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...does with such things. It was not an ordinary Ponzi scheme we were all part of; it was the biggest in the history of the world, valued at some $50 billion. Lucky us. Small investors, institutions, hedge funds, global banks, pension funds - all fell victim to usual suspects: a smooth huckster and greed...

Author: /time Magazine | Title: How I Got Screwed by Bernie Madoff | 12/15/2008 | See Source »

...announce her nomination. Browner, herself a member of Obama's transition board, mentioned earlier this month that the new position would not change the duties of the Secretaries of Energy and Interior or the Environmental Protection Agency administrator. Her role seems to be that of an overseer, promoting smooth cooperation among the different energy and climate entities...

Author: /time Magazine | Title: Energy Czar: Carol Browner | 12/15/2008 | See Source »

...important to realize that those actions were taken individually, effectively outside the U.N.'s negotiations framework. The point of the Poznan talks was to smooth the way for a new international pact on climate change next year in Copenhagen, to replace the Kyoto Protocol, which expires in 2012. (If you're wondering why the world needs to come up with a new agreement to replace a pact that doesn't expire for another three years - well, that's U.N. speed.) And while U.N. officials maintained that Poznan set the stage for next year's deadline talks, most of the major...

Author: /time Magazine | Title: All Talk, Little Action, at UN Climate-Change Summit | 12/13/2008 | See Source »

...followed immediately by the full instrumental and vocal tracks. The album is entirely devoid of live instrumentation, as if it had emerged of its own volition from a primordial soup of ProTools loops on some highly-paid producer’s laptop. Common’s flow once sounded smooth and natural over the wide variety of musical influences he sampled from; now he sounds stilted over even the simplest beats. On the awkward mix of light disco and club rap that is “What A World,” featuring ex-Harvard popsters Chester French, Common?...

Author: By Mark A. Vanmiddlesworth, CRIMSON STAFF WRITER | Title: Common | 12/12/2008 | See Source »

...boom of the past few years comes to a sudden and wrenching stop, leave behind the garish consumerism of Moscow and drive 220 miles (354 km) southwest to the small Russian town of Lyudinovo. For the first part of the five-hour trip the road is a smooth four-lane highway that whisks you past gleaming gas stations and a brand new Samsung TV factory. Then everything slows down. The highway turns single-track and becomes progressively rougher. For the last 20 miles, you bump along the ruts, distracted only by the swaying rows of silver-birch trees that flank...

Author: /time Magazine | Title: Russia's Big Chill | 12/11/2008 | See Source »

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