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...things go according to plan, Madoff, 70, will spend the rest of his life behind bars at a federal prison. The Bureau of Prisons decides where a criminal ends up, based on a formula and any special security needs. One possible spot is a medium-security facility in Otisville, N.Y. Often referred to as Club Fed, the prison is located 70 miles northwest of New York City and generally handles white-collar criminals from the Southern New York Judicial District...

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

...options left to save the banks, government officials might see a change to mark-to-market rules as the most promising way remaining to bolster the banks and their bottom lines. What's more, relaxing the accounting requirement might make it easier for Treasury to iron out a plan to remove toxic assets from bank balance sheets...

Author: /time Magazine | Title: Will a Mark-to-Market Fix Save the Banks? | 3/11/2009 | See Source »

Fahmy's ambitious plan is to establish a top international jewelry brand. Since expanding outside Egypt in 2002, eight Azza Fahmy outlets have opened from Dubai to Jordan, where Queen Rania is a fan, as well as in London. Fahmy now employs 180 designers, artisans, marketers and consultants. Pieces sell for between...

Author: /time Magazine | Title: Fertile Waters: Azza Fahmy and Julien Macdonald | 3/11/2009 | See Source »

...Obama announced a series of major reforms to the American public education system. In an address to the Hispanic Chamber of Commerce, he proposed increased spending for the hiring of new teachers as well as greater funding for Head Start and other early childhood education programs. Especially promising, his plan would institute merit pay for teachers in up to 150 school districts, lift the limits on charter schools that exist in some states, and make it easier for schools to fire underperforming teachers. We are encouraged by President Obama’s commitment to the innovative policies he proposed during...

Author: By The Crimson Staff | Title: Back to the Chalkboard | 3/11/2009 | See Source »

...turning out new education methods. Many large cities, including New York and Los Angeles, have seen significant improvement in education quality thanks to the proliferation of charter schools. Illogically, 26 states cap the number of charter schools that can be operated within their borders. President Obama’s plan would lift these limits, which, in his words, are “not good for our children, our economy, or our country...

Author: By The Crimson Staff | Title: Back to the Chalkboard | 3/11/2009 | See Source »

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