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...favorite theme of Einhorn's. "The authorities are good at cleaning up fraud after the money's gone," he writes in his new book, Fooling Some of the People All of the Time. But they "really don't know what to do about fraud when they discover it in progress." Einhorn's Greenlight Capital manages $6 billion, most of it invested in stocks that Einhorn actually likes. But Greenlight also makes money short-selling the stocks he doesn't like. Six years ago, Einhorn stood up at a charity event and recommended shorting Allied Capital, a finance company that...

Author: /time Magazine | Title: The Crusading Hedge-Fund Manager | 6/19/2008 | See Source »

...Gates has been cagey about his future. He told CNN he would "never say never," but said staying on in the job was "inconceivable." However, with two wars in progress and the difficulty in getting new Cabinet (and staff) members confirmed quickly, there is a strong desire in the military community for continuity in the civilian leadership of the Pentagon. Associates say Gates might stay if he believed the security of the troops was at stake. The political rationale for a "team of rivals" government is compelling for Obama - it would be the freshest way to turn the page after...

Author: /time Magazine | Title: Joe Klein: Obama's Team of Rivals | 6/18/2008 | See Source »

...course, science is always making progress. You read a lot about these very special rodents, animals we call "transgenic animals." [That means] if you're studying diabetes, the mice have diabetes, so you can go right to specific disease targets in a much more expeditious way that you could in the old days. In the old days you just hoped they got diabetes. Also, as the scientific community is understanding more and more about the genome, whether it's the human genome or the fruit fly genome, they're better able to identify gene markers, to target them and start...

Author: /time Magazine | Title: How Much Does Animal Testing Tell Us? | 6/17/2008 | See Source »

...Clearly these planets are only the tip of the iceberg," he told the conference. "Does every single star harbor planets? We may not know the answer, but we are making progress...

Author: /time Magazine | Title: More Planets Like Earth? | 6/17/2008 | See Source »

...difficult peace process, was closed down to ensure the safety of the leader of the Free World. Still, the U.S. has taken a key role in promoting peace in Northern Ireland, with Bush building on the legacy of his predecessor, Bill Clinton, just as Brown has cemented the progress made by Blair. In this corner of the globe at least, history is likely to look kindly on these two leaders. With reporting by Chris Thornton/Belfast

Author: /time Magazine | Title: Leaving Europe, Bush Eyes Legacy | 6/17/2008 | See Source »

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