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On the surface, Madoff's funds were supposed to be low-risk investments. His largest fund reported steady returns, usually gaining a percentage point or two a month. The funds' stated strategy was to buy large cap stocks and supplement those investments with related stock-option strategies. The combined investments...

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

“The scholar’s risk can be related to their work, their religion, their political beliefs, really anything about their identity or who they are or what they do,” said Lauren W. Herman, program coordinator of the University Committee on Human Rights Studies...

Author: By Elyssa A. L. Spitzer, CRIMSON STAFF WRITER | Title: Harvard Shelters Eastern Scholar | 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...

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

Factory closures in the manufacturing regions of southern China are now a daily event, and local governments have stepped in to pay the wages of some workers left jobless after bosses have fled. Courts in the Guangdong province toy hub of Dongguan are reportedly working without days off to handle...

Author: /time Magazine | Title: China's Exports Unexpectedly Fall | 12/11/2008 | See Source »

Analysts are hard-pressed to predict which might be the first to go. The automobile sector is a priority industry for the Chinese government, and many carmakers are already heavily backed by the state, which could aid to keep local champions afloat through the downturn. This week Chery, one of...

Author: /time Magazine | Title: China's Booming Car Market Shifts into Reverse | 12/11/2008 | See Source »

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