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The line, though, between legitimate information-gathering and illegal insider trading is hardly a clear one. Technically, no laws ban trading on non-public information; prosecutions are based on legal theories that were developed in earlier court cases. "It's one of those areas where the courts say, 'I know...

Author: /time Magazine | Title: Arrests Open a Window on Hedge-Fund Culture | 10/21/2009 | See Source »

For Microsoft, latching onto Twitter's rise is more than just a big marketing win; it's also a technological victory. Twitter is a huge, previously untapped resource in the movement toward search that relies on real-time data rather than archived links. (There was also a strong industry rumor...

Author: /time Magazine | Title: Bing vs. Google: The Conquest of Twitter | 10/21/2009 | See Source »

The sea change in American attitudes toward pot came at the end of the 19th century, when between 2% and 5% of the U.S. population was unknowingly addicted to morphine, a popular secret ingredient in patent medicines with colorful names like "The People's Healing Liniment for Man or Beast...

Author: /time Magazine | Title: Medical Marijuana | 10/21/2009 | See Source »

What's more, despite the findings of the electoral commission, there's widespread doubt in Kabul over whether a runoff vote will actually proceed. A power-sharing deal between Karzai and Abdullah is considered the much more likely outcome. But in reality, the manner in which the electoral stalemate is...

Author: /time Magazine | Title: Is Escalation Obama's Only Choice in Afghanistan? | 10/20/2009 | See Source »

The defendants have been charged with depositing $3 million into a private bank without informing the Central Bank, per national banking laws. The deposit meant to buy shares of another private bank in Sri Lanka came from Galleon ($1 million) and Rajaratnam himself between Dec. 22, 2006, and Jan. 3...

Author: /time Magazine | Title: Inside Trader Has Long Faced Scrutiny in Sri Lanka | 10/20/2009 | See Source »

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