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Joseph served as CEO of Drexel Burnham Lambert Inc. from 1985 until the firm’s collapse in 1990. Before scandal struck, Drexel profited in the 1980s from selling junk bonds, but then Michael R. Milken, a trader under Joseph’s supervision, was imprisoned for 22 months and fined $600 million for violating U.S. securities law, according to Bloomberg News. While Joseph faced no criminal charges, he was banned for a time from assuming another position as a Wall Street CEO, according to Portfolio.com’s “Worst American CEOs of All Time?...

Author: By Julie M. Zauzmer, CONTRIBUTING WRITER | Title: Joseph, 72, Was Leader on Wall Street | 12/1/2009 | See Source »

...your privacy trumps everyone else's. And whether he means to or not, Woods is projecting that decidedly exclusive mind-set as he insists on stonewalling Florida law-enforcement investigators looking into the circumstances of his bizarre, 2:30 a.m. car crash on Nov. 27, when his Cadillac SUV struck a fire hydrant in front of his $2.4 million Isleworth mansion and then plowed into a neighbor's tree. The crash left Woods temporarily unconscious - and seems to have rendered his p.r. apparatus addled as well. His less-than-forthcoming statements to both police and the public have only stoked...

Author: /time Magazine | Title: Privacy Is a Perk in Tiger Woods' Florida Enclave | 12/1/2009 | See Source »

...issues, it is important to recall why America and our allies were compelled to fight a war in Afghanistan in the first place. We did not ask for this fight. On September 11, 2001, 19 men hijacked four airplanes and used them to murder nearly 3,000 people. They struck at our military and economic nerve centers. They took the lives of innocent men, women and children without regard to their faith or race or station. Were it not for the heroic actions of the passengers onboard one of those flights, they could have also struck...

Author: /time Magazine | Title: Full Transcript of Obama's Speech | 12/1/2009 | See Source »

...vets did. But they encounter something that psychologists say is nearly as disorienting: America has found ways to distract itself from the fact that it has dispatched 1.6 million service members to two wars and kept them fighting for far longer than the duration of World War II. This struck Waddell while he was at a mall, when a shopper asked him how he broke his leg. "Iraq," Waddell answered. The reply: "Was it a car wreck or a cycle wreck?" Colorado Springs psychologist Kelly Orr, who is treating the ex-Navy SEAL, says, "We get all excited when Johnny...

Author: /time Magazine | Title: How One Army Town Copes with Posttraumatic Stress | 11/30/2009 | See Source »

Akpan stutter-stepped on his run-up to throw off MacMath but struck his penalty weakly to the right. The rebound came back to Akpan off MacMath’s knee, but the ball took a high bounce, and Akpan was unable to get his foot over it, sending his attempt high into the air, and eventually, into the arms of MacMath...

Author: By Jay M. Cohen, CRIMSON STAFF WRITER | Title: End of the Road | 11/30/2009 | See Source »

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