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...best of my recollection, my fraud began in the early 1990s. At that time, the country was in a recession and this posed a problem for investments in the securities markets. Nevertheless, I had received investment commitments from certain institutional clients and understood that those clients, like all professional investors, expected to see their investments out-perform the market. While I never promised a specific rate of return to any client, I felt compelled to satisfy my clients' expectations, at any cost. I therefore claimed that I employed an investment strategy I had developed, called a "split strike conversion strategy...

Author: /time Magazine | Title: Bernard Madoff's Full Statement to U.S. District Court | 3/12/2009 | See Source »

...across the state, and his ranger spirit mirrors that of the Texas, the idea is probably not out of the question.  For that matter, he would probably also take over the University of Texas at Austin and name the university after himself.  But one things certain: this man won't need any stimulus for his endowment.  (Cue laugh track...

Author: By Bonnie J. Kavoussi | Title: Around the Ivies | 3/12/2009 | See Source »

...live up to some of the other standards, and that’s fine. That’s criticism that one should pay attention to. But that doesn’t mean that it’s not capable of something more.”There are, undoubtedly, certain aspects of video games that fall short of the orthodox expectation of “art”—it is likely that an LCD screen will never grace the ceiling of the Sistine Chapel. Nonetheless, the industry has shown signs of growing away from its less favorable stereotypes...

Author: By Susie Y. Kim, CONTRIBUTING WRITER | Title: Gamers Challenge Art to be Multiplayer | 3/12/2009 | See Source »

...W.E.B. Du Bois as such. Just because the long list of individuals smeared as socialist happens to include prominent blacks alongside prominent whites like Franklin Roosevelt and every Democrat since does not make the word racial. Furthermore, the socialism charge was not leveled until Obama told a certain plumber that he wished to “spread the wealth around.” If encrypted racialism was intended, then why wait until this episode to wield...

Author: By Dhruv K. Singhal | Title: Just Words | 3/11/2009 | See Source »

...January, the nation's top Islamic body issued a fatwa, or religious edict, banning Muslims from practicing yoga if it involved chanting Hindu mantras. Late last year, Indonesia's parliament passed an anti-pornography bill that could criminalize certain folk dancing or traditional women's outfits. The bill was supported by hard-line Islamic groups, who believed its passage could counter moral degeneracy among Indonesian Muslims. So far, the law hasn't been applied in a significant way, although contemporary artists and others are worried they could be targets of its harsh prison sentences, which include a maximum...

Author: /time Magazine | Title: Indonesia Cracks Down on Offensive Hot Spot | 3/11/2009 | See Source »

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