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Outside, the hard questioning of bank executives has already begun. Hammered by reporters on a conference call on Sunday, Mustier said Kerviel had outwitted the bank's internal control department for nearly a year, partly by changing the financial instruments he traded - thus triggering attention from departments that knew nothing...

Author: /time Magazine | Title: Behind the Trader's Market Chaos | 1/27/2008 | See Source »

The guy who created Rocky is a cheery pessimist who believes that despite an ugly world, you can make incredible things happen with great effort. "Rocky represents the optimistic side of life, and Rambo represents purgatory," he says. The world, Rambo realizes, is perpetually chaotic and dangerous. "If you think...

Author: /time Magazine | Title: Stallone on a Mission | 1/24/2008 | See Source »

You churn out a book almost every year. Does that impact the quality? -Cynthia Moyer, Salt Lake CityI don't think so, because if I had more time, I wouldn't use it. I'd wait until the last three months and write the book. I learned how to procrastinate...

Author: /time Magazine | Title: 10 Questions for John Grisham | 1/24/2008 | See Source »

Prodi himself gave what might seem a bold speech to Parliament, seeking a vote of confidence after Mastella's exit. Chiding those fellow legislators who might have been planning an "opaque," backroom resolution to the crisis, he stated: "It is right that all comes to light in this place, in...

Author: /time Magazine | Title: A Dearth of Courage | 1/23/2008 | See Source »

But the announcement came: "McCain wins South Carolina!" The room erupted in cheers; McCain's wife Cindy dissolved into tears; and the candidate's pale, scarred, 71-year-old face spread into a triumphant grin. "Whether it was because of what happened eight years ago in South Carolina or because...

Author: /time Magazine | Title: The Resurrection of John McCain | 1/23/2008 | See Source »

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