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...been notified, as if there were others besides Madoff - which there were not, as we all learned six months later. It certainly didn't mention that Chais was just pretending to be the great Wizard of Wall Street. He did, however, make it clear that anyone was "free to withdraw part or all of their money" at quarterly withdrawal dates, which was a nice, reassuring touch. Giving more comfort, Chais rather breezily wrote that everything would be fine, that his son, a lawyer by training and manager of a venture-capital fund, was one of "the most thoughtful and honorable...

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

...tension between the Administration and the Senate - particularly with the Finance Committee, which has vetted a number of the nominees for whom problems have emerged, including the tax issues that threatened to derail the confirmation of Treasury Secretary Timothy Geithner and forced former Senate majority leader Tom Daschle to withdraw his name from consideration as head of HHS. One source close to the process says the Finance Committee is now giving such scrutiny to the tax records of Administration nominees that, amid the committee's larger concerns, it has questioned items as small as $14 on their returns...

Author: /time Magazine | Title: Is Congress Being Too Tough on Nominees' Taxes? | 4/3/2009 | See Source »

...government spent its final year in office negotiating indirectly with Syria and directly with Palestinian Authority President Mahmoud Abbas. Lieberman rejected the Bush Administration's Annapolis peace initiative, under which Olmert and Abbas had talked about the parameters of a Palestinian state. And he insisted that Israel would never withdraw from the Golan Heights, captured from Syria in 1967. "Whoever thinks that he will achieve something by way of concessions - no, he will only invite more pressure and more wars," Lieberman said. "If you want peace, prepare for war." (See pictures from Israel's recent war in Gaza...

Author: /time Magazine | Title: How Netanyahu Could Make Peace with Syria | 4/3/2009 | See Source »

...Publicly, Netanyahu continues to take a firm stance, rejecting the idea of an Israeli withdrawal from the Golan Heights in order to achieve peace with Syria. Lieberman talks only of "peace for peace," rather than land for peace. But Netanyahu knows that no peace deal is possible without returning the Syrian territory captured in the war of 1967, and he may be ready to find a formula for its return if Syria is truly ready for a peace deal. Syrian President Assad, having established firm control of the often opaque regime he inherited from his late father Hafez al-Assad...

Author: /time Magazine | Title: How Netanyahu Could Make Peace with Syria | 4/3/2009 | See Source »

This new security threat comes as the U.S. military prepares to withdraw its forces from Iraq's cities by June, ahead of a complete withdrawal by the end of 2011. But in many ways, U.S. troop numbers and locations are secondary factors. This is an Iraqi problem, one that stems from festering political rivalries and suspicions among the country's competing centers of power...

Author: /time Magazine | Title: Al-Qaeda Infiltrating Pro-U.S. Militias in Iraq, Sources Say | 3/31/2009 | See Source »

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