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...Once Madoff is imprisoned or dies, the circus of press coverage will die down. We will be left with only our memories of him and several dozen biographies that will come on and off the best seller list in a matter of months. (See a brief history of Ponzi schemes...

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

...sniping between the two giants of Texas politics has already begun. Hutchison has said state government needs a long-overdue "scrubbing," while Perry has suggested her vote for the $700 billion Wall Street federal bailout reflects a "Democrat Lite" approach to economic hard times. At a press conference to unveil a pro-life auto-license plate, Perry intimated that his potential opponent has been less than 100% supportive of pro-life policies. Hutchison, whose position on abortion has been described as "nuanced" by conservative columnist George Will, has supported federal funding for stem-cell research and opposed federal funds...

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

Read "Despite the Economy, Obama Vows to Press Green Agenda...

Author: /time Magazine | Title: Obama Cleans Up After Bush | 1/24/2009 | See Source »

...Business Secretary Peter Mandelson has the power to intervene in the deal but has indicated that he does not intend to do so. Lord Mandelson's social interaction with another oligarch, metals magnate Oleg Deripaska, attracted negative press commentary in the fall; the minister may prefer to keep a distance from the dealings of rich Russians. But Lebedev, still only 49, is no ordinary oligarch. He even rejects the label with its connotations of bling-bling lifestyle and financial secrecy, and in September confided to the Daily Telegraph that the economic slump had shrunk his fortune by two thirds...

Author: /time Magazine | Title: From Soviet Agent to London Newspaper Proprietor | 1/23/2009 | See Source »

...British magazine Tatler, as editor. Such a choice wouldn't signal an emphasis on hard news but an advisory board full of big hitters could certainly help to open doors. Names reported to be in the frame include Gorbachev and Tony Blair. His priority, Lebedev told a hastily convened press conference in Moscow, is to ensure the Standard's survival. "I don't want it to be said that some Russian idiot and former spy came along and bought it only for it to close down," he said. - with reporting by Yuri Zarakhovich / Moscow...

Author: /time Magazine | Title: From Soviet Agent to London Newspaper Proprietor | 1/23/2009 | See Source »

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