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...Madoff's Ponzi scheme was an "extraordinary evil" - "not a bloodless crime," as the defense was trying to suggest, Chin said. He added that Madoff had not been forthcoming in helping authorities locate missing assets. "[Madoff] has not been helpful and not done all that he could or told all that he knows...

Author: /time Magazine | Title: The Penalty for 'Extraordinary Evil': Madoff Gets 150 Years | 6/29/2009 | See Source »

...finally spoken. Ever since the 21-year-old American student was arrested in Italy in late 2007 and charged with the grisly murder of her British roommate Meredith Kercher, tabloids on both sides of the Atlantic have bubbled with scandal and speculation. Was she, as Italian and British reports suggest, a promiscuous party girl who lived like a slob and took strange men back to the house? Did she, as Italian prosecutors allege, cut Kercher's throat after she refused to take part in group sex with Knox; Knox's boyfriend at the time, Raffaele Sollecito; and Rudy Guede...

Author: /time Magazine | Title: Spotlight: Amanda Knox | 6/29/2009 | See Source »

Everyone knows we use too much energy. Our addiction to fossil fuels is torching the planet, empowering hostile petro-states and straining our wallets. Meanwhile, studies by scientists at the Lawrence Livermore National Laboratory and elsewhere suggest that more than half of our energy is lost through inefficiencies, calculations that don't even include the energy we fritter away through wasteful behavior like leaving lights on or idling cars. We're on course to increase electricity usage an extra 30% by 2030, which could require trillions of dollars' worth of new emissions-belching power plants, so it would be much...

Author: /time Magazine | Title: The Key to Fixing Health Care and Energy: Use Less | 6/29/2009 | See Source »

...Social Security Administration. He says he meets with senior executives of both companies once a week; his staff interacts with Fannie and Freddie every day. Lockhart believes that the government has done a better job of running Fannie and Freddie than the bottom lines of the two companies suggest. Most of the losses suffered by the mortgage giants, he notes, resulted from mortgages that Fannie and Freddie backed before they were taken over. Furthermore, part of the mandate of the current conservatorship has been to use Fannie and Freddie to stabilize the mortgage market and reduce foreclosures. Fannie and Freddie...

Author: /time Magazine | Title: The Future of Fannie and Freddie: Chief Says Government Ownership Is Bad | 6/19/2009 | See Source »

...have rocked Iran. Yet for me and millions of my fellow compatriots - both inside and outside Iran - it is the memory of 1979 that most keenly informs our perception of what's taking place in our home country. The similarities between today's protests and the events of 1979 suggest that this election represents a real turning point in Iranian history...

Author: /time Magazine | Title: Reza Aslan: The Spirit of '79 | 6/19/2009 | See Source »

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