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While many other boutique brokerage firms sold out to larger firms, Madoff Securities stayed a family business. Madoff for years ran the firm with his brother Peter. More recently, much of the market-making division was headed by Madoff's two sons, Andrew and Mark...

Author: /time Magazine | Title: Wall Street's Latest Downfall: Madoff Charged with Fraud | 12/12/2008 | See Source »

...smoke that clogged her throat and the soot that burned her eyes, Roxanna groped along the molding of the walls until she reached the door. Air! She sucked in great lungfuls of it as she ran as fast and far away as she could from that house of sin. She stopped finally on a hilltop overlooking the manor, unable to run anymore. Her head was light from all the smoke, but her body felt heavy and pendulous...

Author: By Lesley R. Winters, CRIMSON STAFF WRITER | Title: THE STABLE BOY | 12/12/2008 | See Source »

...country's two main political parties, the Awami League (AL) and the Bangladesh Nationalist Party (BNP). The interim government rode into power on a tidal wave of popular anger and exasperation with the AL and the BNP and their demagogic, warring leaders, Sheikh Hasina and Khaleda Zia, who ran these behemoth parties as their personal fiefs. Both Hasina and Zia were arrested and imprisoned, charged on various counts of graft and abuse of power. Some of their closest political allies were also convicted of corruption as the caretaker government vowed to shake things up in Dhaka...

Author: /time Magazine | Title: Bangladesh: Ready to Vote Again | 12/12/2008 | See Source »

Then in 2002, Blagojevich ran for the governorship, casting himself as a populist, tax-cutting antidote to Illinois' long tradition of corrupt politics. Indeed, the previous governor, George Ryan, had been fighting that reputation and in 2003 was charged with and later convicted of corruption. Blagojevich had a striking public image to go with his reformist politics. Short and fit, with a shock of dark brown feathered hair, he wore sharply cut suits that some of his admirers said looked pulled out of GQ. He also had his father-in-law's help with strategy, and he became the first...

Author: /time Magazine | Title: The Fall of the House of Blagojevich | 12/11/2008 | See Source »

...Blagojevich and charges that he tried to sell Obama's place in the U.S. Senate, which the governor has the right to fill by appointment. A Senate seat would have been a perfect way for Jackson to further distinguish himself from his father, the Rev. Jesse Jackson, 67, who ran for the Democratic nomination for President in the 1980s. Congressman Jackson, however, is now fighting to make sure that his political ambitions, if not his career, survive this tangle with controversy and alleged corruption. A day after the Blagojevich scandal broke, Jackson's attorney admitted that the Congressman...

Author: /time Magazine | Title: Jesse Jackson Jr.: The Trouble with Being Candidate 5 | 12/11/2008 | See Source »

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