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Britain is a small island, with an elite whose members all seem to know each other. Proof, if needed, came at a recent London performance of Gethsemane, David Hare's new play about rot in British politics. The audience was silver-haired and well-heeled. On some seats lay coats...

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

On Monday, a judge declined a request by prosecutors to jail Bernard Madoff, saying the former investment adviser who is accused of bilking $50 billion from clients did not pose a flight risk. Prosecutors made the request last week after it was discovered that Madoff had sent over a million...

Author: /time Magazine | Title: Why Is Bernie Madoff Still Free? | 1/13/2009 | See Source »

The name which keeps coming up when these announcements or rumors hit the media is Citi's lead director Richard Parsons, former CEO of Time Warner (TWX). He may take Bischoff's place as Citi chairman but he did not do a bang up job at the media company. He...

Author: /time Magazine | Title: The Imbecile's Ball: Citigroup Dances Around Management Change | 1/12/2009 | See Source »

A common strategy for beginning to understand big numbers is to devise visual representations. One time, sitting at a baseball game in Philadelphia, Paulos started counting seats along the first-base line. Multiplying the number of seats in a row by the number of rows, Paulos came up with a...

Author: /time Magazine | Title: How to Understand a Trillion-Dollar Deficit | 1/11/2009 | See Source »

At 8:30 a.m. on Jan. 20, president-elect Barack Obama will be preparing for his inauguration as the 44th President of the United States of America. At the same time, hundreds of Harvard students will be sitting down in large lecture halls readying themselves to take their fall term...

Author: By Sofia E. Groopman, CRIMSON STAFF WRITER | Title: THE NEWS IN BRIEF | 1/11/2009 | See Source »

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