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...prize money has touched people from all walks of life. In 1930, for example, as the world sank deeper into the Great Depression, part of that year's biggest prize of 30,000,000 pesetas (about $3 million) went to a garage owner and his mechanics, who had all chipped in 22 cents to gain about $1,600 each. A portion of the fourth largest prize, about $100,000, went to Ramon Franco, the brother of Francisco Franco, who would later become Spain's long-reigning dictator. The game has had its share of critics as well: Spanish households spend...

Author: /time Magazine | Title: The World's Biggest Lottery | 12/22/2008 | See Source »

...attempts to connect with her hard-hided students. The movie landed its leading lady, Sandy Dennis, on the covers of TIME and Newsweek the same week. After a Gregory Peck Western, The Stalking Moon, the producer-director team split. As it happened, Pakula became a director with a broader, deeper palette and somewhat greater success than his old partner (Klute, The Parallax View, All the President's Men, Sophie's Choice, Presumed Innocent, The Pelican Brief...

Author: /time Magazine | Title: Mockingbird Director Robert Mulligan Dies at 83 | 12/21/2008 | See Source »

...Accountant Ronald Niemaszyk, whose firm, Jordan Patke & Associates, specializes in reviewing the books of hedge funds, agrees that in many cases it is common to rely on brokerage statements when auditing funds. But in this case, Niemaszyk says, the auditors most likely should have looked deeper. "You have to look at the auditors' work that you are relying on," he says. What's more, Madoff acted as his own broker instead of going through another firm...

Author: /time Magazine | Title: The Madoff Fraud: How Culpable Were the Auditors? | 12/17/2008 | See Source »

...while a defiant Yusuf announced he is appointing a new Prime Minister. The power struggle belies the fact that the central government controls only a tiny slice of the country. Warlords, Islamists and the pirates of the Somali coast increasingly hold sway, as violence and malnutrition plunge the country deeper into lawlessness and despair...

Author: /time Magazine | Title: The World | 12/17/2008 | See Source »

...best albums of the 90s and worshipped by many of the fans who detested it so much after a first listen. People don’t like it when their favorite bands develop and move in different directions, particularly when they evolve from classic pop songs to deeper and more troubling terrain. It takes time to appreciate why a band would want to do something different and surprise those that fell in love with them in the first place.Los Campesinos! have taken on this challenge, trying to develop their original sound without losing their core fan base. Their...

Author: By Chris R. Kingston, CRIMSON STAFF WRITER | Title: Los Campesinos! | 12/12/2008 | See Source »

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