING WRITER | Title: 'Oratorio' A One Woman Wonder | 1/22/2009 | See Source »

...there seemed an inclination to delay some of the splashy foreign trips that will, in the end, be among the most memorable moments of the Obama presidency. The President will go to Europe in April to attend the next G-20 meeting on the global economic crisis. The steady pitch of crises and atrocities will demand his attention. There are crucial decisions to be made about the pace of withdrawal from Iraq and how many U.S. troops to add in Afghanistan. (Asked about the persistent reports from the Pentagon that up to 30,000 more troops are scheduled for Afghanistan...

Author: /time Magazine | Title: Obama Promises New Destiny, Work Begins Today | 1/21/2009 | See Source »

...first land this gig? I was the stadium announcer at the old Griffith Stadium in 1956. On opening day, it's tradition here in Washington for the President of the United States to throw out the first ceremonial pitch. So as the announcer, I was down on the field. President Eisenhower was there to do the honors, and I had chatted with him for a couple of minutes. In November of that same year, I got a call from a woman who said, "Hi, I'm calling from the White House. You must have impressed somebody, because they asked...

Author: /time Magazine | Title: Inaugural Parade Announcer | 1/20/2009 | See Source »

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