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...politics is poker, the best players know when to double down and when to cut their losses. For Italian Prime Minister Silvio Berlusconi, a sex scandal that had dogged him for months seemed to be finally quieting by late July. Though his reputation was stained, his popularity was solid and it seemed time to put the controversy behind him and get back to trying to run the country...

Author: /time Magazine | Title: An Offended Berlusconi Goes on the Offensive | 9/6/2009 | See Source »

...There would be a backlash to Congress bailing out billionaires who lost a few hundred million as a result of the Madoff scandal," says Evans. "But there are people who are affected by the Ponzi scheme who I think we all agree are deserving of a helping hand...

Author: /time Magazine | Title: After Its Madoff Report, Can Victims Sue the SEC? | 9/3/2009 | See Source »

...thus far seen no evidence of government corruption in the videos, it would investigate the matter "thoroughly, aggressively and fairly." On Wednesday, Ecuadorian justice officials announced they were opening an investigation into the possible government corruption, as well as whether the videotaping had violated laws. In any event, the scandal promises to delay the completion of a trial that has already spanned two decades and two continents. It began in the early 1990s in New York, after settlers and indigenous tribes in the Amazon oil towns of Coca, Lago Agrio and Shushufindi accused Texaco - which was bought by Chevron...

Author: /time Magazine | Title: Ecuador vs. Chevron: Do the Videos Implicate the Judge? | 9/3/2009 | See Source »

Chevron executives have been under increasing pressure from shareholders who are fearful of an unfavorable verdict. But the scandal probably has the Correa administration chafing as well, especially since a tainted legal system could compromise its efforts to win most-favored-nation trade status from the U.S. Congress this year...

Author: /time Magazine | Title: Ecuador vs. Chevron: Do the Videos Implicate the Judge? | 9/3/2009 | See Source »

...showered with perks ranging from new city halls and police stations in their home districts to the right to appoint prison wardens and contractors for public works projects - which can lead to lucrative kickbacks. Indeed, Uribe's original reelection drive four years ago was marred by a vote-buying scandal that led to the conviction and imprisonment of two lawmakers...

Author: /time Magazine | Title: Colombia: A Snag in Uribe's Re-Election Steamroller | 9/2/2009 | See Source »

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