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...According to SEC figures, enforcement levels went from 1,232 full-time employees in 2005 to this year's budget request for 1,093, an 11% drop. In the compliance office, the numbers went from 851 full-time staffers in 2005 to this year's request for 796, a 6.5% decline. (See pictures of the top 10 scared traders...

Author: /time Magazine | Title: Can Mary Schapiro Revitalize the SEC? | 1/27/2009 | See Source »

...some time. Starring Eastwood as a crotchety widower living in Detroit's Highland Park neighborhood - a veteran of the Korean War who eyes his Hmong neighbors suspiciously and launches into racist tirades when provoked - Gran Torino was filmed on location in a mere five weeks on a slim budget of $35 million. The majority of its Hmong characters were played by nonprofessionals. In addressing such tumultuous issues as racial strife, gang warfare and urban blight, it can hardly be categorized as escapist entertainment...

Author: /time Magazine | Title: The Curious Case of Gran Torino | 1/26/2009 | See Source »

...bill. While readthestimulus.org enters the second, fact-checking phase, some volunteers have taken on side projects of their own. Kristina Rasmussen, director of government affairs at the National Taxpayers Union, has been cross-referencing the federal agencies mentioned in the bill with U.S. Office of Management and Budget's program assessments and has found a number of programs that are receiving money despite poor performance reviews...

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

...helping matters is a report from the Congressional Budget Office (CBO) that came out Tuesday, which shows that only 38% of the $350 billion in appropriated funds - which includes $274 billion for infrastructure investments - would make their way into the economy within two years of enactment. While some Democrats defended the study, saying it did not look at large parts of the bill, it was still a topic of some contention at the caucus' weekly lunch meeting on Wednesday. "If [the CBO report] is right, it is a cause for concern," said Senator Ben Nelson, a Nebraska Democrat, after...

Author: /time Magazine | Title: Economic Stimulus Plan Hits Bipartisan Obstacles | 1/22/2009 | See Source »

...Senate Budget Committee chairman Kent Conrad said Wednesday the Senate version should take the CBO report into account and focus more on job creation. "One thing I think we have to look at is a redirection of some of this money," he told reporters tersely after the caucus meeting, "to things that will have more of an immediate effect." The Senate Appropriations Committee postponed its markup of the Senate version until next week after negotiators said they wanted to revisit some provisions...

Author: /time Magazine | Title: Economic Stimulus Plan Hits Bipartisan Obstacles | 1/22/2009 | See Source »

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