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...have talked about creating a central exchange, much like the New York Stock Exchange, where the bond insurance would trade. Some have proposed doing away with CDS all together. Those changes would significantly curtail, or wipe out, Cantor's profits in its CDS business. What's more, New York Attorney General Andrew Cuomo has subpoenaed Cantor and other traders of CDS contracts to see if the bond insurance was used to manipulate the market. Fears about changes in the CDS market have weighed on BGC's shares, which have fallen to a recent $2.90 from $12 a year...

Author: /time Magazine | Title: Cantor Fitzgerald, Victim of 9/11, Thrives in Recession | 4/17/2009 | See Source »

...feel very strongly that for-profit residential facilities are completely inappropriate for special education. They have been shown to be ineffective and commonly employ practices that do harm," says Alison Barkoff, senior staff attorney at the Bazelon Center for Mental Health...

Author: /time Magazine | Title: An Oregon School for Troubled Teens Is Under Scrutiny | 4/17/2009 | See Source »

...according to a second declassified memo released Thursday. "We understand that - for reasons unrelated to any concerns that it might violate the [criminal] statute - the CIA never used the technique and has removed it from the list of authorized interrogation techniques," wrote Steven Bradbury, a principal deputy assistant attorney general, in the footnote to a on May 10, 2005 document. Former Vice President Dick Cheney has admitted that U.S. interrogators used waterboarding on three detainees, including Zubaydah...

Author: /time Magazine | Title: Bush Torture Memo Approved Use of Insects | 4/16/2009 | See Source »

...Tijuana security services, officials welcome Obama for pledging to stand shoulder to shoulder against the drug gangs. Deputy Attorney General Salvador Ortiz says U.S. aid would be a valuable asset in fighting the gangs. He also says it would be useful to have U.S. agents work more closely in the training of Mexican police and prosecutors, a marked change from the aggressive nationalism long held by many Mexican officials. "It is positive for us to move toward a more American-style system of law enforcement," Ortiz says. "And to do this, it is constructive to have U.S. agents sharing advanced...

Author: /time Magazine | Title: For Mexico's Drug Wars, Obama's Visit Promises Help | 4/16/2009 | See Source »

...empire," his code for the U.S. But while he complained on Thursday of "outside interference" in Bolivian affairs, he pulled back from fingering Washington, saying he didn't yet know who was financing the alleged assassination plots. Said Garcia, "It's now the work of the [Bolivian] Attorney General to figure out who's behind these operations...

Author: /time Magazine | Title: A Plot to Kill Bolivia's Leftist President? | 4/16/2009 | See Source »

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