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Bernfeld notes that DiPascali appeared in response to a criminal-information hearing rather than to a grand-jury indictment. This usually means the person has taken a plea and is cooperating with prosecutors to get leniency in sentencing, he says. "Is he going to take down the remaining house of cards? I can't say that, but I would think he could be a significant player in the mosaic," says Bernfeld...

Author: /time Magazine | Title: Madoff Exec Pleads Guilty, Says Insiders Knew of Fraud | 8/11/2009 | See Source »

Back then, amateur was an entirely positive adjective. An amateur pursuit meant something that one pursued - a field of study, an artistic enterprise, a craft - not unseriously, but out of love rather than merely to earn a living...

Author: /time Magazine | Title: The Avenging Amateur | 8/10/2009 | See Source »

...Once I arrived in his rather provincial hometown of Osnabrück, I subsisted largely on bread, cheese, and cold cuts. I had just visited my family the previous week, and after a few days abroad, my palate already yearned for a taste of home. So one evening, I volunteered to make honey-soy salmon and lettuce wraps for a party of seven, despite Osnabrück being the last place appropriate for my first foray into Asian-inspired cooking...

Author: By Lena Chen | Title: Eating In | 8/10/2009 | See Source »

Iran's postelection turmoil has left Ahmadinejad politically weakened, and his focus in the coming weeks will be on assembling a government and stabilizing a divided regime, rather than on seeking a compromise with the Western powers he blames for the election debacle. "Iranians have never responded well to deadlines and red lines," says Farhi, "and there's no reason to believe they will...

Author: /time Magazine | Title: Sanctions Unlikely to Stop Iran's Nuclear Quest | 8/10/2009 | See Source »

...economic well-being of the Iranian people has never been a first-tier priority for the Iranian regime," says Carnegie Endowment Iran analyst Karim Sadjadpour. "The last three decades have shown us that this regime is willing to endure tremendous hardship rather than compromise for reasons of economic or political expediency...

Author: /time Magazine | Title: Sanctions Unlikely to Stop Iran's Nuclear Quest | 8/10/2009 | See Source »

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