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...most recent trend of quick triggers has reached laughable levels. "Head coaches may be hearing all this talk about how 'we're all in this together,'" says Jeff Van Gundy, former coach of the New York Knicks and Houston Rockets and now an ABC/ESPN analyst. "In reality, not really. Unless your name is [nine-time title winner] Phil Jackson, [four-time title winner] Gregg Popovich, [21-year Utah Jazz coach] Jerry Sloan or ['08 champ] Doc Rivers, if you lose three games in a row, you're instantly on the hot seat. I really do believe that...

Author: /time Magazine | Title: The NBA's Epidemic of Fired Coaches | 12/17/2008 | See Source »

...difficult to find a company of Apple's caliber whose fortunes are so closely tied to the health of its CEO. Apple is Jobs and Jobs is Apple. Unless he makes a public appearance, it's likely that the news will continue to hammer Apple's stock, which took a beating Monday after analysts downgraded it. (It dropped more than 2.5% within a few hours of the announcement.) A report by the NPD Group, which tracks retail sales, showed that Apple store sales declined 1% in November compared with a year ago, even at a time when PC sales increased...

Author: /time Magazine | Title: Why Is Steve Jobs Skipping MacWorld? | 12/16/2008 | See Source »

...Every person who applies to companies wants to demonstrate ways they’ve overcome challenges,” Wright says. “Unless you grew up in New York’s West Village or [San Francisco’s] Castro, being out tends to imply overcoming of a challenge...

Author: By Rachel A. Stark, CRIMSON STAFF WRITER | Title: Recruiters Target LGBT Community | 12/16/2008 | See Source »

...Minnesota businessman Tom Petters was indicted by a federal grand jury on 20 counts of fraud, conspiracy and money laundering stemming from his alleged role in a 13-year, $3.5 billion Ponzi ring. Still, the $50 billion fraud Madoff allegedly perpetrated is the most egregious Ponzi scheme to date-unless you subscribe to an argument advanced by financial consultant Janet Tavakoli. In a neat summary of the anger millions of people are channeling toward Wall Street, Tavakoli wrote on her company website: "The largest Ponzi scheme in the history of the capital markets is the relationship between failed mortgage lenders...

Author: /time Magazine | Title: Ponzi Schemes | 12/15/2008 | See Source »

...them can only really be tackled properly when Somalia has a government that is both good and strong. As the French commander of his country's anti-piracy force in the Gulf, Vice-Admiral Gerard Valin, told Agence-France Presse in Bahrain: "We will not end this phenomenon unless we have a Somali government that has the means to act on its territory to fight piracy...

Author: /time Magazine | Title: Analysis: To Beat Somalia's Pirates, Fix Their Country | 12/15/2008 | See Source »

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