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...bond trader, remembers, he asked an intern what he was doing during the winter break at the now bankrupt investment bank. The intern, who was a junior in college, said he was trading derivatives for the firm. Surprised, McDonald asked the intern the size of his pad - Wall Street-speak for how much of the firm's money he was able to trade - figuring it couldn't be much. The intern's response: $150 million...

Author: /time Magazine | Title: Is Proprietary Trading Too Wild for Wall Street? | 2/5/2010 | See Source »

Brady walks across the river, where, as captain of the Crimson track and field team, he arrives at practice early to speak with his coach about the day’s events...

Author: By Scott A. Sherman, CONTRIBUTING WRITER | Title: Brady Throws His Way Into Stardom | 2/4/2010 | See Source »

...simply opportunistic. Democrats should avoid making such caricatures. The best strategy is to let them tangle with the GOP machine and in the meantime reaffirm a progressive vision for America, coupled with tangible results. The President’s comment two weeks ago that the administration forgot to speak directly to the American people and their core values is dead-on. A post-election survey by Democratic pollster Peter Hart found that Senator Brown was elected primarily because Massachusetts working-class independents didn’t think the Obama administration was doing enough to address their economic concerns. Folks...

Author: By Raúl A. Carrillo | Title: It’s a Party in the USA | 2/4/2010 | See Source »

Gates and Clinton have forged a formidable partnership. "They were both clearly very hardworking students in school," says a Pentagon aide. They speak frequently on their secure phones, comparing notes before they go to the White House. They meet once a week and have lunch at either the Pentagon or State every month. ("The notion of Condi and Rumsfeld having lunch together? Or Rumsfeld and Powell?" says a Clinton staffer.) Not long after the war-council meetings drew to a close and Obama gave his West Point speech, I asked Clinton about Gates' methods. "He listens more than he talks...

Author: /time Magazine | Title: What Is Robert Gates Really Fighting For? | 2/3/2010 | See Source »

...Wilders is convicted, he faces up to 16 months in prison. But he appears to be relishing the proceedings thus far, likely hoping the trial will give his party a boost ahead of next year's national elections. Speaking to the court last month, Wilders even quoted Thomas Jefferson, saying that eternal vigilance is the price of liberty. "I believe in my heart and soul that freedom in the Netherlands is being threatened," he said. "It is not only our right but our obligation as free people to speak...

Author: /time Magazine | Title: Anti-Muslim Dutch Lawmaker's Trial Tests Freedom of Speech | 2/3/2010 | See Source »

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