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...didn't already feel like a financial ingenue in the wake of last year's Wall Street meltdown and Bernie Madoff's massive Ponzi scheme, maybe the government's latest insider-trading case will help put you over the top. Federal prosecutors have charged six people with conspiracy and securities fraud in a series of insider trades that allegedly netted more than $25 million in illegal profits. The defendants include higher-ups at two hedge funds as well as executives at Intel, IBM and the consulting firm McKinsey. Rajaratnam was arrested with the others on Oct. 16, but he promptly...

Author: /time Magazine | Title: Arrests Open a Window on Hedge-Fund Culture | 10/21/2009 | See Source »

...attention of regulators. In another, the two contemplate whether the senior vice president at IBM would be more valuable to them at a different firm. In a third, Chiesi, upon sharing non-public details about an upcoming reorganization of the microchip maker AMD, tells an alleged co-conspirator: "You put me in jail if you talk ... I'm dead if this leaks. I really am ... and my career is over. I'll be like Martha f______ Stewart." Both Rajaratnam and Chiesi have proclaimed their innocence. (Watch TIME's video of Peter Schiff trash-talking the markets...

Author: /time Magazine | Title: Arrests Open a Window on Hedge-Fund Culture | 10/21/2009 | See Source »

...Put yourself in the position of a committee member,” said Alt. There are 250 others applying, he explained. “Just. Like...

Author: By Noah S. Rayman | Title: For Aspiring Faculty, A Depressing View | 10/21/2009 | See Source »

Bulldogs’ forward Miyuki Hino scored off a header to tie the game, and her teammate Becky Brown put away a loose ball to give Yale a 2-1 edge with 38 minutes remaining...

Author: By Madeleine Smith, CONTRIBUTING WRITER | Title: Harvard Beats Yale, Stays Perfect in Ivies | 10/21/2009 | See Source »

...Both teams played well, [and] all five goals were awesome,” Leone said. “Both of us tried to work our strengths, and it came down to us being able to put the ball in the back of the net one more time than them...

Author: By Madeleine Smith, CONTRIBUTING WRITER | Title: Harvard Beats Yale, Stays Perfect in Ivies | 10/21/2009 | See Source »

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