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Listen, let me tell you something: I knew Nick Leeson. Oh, OK, not personally. But as a reporter, I covered Leeson, the young trader who single-handedly broke the bank at Barings in 1995. And you know what? This kid Jérôme Kerviel, the 31-year-old who managed to lose $7.2 billion (that's with a B) at Paris investment bank Société Générale in just a few weeks, he's ... he's ... so much like Leeson that it's scary...

Author: /time Magazine | Title: Masters of Mayhem | 1/31/2008 | See Source »

...cathartic," he says. Others apparently think so too; it now comes in six different colors, retails for $120 and is one of the firm's top sellers. Schmidt's online breakup boutique sells mugs that say things like BOO FRICKIN' HOO and books like How to Tell If Your Boyfriend Is the Antichrist. "Why take life so seriously?" she asks...

Author: /time Magazine | Title: Bye Bye, Love | 1/31/2008 | See Source »

...little out of control. "Jay, bless his heart, couldn't sit still," Letterman recalls of one early mass meeting. "He was behaving like a hyperactive child: jumping up and down, being funny and distracting, to the point where everybody sort of thought, Well, maybe we shouldn't tell Jay about the next meeting...

Author: /time Magazine | Title: The First Comedy Strike | 1/31/2008 | See Source »

...that it saves you time; it's that it saves you having to think. That's what the moms at Dream Dinners liked: they didn't have to worry about what was for dinner when they came home from work. Some of them confessed they didn't tell their families that they didn't "make" dinner, because, maybe, kind of, they sort of did. Unlike the old frozen dinner, designed to be consumed with multitasking efficiency while watching television, the new one--with its dirty pots and table setting--is trying to freeze something else: our family life. And maybe...

Author: /time Magazine | Title: Outsourcing Home Cooking | 1/31/2008 | See Source »

...side streets to intercept would-be car bombers. U.S. military officials often point visitors to al-Kindy Street as a metaphor for what is working?and what remains undone. "We still have some work to do," says Lieut. General Ray Odierno, the No. 2 U.S. commander in Iraq. "I tell everybody we've opened a window. There's a level of security now that would allow [Iraqi politicians] to take advantage of this window in time, pass the key legislation to bring Iraq together so they can move forward. Are they going to do that? In my mind...

Author: /time Magazine | Title: The Surge At Year One | 1/31/2008 | See Source »

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