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...Attorney's office has filed 11 counts against Madoff for his part in a decades-long Ponzi scheme, now estimated in court documents to amount to $64.8 billion, considered the largest in history. In fact, the new dollar amount cited in a Justice Department communication to Sorkin tallies the total size of the fraud, which dates back to the 1980s, at $170 billion, which includes money invested with Madoff, interest earned and payouts to investors as well as the value of things he bought for himself, like a yacht. "The charges reflect an extraordinary array of crimes committed by Bernard...

Author: /time Magazine | Title: No Deal for Madoff, As Victims Prepare to Face Him in Court | 3/11/2009 | See Source »

...more realistic view of how stores are fairing under the withering decrease in demand caused by the recession, Ann Taylor (ANN) is a good example for analysis. In the fourth quarter, its sales dropped 20% to $483 million. It will close 163 of its stores. That is from a total of 935. The company's stock now trades at $2.82, down from a 52-week high of $29.23. Most of that collapse occurred over the last six months...

Author: /time Magazine | Title: Looking Again at the Fate of the Retail Industry | 3/10/2009 | See Source »

Even before the financial and home foreclosure crisis hit full stride, the number of homeless children in America had reached an alarming level. The National Center on Family Homelessness released a report today that estimates that one in every 50 American children was homeless between 2005 and 2006. That totals roughly 1.5 million kids. While the center provided no previous statistic to compare against that figure, a study conducted with different measures published in 2000 put the total at 1.35 million children living in homelessness each year. The numbers are likely to get worse as the economy continues to decline...

Author: /time Magazine | Title: Report Says 1 in 50 U.S. Kids Is Homeless | 3/10/2009 | See Source »

...often that a player in the Ivy League tallies 20 points in a game. To do it while grabbing 20 boards is unheard of, but Mullery did just that, scorching the undersized Crimson frontcourt for 21 points and 20 rebounds. On the season, he has scored 47 total points in two games against Harvard.“I played a lot of minutes, that certainly had something to do with it,” Mullery said. “I was just going after the ball on every possession, keeping the motor going.”Still...

Author: By Walter E. Howell, CRIMSON STAFF WRITER | Title: Crimson Falls in Game’s Waning Seconds | 3/9/2009 | See Source »

...crisp passing and the team’s solid outside hitting to close out the four-set victory with a 25-30, 30-18 split.Senior co-captain Brady Weissbourd led the attack with a dominant all-around performance, posting a match-high 27 kills—bringing his weekend total to 55—to go along with 10 digs, five blocks and four service aces.“Brady’s phenomenal,” Weintraub admired. “As long as I do my job right, it’s guaranteed he?...

Author: By Max N. Brondfield, CRIMSON STAFF WRITER | Title: Harvard Notches First Undefeated Weekend | 3/9/2009 | See Source »

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