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...1980s were a monument to Wall Street excess, witnessing some of the most notorious insider-trading prosecutions in history. Corporate raider Ivan Boesky - said to be an inspiration for the fictional Gordon ("Greed ... is good") Gekko, villain of the Oliver Stone film Wall Street - was sentenced to 3½ years in prison and fined $100 million in 1986 for insider trading. Financier Michael Milken, the "junk-bond king" who famously earned $550 million in 1987, avoided prosecution on similar charges by pleading guilty to other criminal counts. But the largest insider-trading conviction came two decades later, in 2007, when...

Author: /time Magazine | Title: Insider Trading | 11/9/2009 | See Source »

...achieving urban students. But in Detroit, most Catholic schools either closed down or left the city decades ago, after the race riots in 1967, when white Catholics fled to the suburbs and the city's population dropped by half. Only the Jesuits stayed, maintaining U of D's imposing stone structure on the corner of 7 Mile and Cherrylawn. The Catholic order is known for its education systems and its missionary work. In Detroit, they have become one and the same. (Detroit Cristo Rey, a Catholic high school launched last year, aims to be a college-prep school like...

Author: /time Magazine | Title: Jesuit Message Drives Detroit's Last Catholic School | 11/9/2009 | See Source »

...It’s awesome, there’s been a great tradition in this program from the very beginning,” coach Katey Stone said of reaching the 500 mark. “We’ve got to get after it, and see if we can get to 600 pretty quickly, before I retire. That’d be nice...

Author: By Madeleine Smith, CONTRIBUTING WRITER | Title: Shutout Gives Harvard 500th Win | 11/9/2009 | See Source »

...suite, glass is embedded in the floor so guests can peer down into the medieval water-storage chamber, and a rain shower is built into the cave walls. Carefully placed lighting and thoughtful details, like the words "Dear Guest" stitched in Portuguese on the bed linen, warm these ancient stone rooms - and make the fact that livestock used to have the run of the place all but a distant memory...

Author: /time Magazine | Title: L'Hotel in Pietra: Rock Star | 11/4/2009 | See Source »

...Malaccan history. Originally a Portuguese chapel, it was taken over by the Dutch in the 17th century and used as a place of burial. When the British arrived in 1825, they added a lighthouse and converted the original building into a munitions and gunpowder store. Wander through the arresting stone structure, which is open to the sky, then sit on the cool floor and gaze out at the Strait. (See TIME's Global Adviser for exotic, beautiful and interesting getaways...

Author: /time Magazine | Title: Going Strait in Malacca | 11/4/2009 | See Source »

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