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Other conditions such as bipolar or manic disorders may be involved as well, particularly since they are characterized by grandiosity and impulsiveness, with little regard for consequences. But grandiosity and impulsiveness can also be self-limiting, and lead to smaller-bore crimes that don't require the patience and plotting of a Ponzi scheme. Madoff, says Galietta, "was very planful...

Author: /time Magazine | Title: Putting Bernie Madoff On The Couch | 12/31/2008 | See Source »

...Bailing Out the Big Three With regard to Bill Saporito's story, I have no sympathy for the Big Three automakers [Dec. 15]. For decades, Ford, GM and Chrysler fiercely opposed restructuring and green technology while egregiously mismanaging their businesses. The only reason they've gotten religion is that they're on the verge of bankruptcy. Mark Stuart Ellison, BROOKLYN...

Author: /time Magazine | Title: The Road to Mumbai's Tragedy | 12/29/2008 | See Source »

...Nobel year, 2005, when he was wracked with infirmities, he could still distinguish politics from life. "When my wife Antonia is pouring my cranberry juice in the morning," he said, "I don't regard that as a political act. Nor am I thinking politically at the time, though I do have the Guardian to my left hand and the cranberry juice to my right. But Antonia's act of passing the cranberry juice to me is an act of married love. I should say that, without her, I couldn't have coped over the last few years...

Author: /time Magazine | Title: The Pinter of Our Discontent | 12/25/2008 | See Source »

...increasing tide of grimmer and grimmer statistics that seem to portray an economy in free fall. China will have its hard landing in 2009, and even the most optimistic economists now concede that GDP growth will be far below the 8% annual pace that Chinese economists and officials generally regard as the minimum necessary for the preservation of social order, possibly hitting 5% or under...

Author: /time Magazine | Title: Will the Financial Crisis Bring Upheaval to China? | 12/25/2008 | See Source »

...urging them to join his country's effort to help the U.S. close down Guantánamo. "The time has come for the European Union to step forward," Amado said in his letter. "We should send a clear signal of our willingness to help the U.S. government in that regard, namely through the resettlement of detainees...

Author: /time Magazine | Title: Portugal's Offer to Help the US Close Guantánamo | 12/18/2008 | See Source »

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