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...There is a point to these incessant conversations about Bernie on the web, on the front pages of most newspapers, and in our personal ruminations. We want to understand what kind of environment would allow his decades long financial fraud to thrive. We want to understand why sophisticated investors chose to believe that any money manager could have a multi-year string of returns which is a near statistical impossibility. (See pictures of Bernard Madoff's demise...

Author: /time Magazine | Title: Farewell To Madoff, Who Leaves Us Too Soon | 1/26/2009 | See Source »

...also go on the website). But the bill is 334 pages long and growing every day - with amendments and changes, the current version is up to 941 pages. Nobody wants to sit down and read nearly a thousand pages of legislation for fun. That's where readthestimulus.org gets all Web 2.0 on Congress: it's a forum where anyone who wants to can comb through a few pages of the bill and record their findings in a Google document. Volunteers can do as many or as few pages as they like. "We wanted people to know where their money...

Author: /time Magazine | Title: Reading the Stimulus | 1/25/2009 | See Source »

...talk of the Internet's threat to authoritarian regimes, China's Communist Party has capably rebuffed the Web's challenge to its rule. But a growing trend on the Chinese Internet could make life unpleasant for a handful of government bureaucrats who offend the cybercitizenry. (See pictures of China's electronic-waste village...

Author: /time Magazine | Title: China's 'Netizens' Take On the Government | 1/23/2009 | See Source »

That hasn't deterred Web vigilantes from turning their attention to officials suspected of corruption or unseemly behavior. In recent months, at least three government bureaucrats have been targeted. This week an anonymous blog post accused a high-ranking Beijing official responsible for Web censorship of disparaging the country's top leaders - President Hu Jintao and Prime Minister Wen Jiabao - and boasting that he alone decided what citizens could and couldn't read online. (See pictures of China on the wild side...

Author: /time Magazine | Title: China's 'Netizens' Take On the Government | 1/23/2009 | See Source »

...country where the media fall under tight government supervision, freelance Web investigations help fill a watchdog role the press usually cannot. Web exposés are "a general phenomenon on the Internet anywhere," says Xiao. "What's new in China is that because of the lack of freedom of information, the lack of free speech for ordinary citizens, 'click-to-kill' is particularly focused on otherwise unaccountable officials. That is unique...

Author: /time Magazine | Title: China's 'Netizens' Take On the Government | 1/23/2009 | See Source »

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