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...Fairfield, Madoff's largest feeder, with some $7 billion invested in his mad world, was run by socialite Walter Noel. But there were dozens of others run by a variety of unregistered funds and characters, including the Ascot Partners fund, run by Ezra Merkin, and on the West Coast, the Brighton Co., run by Stanley Chais, one of three he ran. (See pictures of the demise of Bernie Madoff...

Author: /time Magazine | Title: How Madoff's Feeder Funds Stole My Retirement | 4/5/2009 | See Source »

...General Motors, and instructed GM and Chrysler to fix up fast or drive headlong into bankruptcy, college basketball's annual bonanza, the Final Four, has arrived in the Motor City to provide a much-needed distraction. What's even sweeter: Michigan State University, located just 90 miles west of Detroit in East Lansing, made the national semifinals this year, giving the locals more reason to cheer (unless, of course, they bleed the University of Michigan's maize and blue and wouldn't dare root for an archrival). For a few days at least, the city can lose itself...

Author: /time Magazine | Title: Why Detroit's Final Four Stimulus Is Overrated | 4/4/2009 | See Source »

...Czechs, on the other hand, remain keenly interested in U.S. policy. Most want to hear from Obama whether he plans to shelve plans for basing a U.S. radar station in the hills an hour's drive south-west of Prague, as part of the missile shield supposedly aimed at countering a potential Iranian threat. Moscow is vehemently opposed to the shield, and Obama has indicated that he may not press ahead with deploying a system that has yet to prove its effectiveness despite years of testing. And in his efforts to "reset" relations with Moscow, President Obama told his Russian...

Author: /time Magazine | Title: What the Obamas Can Expect in Prague | 4/4/2009 | See Source »

...students from the Jenin refugee camp - long a cauldron of resistance against the Israelis - through a medley of Arabic and classical tunes, while the Holocaust survivors clapped along to the violins and the oriental drumming. For the young musicians, raised behind the Israeli security barrier surrounding much of the West Bank, there was an added bonus to the trip: it was the first time many of the kids had seen the Mediterranean sea, which shimmered in the Spring sunshine. The kids even coaxed the event's benefactor, Sheri Arison, a philanthropist and probably Israel's wealthiest woman, onto the dance...

Author: /time Magazine | Title: Even After Exile, Palestinian Musician Vows to Play On | 4/4/2009 | See Source »

...spirit of defiance not unfamiliar in Jenin, however, the indominable orchestra conductor is fighting back. Younis is demanding that President Abbas lift the ban on her teaching music in Jenin. "This is the only music center in all the West Bank, and what have the Palestinian Authorities given me? Nothing. Not a single violin." Younis vows to keep her youth orchestra going, somehow. She concludes an interview with a question of her own: "You don't know where I could get a saxophone...

Author: /time Magazine | Title: Even After Exile, Palestinian Musician Vows to Play On | 4/4/2009 | See Source »

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