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Clinton vows to do this "the Iowa way," in the intimacy of church basements and union halls. But for her that may not be so easy. Her crowds are bigger than anyone else's. So is her media entourage; her first weekend on the campaign trail was chronicled by four television networks from Japan alone. There's also the excitement that goes with being the first woman to have a real shot at a major party's presidential nomination, which means that at places like the Drake Diner in Des Moines, people brought their daughters to have their pictures taken...

Author: /time Magazine | Title: Hillary Hits The Hustings | 2/1/2007 | See Source »

...mutual funds traveled this trail of tears, Southern California math professor Ed Thorp was delivering positive, usually double-digit, returns every year to investors in the fund he launched in 1969. Thorp, probably best known for figuring out how to beat the house at blackjack, did this by programming computers to identify small price discrepancies between securities that should have been trading in tandem. Then he borrowed tons of money to bet that these discrepancies would disappear. Such strategies were off-limits to mutual funds, but Thorp's Princeton Newport Partners was a hedge fund--an unregulated investment partnership catering...

Author: /time Magazine | Title: Hedge Funds Head for Mediocrity | 2/1/2007 | See Source »

Nicole Kidman, Renee Zellweger, Russell Crowe and a host of other A-listers were working the red carpet in London's West End, waving to fans, chatting with the press - and dragging a trail through an inch of white foam. Torrential rain had reacted with a fire-retardant chemical in the carpet, making it froth up like bubble bath. As countless pairs of Jimmy Choos were ruined, their owners could only turn for the camera and smile...

Author: /time Magazine | Title: One for the Little Guy | 1/31/2007 | See Source »

...Follow the money" was the terse advice the legendary source Deep Throat offered to Reporter Bob Woodward in the movie version of All the President's Men. As the intricacies of the Reagan Administration's Iran-contra supply line were probed last week, the money trail became a source of innumerable leads for reporters (including the Washington Post's Woodward) and investigators for congressional committees who were scrambling to uncover a financing scheme that coiled across three continents. The path led through a complex maze, replete' with international intrigue, conflicting claims by governments and shadowy diversions of funds by mysterious...

Author: /time Magazine | Title: Pursuing the Money Connections | 1/26/2007 | See Source »

Lilac quit the NSC at the end of 1983 to work as a consultant for Prince Bandar, who is the Saudi Ambassador to Washington. Tyson left in March 1983 to work for Khashoggi. The tortuous trail left by both North and Secord, now a retired Air Force general, touches virtually every mysterious point of action in the entire Iran-contra affair...

Author: /time Magazine | Title: Pursuing the Money Connections | 1/26/2007 | See Source »

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