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...billion-dollar Ponzi scheme. And that's exactly the crime that Rothstein, 47, has told a judge he'll plead guilty to later this month. Federal prosecutors have charged Rothstein with swindling investors out of $1.2 billion over the past decade, a scam in which he got them to plow money into lucrative, securitized lawsuit settlements that usually turned out to be nonexistent. The alleged crime wasn't as massive as New York City financier Bernard Madoff's recent $50 billion Ponzi con, but the Mini-Madoff scheme has slapped the Sunshine State, already reeling from myriad corruption scandals...

Author: /time Magazine | Title: Florida's Mini-Madoff: Scott Rothstein's Fall | 1/18/2010 | See Source »

What ever happened to David Mamet? It may seem an odd question to ask about a playwright who is so constantly with us. No fewer than three of his plays--American Buffalo, Speed-the-Plow and Oleanna--have been revived on Broadway in just the past year or so. His terse, fragmented, elliptical dialogue; his rogue's gallery of hustlers, con men and losers; his twisty, shaggy-dog plots; his cynical take on the American dream--Mamet's style and themes have seeped into nearly every pore of American theater. (Non-American theater too: Martin McDonagh, whose Irish black comedies...

Author: /time Magazine | Title: The Downward Spiral of David Mamet | 1/11/2010 | See Source »

...what the Salahis seem to understand that Woods did not is that in our world, attention is like gravity: a force that you cannot command to cease. Fight it, and it will plow you under. Ride it, like a downhill skier or a skydiver, and - well, you may still crash. But you'll make a very photogenic wreck...

Author: /time Magazine | Title: Tiger and the Salahis: Two Kinds of Celebrity Crash | 12/3/2009 | See Source »

...figure that out, we have a useful analogy close at hand: FarmVille. There are two ways to move ahead in the game. One is to grind, as it's known--plow, plant and harvest. Once you've grown, say, eggplant, you accumulate enough points to move up to a wider choice of crops. You invite friends to be your neighbors. You exchange gifts and help out, all of which let you accrue the capital you need to expand your farm, thus making it ever more remunerative...

Author: /time Magazine | Title: Troubling Rise of Facebook's Top Game Company | 11/30/2009 | See Source »

...those early years, curmudgeons did their best to rain on the parade. A 1904 letter to the editor urged the New York Times to speak out against the "evil" practice, suggesting that parade horses spooked by falling ticker tape might plow into the crowd on the sidewalk and cause "disaster." (A few years later, an overzealous reveler reportedly neglected to tear the pages out of a phone book and instead threw the whole thing out the window; it struck a passerby and knocked him unconscious.) By 1926, New York Stock Exchange officials had grown concerned about the cost of tossing...

Author: /time Magazine | Title: Ticker-Tape Parades | 11/6/2009 | See Source »

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