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...Indeed, Richards and his partners got a bit of unexpected good news in mid-March. A newly released report uncovered accounting tricks at Lehman Brothers, causing many to compare the defunct investment bank, which failed in September 2008, to Enron. That put the energy company, at least briefly, in the headlines again. And Lehman Brothers is in the play as well, portrayed by two actors in an overcoat as a Siamese twin. "It's a play about our society and the way it attracts greed and corruption," says Richards. "Enron was the beginning." (See a TIME cover story about Enron...
...long-neglected other masterpiece, published 17 years before The Wealth of Nations, in 1759. I recently cracked open a new 250th-anniversary edition, complete with a lucid introduction by economist Amartya Sen, in hopes that it would make clearer how we ought to organize our economy. (See a special report on important economists...
After returning to Los Angeles, Breitbart met Matt Drudge, founder of the conservative Drudge Report. It was the mid-1990s, and the Web was in its infancy. Breitbart went to work for Drudge and served as his legman for 15 years, learning how to excavate news items from databases and wire-service feeds. More than that, he adopted Drudge's contrarian worldview. "Matt rejects entrenched thinking," says Breitbart. If Drudge (who did not respond to messages seeking comment about his protégé) taught Breitbart a new way of seeing, it was another former employer, Arianna Huffington (who also...
According to its most recent report, HMC decreased capital commitments by $3 billion and restructured the policy portfolio to include a positive cash position starting in fiscal year...
...opposite. AIPAC activists swarmed Capitol Hill on Tuesday to lobby legislators to push the Obama Administration to take an even tougher line on Tehran. So, as things stand, Secretary Clinton - or whomever the Administration taps to address next year's AIPAC policy conference - may not have much progress to report on the Iran front...