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...Typhoons regularly sweep over Taiwan, but few living on the island today have seen anything like Morakot. It was the deadliest natural disaster to hit the island since a magnitude-7.3 earthquake struck in 1999, killing over 2,400. The storm dumped a year's worth of rain on the island in three days, leading to floods that left at least 136 dead and nearly 400 missing, as well as widespread damage...

Author: /time Magazine | Title: Postcard from Cishan | 8/31/2009 | See Source »

...continued ever since.) In fact, Letterman's monologues have doubled in length - from eight jokes a night to 16 or more - in the past year. "Sure, we'd love to see Obama trip on an Oriental rug," says Letterman writer Bill Scheft. "But there's plenty there. Have you seen those town-hall meetings...

Author: /time Magazine | Title: Comedy in the Obama Age: The Joking Gets Hard | 8/31/2009 | See Source »

...exchange salesmen and later in charge of all foreign-exchange business. Rubin, then on the firm's management committee and responsible for both risk arbitrage and J. Aron, had advised Winkelman against it. According to Charles Ellis' 2008 book about Goldman, The Partnership, Rubin told him, "We've never seen it work to put salespeople in charge of trading in other areas of the firm. Are you pretty sure of your analysis...

Author: /time Magazine | Title: The Rage Over Goldman Sachs | 8/31/2009 | See Source »

...with $59 last year; despite the economic downturn, leagues are upping their entry fees - and their cash prizes. Meanwhile, as companies are slashing ad budgets in most places, they are pouring funds into fantasy sites. Fantasy Sports Ventures, which owns or sells advertising for some 500 such sites, has seen revenue double year over year. Says CEO Chris Russo: "Companies want access to an audience that's passionate and engaged...

Author: /time Magazine | Title: Fantasy Football: Is It Going to Our Heads? | 8/31/2009 | See Source »

Harvard Law School’s Legal Services Center, which provides low-income Boston-area clients with free or reduced fee lawyering and students with law practice experience, has recently seen its budget cut by roughly a third, and four of its 13 clinics have been relocated to the Law School’s Cambridge campus from Jamaica Plain.Three of the four clinics that moved in mid-August facilitate community business development and comprise the Community Enterprise Project (CEP), and the fourth aids families with children who have been exposed to family violence, according to Elaine McArdle, spokeswoman for HLS?...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: HLS Clinics Face Cuts | 8/30/2009 | See Source »

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