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Despite the missing billions and plenty of how-could-this-have-happened awe in the media, the actual prosecution case against Madoff may be pretty straightforward. He has already admitted guilt to a federal agent. What's more, Madoff is reportedly trying to negotiate a plea agreement that could conclude the fraud case against him without a trial. But that's just the beginning of Litt's work. Madoff took as much as $50 billion from investors around the world, working with dozens of feeder funds and other middlemen to lure money into his scheme. Litt will have to decide...

Author: /time Magazine | Title: The Man Who Will Prosecute the Bernard Madoff Case | 1/14/2009 | See Source »

...began with a straightforward sci-fi premise: a space-chase saga but an uncommonly spartan, raw, unflashy one. There are no cute droids à la Star Wars or sexy aliens à la Star Trek. Its universe is dirty, lived in and worn out. The ships are cramped. The humans carry guns that shoot bullets; they also eat--yum!--processed algae vacuumed up from uninhabited planets. And they're given to creative basic-cable profanity--frak being BSG's F word of choice...

Author: /time Magazine | Title: Battlestar Galactica: Life After Earth | 1/8/2009 | See Source »

Jobs wrote that he's suffering from a "hormone imbalance that has been 'robbing' me of the proteins my body needs to be healthy," noting that the remedy is "relatively simple and straightforward." A number of medical commentators found that explanation lacking. The CEO said that it would take until late spring for him to regain his weight but that he would continue as Apple's CEO during his recovery...

Author: /time Magazine | Title: Can Apple Survive Without Jobs? | 1/8/2009 | See Source »

There are certainly some straightforward ways to start closing the budget gap. The Bush tax cuts for the rich should be rolled back this year, not next, to start collecting about 0.5% of GDP in extra revenues from those who can most easily pay, though this might just partly offset other tax cuts and recession-induced declines in tax collections. The spending on the wars in Iraq and Afghanistan should be ended, not prolonged, saving at least 1% of GDP. We'd still probably be close to $1 trillion (perhaps 6.5% of GDP) shy of budget balance. With the economy...

Author: /time Magazine | Title: The Case for Bigger Government | 1/8/2009 | See Source »

...country scrambling for answers. What condition could cause the "hormone imbalance that has been robbing [him] of the proteins [his] body needs to be healthy" and result in such dramatic weight loss? And in what scenario would that condition entail a "nutritional problem" whose cure is "relatively simple and straightforward...

Author: /time Magazine | Title: What's Ailing Steve Jobs? Medical Opinion Varies | 1/6/2009 | See Source »

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