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...things that made Madoff an attractive figure was that charities benefited from his investment management nearly as much as his wealthy clients did. This was not unlike the unwritten rule at Bear Stearns that partners were to give a large portion of their bonuses to charity. The collapse of Madoff's funds and Bear destroyed what the heads of non-profits had believed for years, which is that the wealthy in society would always be generous enough to help the less fortunate...

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

...consuming classes in these countries never looked like the ones in the U.S. They were not large enough to buy up a significant portion of what their nations produced, at least until recently. As a group, these middle classes were also new, created in just the last three decades. (See pictures of the global financial crisis...

Author: /time Magazine | Title: Asia Falls Apart All at Once: Korea, China, and Japan | 1/22/2009 | See Source »

...Circuit City shifts the risk to the liquidators. Sure, the company is offering the liquidators $1.7 billion worth of electronics at a very deep discount. But Circuit City now has $800 million to give its creditors. Plus, the deal is usually structured so that the bankrupt company sees some portion of the liquidator's profit...

Author: /time Magazine | Title: How Liquidators Profit from Circuit City's Loss | 1/22/2009 | See Source »

...bill really doesn't fit into what the Democrats [have] been talking about all along as timely, targeted and specific," Senator John Thune, a South Dakota Republican, lamented to another group of reporters around the corner, 20 minutes later. "It would take a significantly larger portion of tax relief to attract the support of a lot of Republicans...

Author: /time Magazine | Title: Economic Stimulus Plan Hits Bipartisan Obstacles | 1/22/2009 | See Source »

Either way, Morales' main concern is that a larger portion of the lithium profits remain at home to better the lives of people for whom electricity and paved roads are rare and electric cars non-existent. "We are very excited about the prospects," says Delia Alejo of the Southern Highland Regional Federation of Women Peasants, which represents the farmers of Rio Grande, near the pilot plant. "This is going to bring great development." It could if Americans are as serious as they say about trading in an old foreign energy supply...

Author: /time Magazine | Title: For Lithium Car Batteries, Bolivia Is in the Driver's Seat | 1/22/2009 | See Source »

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