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...Roosevelt was not the only younger sibling of an eventual President to cause his family heartaches-or at least headaches. There was Donald Nixon and the loans he wangled from billionaire Howard Hughes. There was Billy Carter and his advocacy on behalf of the pariah state Libya. There was Roger Clinton and his year in jail on a cocaine conviction. And there is Neil Bush, younger sib of both a President and a Governor, implicated in the savings-and-loan scandals of the 1980s and recently gossiped about after the release of a 2002 letter in which he lamented...

Author: /time Magazine | Title: The Power of Birth Order | 10/17/2007 | See Source »

Three Harvard graduates won the Nobel prize in economics on Monday for their work using game theory to explain the best method for allocating resources. The prize committee honored the trio of Leonid Hurwicz, Eric S. Maskin ’72, and Roger B. Myerson ’73 for “having laid the foundations of mechanism design theory.” Myerson and Maskin are graduates of the College, and all three hold degrees from the Graduate School of Arts and Sciences. Maskin and Myerson met during their undergraduate years at Harvard, where they concentrated in mathematics...

Author: By Daniel P. Robinson, CONTRIBUTING WRITER | Title: Grads Snag Economics Nobel | 10/17/2007 | See Source »

...technocratic and specialized court. The Roberts Court exemplifies a striking change in the anthropology of the high tribunal. For much of the institution's history, Justices arrived from diverse backgrounds. Some were distinguished lawyers in private practice, such as Louis Brandeis and Lewis Powell. Some were presidential advisers--like Roger Taney, James Byrnes and Abe Fortas. Dwight Eisenhower put Earl Warren in the job after the then Governor locked up California for Ike in 1952. There have been relatively obscure state-court judges like William Brennan and Sandra Day O'Connor, law professors like Felix Frankfurter and even a former...

Author: /time Magazine | Title: The Incredibly Shrinking Court | 10/11/2007 | See Source »

...Balenciaga designer Nicolas Ghesquire cut old-fashioned floral-printed radzimir, the heavy silk once used for mourning garments, with a laser and then bonded it with the flexible, breathable high-tech fabric commonly found in extreme-sports apparel. The dresses will retail for $7,000. At Roger Vivier, a pair of chiffon-and-leather sandals, braided and painted by hand, will ring in at $4,000--and only three pairs will be made. "Where is the luxury if you see things everywhere?" asks Claudio Castiglioni, the global CEO of Tod's group, which owns the Vivier brand. Indeed, where...

Author: /time Magazine | Title: Art Lessons | 10/11/2007 | See Source »

...Roger Barrett, founder of the Beijing-based Korea Business Consultants and one of the few Westerners to regularly do business in Pyongyang, says the North seems eager to court new investment. "The D.P.R.K. government is very keen to demonstrate that joint ventures are welcomed," he says. Barrett, who has been facilitating business deals in the North for more than a decade, compares the country's current condition to that of South Korea's before it emerged from military rule to become one of the world's export powerhouses. "You start to see how North Korea can move along in similar...

Author: /time Magazine | Title: Risky Business | 10/11/2007 | See Source »

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