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...return of over $10 billion in fraudulent profits. Picard's complaints allege the people running the funds "knew or should have known" Madoff was a fake, simply based on the exorbitant, non-stop returns they received. Suits have been filed against Walter Noel's Fairfield-Greenwich Group, which withdrew $3.2 billion since 1995, Jeffrey Picower's funds, totaling $6.7 billion withdrawn, and against Stanley Chais, whose funds took out over $1 billion since 1995. (See pictures of the global financial crisis...

Author: /time Magazine | Title: Irving Picard at Center of Post-Madoff Storm | 5/30/2009 | See Source »

...tooth-and-claw campaign for the poetry professorship might also be described as Darwinian. The front runner, West Indian poet and Nobel laureate Derek Walcott, withdrew his candidacy four days before the poll after the resurrection of 1982 allegations that he sexually harassed a Harvard student. Appearing in the British media, those charges found their way to Oxford academics in anonymous letters. Walcott's withdrawal left two hopefuls, Padel and the Indian poet Arvind Mehrotra, to compete for the support of Oxford's senior staff and graduates, all of whom are eligible to vote for the professorship. There had been...

Author: /time Magazine | Title: Darwinian Struggle: A Poet Felled by Scandal | 5/26/2009 | See Source »

Cosby, who had completed roughly three semesters’ worth of work, officially withdrew in April, school officials said yesterday. Although he had not declared his major, Cosby said that her son had shared his post-college plans of “going into computers and looking forward to a nice, comfortable life...

Author: By Athena Y. Jiang and June Q. Wu, CRIMSON STAFF WRITERSS | Title: Friends, Neighbors Remember Cosby’s 'Strong' Presence | 5/20/2009 | See Source »

...March, Eurovision officials formally disinvited Georgia from participating because its entry, "We Don't Want to Put In," seemed to mock Russian Prime Minister Vladimir Putin in the wake of the conflict in the breakaway region of South Ossetia. On May 15, the chief of the Russian jury withdrew after he was spotted enjoying a caviar lunch with eventual winner Rybak in Moscow, potentially compromising his impartiality. (Read "Eurovision in Russia: Politics and Pop Music...

Author: /time Magazine | Title: How the West Won: Norway Takes the Crown at Eurovision | 5/18/2009 | See Source »

...Tyler suffered the most rebuffs; in 1844-45, he presented the same five candidates for the court a total of nine times. (Only one was confirmed.) President Lyndon Johnson was snubbed in 1968 when his nomination of Justice Abe Fortas as Chief Justice was filibustered so heavily that Fortas withdrew. As a Senator, Obama joined an unsuccessful filibuster against Samuel Alito in 2006. Even the legendary Louis Brandeis faced strong opposition over his progressive rulings (combined with an undercurrent of anti-Semitism...

Author: /time Magazine | Title: A Brief History Of: Supreme Court Nominations | 5/18/2009 | See Source »

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