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June 2008 Issue
The House of Dimon
The JPMorgan Chase CEO became the go-to guy on Wall Street with the emergency acquisition of Bear Stearns—a surprising step for a man who is mostly an old-fashioned consumer banker. MORE 

The Improviser

Ben Bernanke, the consensus-building academic who toiled in Alan Greenspan's shadow, is emerging as the most powerful—and inventive—Federal Reserve chairman in the 95-year history of the central bank. Paul Volcker says he's overreaching. MORE 

Rocket Man

PayPal co-founder Elon Musk is risking his fortune on space exploration and the $98,000 Tesla electric sports car. MORE 


Titans of the Sea

Russian billionaire Roman Abramovich is building the world's biggest yacht. It may be 530 feet long. MORE 

Tiki Cocktails

Trend-setting bartenders Jim Meehan and Angus Winchester update Tiki drinks. MORE 


Continental Surprises

Chefs in Brussels, Turin and Berlin bring originality and panache to European cuisine. MORE 

Marathon Missteps

If you're eyeing Berlin or New York, stick to a sensible training program to prevent burnout. MORE 




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Investigative Reports

Highlights from past issues

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." (Sep 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 Poison in Your Pension
Banks are selling the riskiest CDO portions, known as toxic waste, to public pensions and state trust funds. (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 June 2008 issue


Santander Keeps It Simple
The provincial Spanish bank has become a global powerhouse by focusing on taking deposits and making loans.

Crunch Time at Carlyle
The private equity giant is grappling with the failure of its mortgage bond fund, a collapse in dealmaking and a dearth of new financing. It's turning to friends in the Middle East for help.

Russia's Empire Builder
Industrialist Oleg Deripaska is pumping billions into everything from cars to cement to tap a post-Soviet boom. The 40-year-old ballet fan may have to watch his step: The new man in the Kremlin was once an adversary.

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.

Shadow Over Samsung
The indictment of the chairman of the nation's biggest chaebol for tax evasion raises new questions about Korea's culture of corruption.

Egypt: Riding the Middle East Boom
Investment bank EFG-Hermes, run by a self-proclaimed leftist and a cigar-chomping capitalist, is battling a raft of new competitors as investment and growth soar.