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Litt, 46, is in fighting trim. In November he won a hard-fought case against former technology investor (and longtime opera fan) Alberto Vilar, who was convicted of stealing his investors' money. The trial took nine weeks, which is long for a fraud case. "He is very much a no-nonsense prosecutor who does the right thing without excess flash or showmanship," says Colton, who represented Gary Tanaka, Vilar's partner, who was also found guilty in the case...

Author: /time Magazine | Title: The Man Who Will Prosecute the Bernard Madoff Case | 1/14/2009 | See Source »

...rarely a coincidence that Hare's characters have an uncanny resemblance to the real thing. His hard stares at Britain's institutions - the Church of England in Racing Demon, the tabloid press in Pravda - are so well-researched that his critics have sniffed that he's a better journalist than playwright. Before the opening night of Pravda, a 1985 collaboration with provocative British playwright Howard Brenton about a Rupert Murdoch-like press baron, the show's producers were so nervous about the similarities that they consulted a libel lawyer. In Obedience, Struggle and Revolt, a 2005 collection of his lectures...

Author: /time Magazine | Title: David Hare: Truth to Power | 1/14/2009 | See Source »

...Your Person of the Year should have been Michael Phelps; his accomplishments were obtained with hard work and dedication. Obama was a creation of the media. Luciano Castro, Melbourne...

Author: /time Magazine | Title: Inbox | 1/14/2009 | See Source »

...hearings, even Senate Foreign Relations Committee chairman John Kerry was raising concerns about pledges for future donations. "There is a legitimate question, and I think, Senator, you'd agree that it's hard to distinguish between a donation currently made and - and acknowledged publicly - and a donation to be made in the future, a commitment made to but not acknowledged publicly." (See the members of Obama's White House...

Author: /time Magazine | Title: A Blip in Hillary Clinton's Senate Lovefest: Bill's Donations | 1/14/2009 | See Source »

...report card earned you a parental pat on the back, but now it could be money in your pocket. Experiments with cash incentives for students have been catching on in public-school districts across the country, and so has the debate over whether they are a brilliant tool for hard-to-motivate students or bribery that will destroy any chance of fostering a love of learning. Either way, a rigorous new study - one of relatively few on such pay-for-performance programs - found that the programs get results: cash incentives help low-income students stay in school and get better...

Author: /time Magazine | Title: Should Students Be Paid for Good Grades? | 1/14/2009 | See Source »

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