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Every year about this time, bluefish school off the New Jersey shore. For fishermen in the right spot, it's often a stunning abundance of fortune. One minute they're waiting patiently for a bite, and the next they can hook a bluefish with live bait, lures, a piece of baloney on a hook. The fish just can't help themselves...

Author: /time Magazine | Title: The Beautiful Side of New Jersey Corruption | 7/24/2009 | See Source »

...Soon enough, the feeding frenzy began. They got a mayor allegedly taking a bribe to get a construction permit. And then another. And then another. Do schools of corrupt mayors swim off the Jersey shore too? They got a rabbi picking up wads of cash in Brooklyn and laundering the money through a charity at his synagogue in Deal, N.J., on behalf of unknown persons in Israel. And as for petty officials of the Garden State - building inspectors, councilmen, deputy mayors and the like - you could imagine the FBI's relatively small office in Red Bank, N.J. frantically trying...

Author: /time Magazine | Title: The Beautiful Side of New Jersey Corruption | 7/24/2009 | See Source »

Earlier this year, the University's Chief Financial Officer Daniel S. Shore rejected this depiction of Harvard's finances, saying that the bond offering had been issued "quite competitively given market conditions at the time...

Author: By Athena Y. Jiang, CRIMSON STAFF WRITER | Title: Harvard Considers Swapping in Tighter Credit Line | 7/23/2009 | See Source »

Americans always knew the Troubled Asset Relief Program (TARP) was going to be expensive. But the program's special inspector general, Neil Barofsky, thinks the U.S. government has bitten off more than it bargained for: on July 20, his office released a report estimating the $700 billion effort to shore up the nation's wobbly banking system could end up costing taxpayers as much as $23.7 trillion, due to estimates for programs offered by the FDIC, federal money for Fannie Mae, Freddie Mac and other institutions on top of $7.4 trillion in TARP and other Treasury aid. A spokesperson...

Author: /time Magazine | Title: TARP Watchdog Neil Barofsky | 7/21/2009 | See Source »

...walk me through a typical day on the boat? It changed day to day, depending on where I was in the ocean. If I was near the shore, I had to worry about fishing boats, local traffic and shifting winds. If I'm in the trade winds, it's pretty much like doing whatever it is you do at your house, because you set the sail and don't touch the line for three weeks at a time. The wind comes in the same direction for months. When you're doing that, you get your eight or 12 hours...

Author: /time Magazine | Title: The Teen Who Sailed the World Solo | 7/21/2009 | See Source »

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