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...slump. "I cannot deny that if we had not been selling the market would have fallen less," he said, though he said he thought its effect had been "minimal." With the markets in turmoil, the dark-haired, slim trader slipped out of sight, surrendering to financial police only on Saturday afternoon. Kerviel remains in custody in Paris but so far faces no criminal charges. The clock is running however: by early afternoon Monday, police must either free him or present Kerviel to a judge for the opening of a full judicial investigation into charges of fraud...

Author: /time Magazine | Title: Behind the Trader's Market Chaos | 1/27/2008 | See Source »

...former President was actually the first Clinton to speak in the wake of Obama's triumph Saturday evening, and it only underscored how his outsized, vocal presence on the trail has threatened to overshadow his wife. Earlier in the day, Clinton had churlishly compared Obama's victory to that of Jesse Jackson in 1984 and 1988, a remark that will likely further fuel disaffection about the Clintons amongst African-American voters. There was evidence that Obama's victory was also a repudiation of the brand of hard-knuckled politics that both Clintons had brought to the South Carolina contest. Exit...

Author: /time Magazine | Title: Obama's Win Reshapes the Race | 1/26/2008 | See Source »

...South Carolina, a predominantly Republican state, a record of 532,227 voters showed up to help give Barack Obama a resounding win in the Democratic primary Saturday. By contrast, G.O.P. turnout in the South Carolina primary the week before fell from 573,101 in 2000 to about 431,000 - a drop of nearly...

Author: /time Magazine | Title: The Democrats' Turnout Triumph | 1/25/2008 | See Source »

...realized their mammoth problem last weekend. Société Générale chief executive of corporate and investment banking Jean-Pierre Mustier told reporters that he was "convinced [Kerviel] acted alone." Kerviel confessed to the elaborate fraud during a six-hour grilling by bank officials on Saturday night, according to the Daily Telegraph, which posted a photograph online of a slender, dark-haired man. Despite the weekend revelations, three days lapsed before executives suspended trading of Société Générale shares. They declined to tell reporters at Thursday's press conference...

Author: /time Magazine | Title: France's $7.2 Billion Hit | 1/24/2008 | See Source »

Despite its unassuming exterior, the long lines of young men waiting to get in most weekend nights hint at the action inside. On a recent Saturday night, hundreds of men milled around the outer rooms drinking and flirting. Around the tennis-court-size dance floor, an Eminem concert looped on half a dozen video screens as lasers and strobe lights pulsed over the throngs below...

Author: /time Magazine | Title: Postcard: Beijing | 1/24/2008 | See Source »

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