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According to several legal experts, a 19-year-old in New York City may be the first person to have successfully used Facebook to provide an alibi. When Rodney Bradford was charged with mugging two males at gunpoint in Brooklyn on a Saturday in October, it didn't help that he was already facing a previous robbery indictment. And although Bradford's father and stepmother backed up his claim that at the time of the alleged mugging, he was in Harlem at his father's apartment, witnesses identified him in a lineup, says his lawyer Robert Reuland...

Author: /time Magazine | Title: The Facebook Defense: Social Networking as Alibi | 1/21/2010 | See Source »

...deal was even less popular when Abbey's new CEO António Horta-Osório slammed the brakes on new mortgage lending in 2006, right in the middle of a housing boom. But Horta-Osório looked prescient when U.K. banks such as Alliance & Leicester and Bradford & Bingley kept on lending and then found themselves in crisis when the market crashed. Santander bought them both - in B&B's case, it was only the deposits and branches - for about one-fifth of what it had paid for Abbey. (Read: "U.K. Acts to Stem Bank Panic...

Author: /time Magazine | Title: Santander: The Most Boring Bank in the World | 1/18/2010 | See Source »

Nonprofits, too, are likely to cheer the plan. Bradford Smith, who is the president of philanthropy-research firm Foundation Center, says Goldman's move could help service organizations at a time when many are struggling to raise funds. "Ideally, you would hope rich people would voluntarily share their wealth," says Smith. "But Goldman is leader in the corporate world, and if others follow, this could be a needed windfall for nonprofits...

Author: /time Magazine | Title: Goldman Tries to Put a Halo on Bonuses | 1/13/2010 | See Source »

...global carbon emissions. In addition, ships spew out huge amounts of traditional air pollutants, like nitrous oxides (NOx) and sulfur oxides (SOx), and emit black carbon soot, a leading contributor to melting Arctic ice. "It's an overlooked and important problem, but it's also extraterritorial," says Travis Bradford, the chief operating officer of the Carbon War Room, based in Washington, D.C. "And there's no external force that will cause the shipping industry to change...

Author: /time Magazine | Title: Global Warming: Why Branson Wants to Step In | 12/31/2009 | See Source »

...despite the sheer amount of carbon the shipping industry produces, its biggest emitters are relatively few. Bradford estimates that about 20,000 of the biggest and most polluting ships contribute about half the carbon emitted by the industry as a whole, so any solution to the emissions problem could be implemented much more easily than, say, changing the 800 million or so passenger cars in the world. "Ships could be retrofitted to be cleaner and more efficient quickly," says Bradford. (See the world's most polluted places...

Author: /time Magazine | Title: Global Warming: Why Branson Wants to Step In | 12/31/2009 | See Source »

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