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December 2008 Issue
Rescuing Goldman
Wall Street's 139-year-old jewel saved itself by changing into a commercial bank. Now it must compete in a world where its culture, network and trading acumen may not be enough to make it sparkle. MORE 

Fear & Foreclosure in Las Vegas

The gambling capital of the world was also the fastest-growing housing market in the U.S. -- until it all came crashing down in a frenzy of ``liar loans'' and fraud. MORE 

JPMorgan's Muni Morass

The bank that the U.S. government relied on to rescue Bear Stearns reaped excessive fees on municipal derivative deals. The Justice Department is investigating. MORE 

Wanting to Be Like Ike

George W. Bush will leave the White House with a low approval rating just as President Dwight Eisenhower did. Today the former general is held in high regard. MORE 


Bubbles for Your Troubles

Even in tough economic times, people crave fine champagnes. Here are some moderately priced ones. MORE 

Porsche's Peppy Cayenne

The new GTS drives more like a 911 sports car than a sports
utility vehicle. MORE 


A Taste of Broadway

Head off the beaten track to find dining showstoppers near the Great White Way. MORE 




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Investigative Reports

Highlights from past issues

China in Africa: Young Workers,
Deadly Mines

Children in Congo risk their lives digging cobalt and copper ore with their bare hands for Chinese companies. (Sept 2008)

Busting the Chip Cartel
U.S. antitrust prosecutors sent 15 executives from four companies to jail for price fixing of memory chips. There was a rub: The collusion failed. (June 2008)

The Subprime in the Schoolhouse
The mortgage contagion has hit state-run investment pools that handle $200 billion in funds for schools and cities. Taxpayers are in the dark. (Jan 2008)

Ethanol's Deadly Brew
Thousands of Brazilian sugar cane workers are injured and scores die each year in the rush to produce a fuel that Presidents Bush and Lula celebrate as a path to energy independence. (Nov 2007)

Unsafe Havens
U.S. money market funds have invested $11 billion in subprime debt, much of it managed by Bear Stearns. (Oct 2007)

The Insurance Hoax
Property insurers use secret tactics to cheat customers out of payments—as profits break records. McKinsey's advice to Allstate: Use "boxing gloves" instead of "good hands." (Sept 2007)

The Ratings Charade
Subprime mortgages have swept into the booming collateralized debt obligation market, often in CDOs awarded the highest grades by Standard & Poor's, Moody's and Fitch. (Jul 2007)

The Secret World of Modern Slavery
Steel used to build cars and appliances in the U.S. starts with forced labor in Brazil. (Dec 2006)

Playing the Odds
Doctors disagree on how to treat the more than 230,000 men who will learn they have prostate cancer this year in the U.S. (Sept 2006)


Also in the December 2008 issue


The Power Broker
Democrat Barney Frank is leading Washington's charge toward more regulation for the mortgage industry, hedge funds and private equity firms.

Short Sellers Under Siege
Blaming short sellers for financial chaos -- as 15 nations have done since July -- is making scapegoats out of investors who keep the market honest, Bill Fleckenstein says.

Hedge Fund Agitator
Barry Rosenstein, whose Jana Partners has been hit by the market meltdown, is looking for a way to reignite returns that averaged 21 percent from 2001 to 2007.

The Dublin Connection
Lehman Brothers and Barclays helped a state-owned bank in Leipz overdose on bad debt. The cause of death: an off-balance-sheet conduit in Ireland.

Forecasting the U.S. Economy
Joel Naroff predicted the bursting of the housing bubble. His expectations for GDP, inflation, interest rates and unemployment made him the top prognosticator for 2006-08.