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...some universities' special Match Day traditions: "On the third Thursday in March, medical schools across the country held gatherings to unveil the computer's results. Some schools waited for the designated hour, then unleashed the students to retrieve the envelopes with their results and braced for a stampede. Others, including Vanderbilt University, called students at random to the front of a lecture hall. On the way, each students dropped a dollar bill into a fishbowl as compensation for the suffering that the last person was to endure while waiting. One by one, they received and opened their envelopes, leaned into...

Author: /time Magazine | Title: Match Day: Young Doctors in Hell | 3/12/2009 | See Source »

...financial statements with the SEC. I knew that these audit reports and financial statements were false and that they would also be sent to clients. These reports, which were prepared here in the Southern District of New York, among things, falsely reflected my firm's liabilities as a result of my intentional failure to purchase securities on behalf of my advisory clients...

Author: /time Magazine | Title: Bernard Madoff's Full Statement to U.S. District Court | 3/12/2009 | See Source »

Almonds are a huge business in California's Central Valley; the state's 660,000 nut-producing acres are responsible for some 90% of the world's crop. Every almond we eat is the result of multiple acts of pollination; without a massive number of bees to flit among the blossoms, growers say, almond trees would produce scarcely a tenth as many nuts. That's why, every February, more than a million beehives--with a total of some 20 billion bees--are shipped in on flatbed trucks from all over the country. (Video: TIME visits the buzzing almond orchards...

Author: /time Magazine | Title: Postcard from Hughson | 3/12/2009 | See Source »

...budget on top of all the money that has already been spent; those who are up for re-election next year may be particularly inclined to vote against the budget because of voter anger, which thus far seems directed solely at Congress rather than the popular President. As a result, Obama and his Administration rarely let a day go by without underscoring their commitment to fiscal responsibility - just as soon as they can afford it. "Of course, like every family going through hard times, our country must make tough choices," Obama said on Saturday in his weekly radio address...

Author: /time Magazine | Title: Can Obama Keep Moderate Dems in Line on His Budget? | 3/11/2009 | See Source »

Pakistan's political turmoil has deepened as a result of a government crackdown on opposition groups across two provinces. In a desperate attempt to halt next week's lawyer-led "long march" for the reinstatement of deposed judges, police and intelligence officials carried out early-morning raids across Punjab and Sindh, arresting more than 300 lawyers and political activists. All major entry points to the capital, Islamabad, have been blocked by either large containers or manned checkpoints. As human-rights groups denounce the moves, political observers wonder how much longer the already shaky government of President Asif Ali Zardari...

Author: /time Magazine | Title: In Pakistan, Zardari's Crackdown Betrays Weakness | 3/11/2009 | See Source »

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