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...would have a difficult time reversing course on what is now a stated policy of his Administration instead of simply a campaign promise. And any move to produce new nuclear weapons will be read by other nations as a U.S. push for nuclear supremacy, even as Washington urges the rest of the world - Tehran, are you listening? - to do without the weapons. Russia would very likely respond by upgrading its own arsenal...

Author: /time Magazine | Title: Obama's Showdown Over Nukes | 1/26/2009 | See Source »

Then there's Vail. Having known about the big upcoming losses, Thain nevertheless went ahead with a previously planned vacation to the Colorado ski resort, where he has a place. You really can't blame the guy - conditions were awesome! Vail and the rest of Colorado got absolutely hammered with snow in December. And if you've ever been in the back bowls at Vail in a foot of fresh powder, you can understand Thain's thinking: Let's see, I can ski in perfect conditions in one of the most beautiful places in America or I can stay...

Author: /time Magazine | Title: The Deeper Truth About Thain's Ouster from BofA | 1/25/2009 | See Source »

...first half. The run erased Harvard’s seven-point lead, its largest, which came five minutes into the game. Dartmouth was able to score, seemingly at will, with short jumpers and aggressive drives to the basket. The Crimson was left playing catch-up the rest of the way and finally fell short in overtime...

Author: By Lucas A. Paul, CRIMSON STAFF WRITER | Title: WEB UPDATE: Harvard Disappointed in Overtime Loss | 1/25/2009 | See Source »

...possible scenario under the many current agreements could have the Treasury exercising its warrants for non-voting shares, Fiat raising its stake to 55%, Daimler holding onto its share, and Cerberus and the executives holding the rest. Or, nobody could choose to exercise their rights, and Cerberus would remain the majority owner. (See the 50 worst cars of all time...

Author: /time Magazine | Title: So Who Owns Chrysler Now? | 1/23/2009 | See Source »

Forte may not have had Madoff's years of experience, but his instincts were dead-on: of the $50 million in investor monies, the SEC says Forte deposited $26 million, withdrew $23 million, took $12 million for himself, and gave the rest to early investors, a formula considered the Ponzi gold standard. Forte did not return phone calls to comment on his case. He appeared in court without a lawyer, according to local reports...

Author: /time Magazine | Title: Beyond Madoff, Ponzi Schemes Proliferate | 1/23/2009 | See Source »

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