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...Madoff may be the most unsettling memory during this time when investors chose to believe blindly that nothing could go wrong with the economy or capital markets. The money-making machine had become perfect. The global expansion which stretched from China to India to Europe, the Middle East,and the U.S. had become so broad that if one element or another failed, the foundation of the system would still be unshakable...

Author: /time Magazine | Title: Farewell To Madoff, Who Leaves Us Too Soon | 1/26/2009 | See Source »

...just for carnival sideshows or fortune cookies: in many Asian cultures, each year's forecasts are studied carefully for portents relating to business, romantic and family decisions for the coming year. Some Chinese plan births during dragon years to improve their children's fortune. Some people born in "wrong" years have reportedly been excluded from attending weddings and funerals. As for those making plans for 2009, be warned: because the element of fire is lacking from this year's forecast, fortune tellers don't believe the economy will fare any better than it did in 2008's year...

Author: /time Magazine | Title: The Chinese Zodiac | 1/25/2009 | See Source »

...Granted, it's mostly the small stuff that has gone wrong. As of Thursday, some smartly dressed press staffers were working without login access to their computers, without Blackberries and with only Gmail addresses to connect them to the world. Several names were misspelled on the signs that identified staff desks. It took the press office until about 10 a.m. on Wednesday to figure out how to send reporters an official White House press release. "That's great news," said deputy press secretary Bill Burton, when a reporter announced that the first e-mail had been received. "Ready...

Author: /time Magazine | Title: The Obama Team's Debut: Not Quite Ready on Day One | 1/23/2009 | See Source »

...When the Academy did honor famous people - stars who might actually prop up the sinking ratings of what was once the highest-rated TV show except for the Super Bowl - it chose the wrong ones, or the right ones in the wrong films. It's sweet that Angelina Jolie will accompany her beau Brad (Best Actor nominee for Benjamin Button) to the ceremony, but a shame that she was made a Best Actress finalist for her work as the desperate mother in Changeling, a performance so miscalibrated that it yanks the story out of its period whenever...

Author: /time Magazine | Title: Oscar Wrap: Slumdog and the Old Dogs | 1/22/2009 | See Source »

...about their profession. "Someone who is inexperienced will say 'the liquidators are taking over the company, and therefore we are going out of business," says Harvey Yellen, chairman of the Great American Group. "You're going out of business because the company ran into bleak times, or was run wrong. We get hired to fix the problem. We're not the cause." Liquidators need to motivate a sales force that's about to lose their jobs. That's no easy task. "It's a depressed atmosphere," says Fried, a freelance liquidator hired by the Great American Group. He's running...

Author: /time Magazine | Title: How Liquidators Profit from Circuit City's Loss | 1/22/2009 | See Source »

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