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...Jack Reed, a Rhode Island Democrat, and other Senators wanted to ante up another $50 million. This year, the House approved an SEC budget of $928 million, while the Senate approved $938 million, a 2% to 3% increase, which is greater than the 1% hike former chairman Christopher Cox requested from the 2008 budget of $906 million. The final budget, part of the government's "Continuing Resolutions," has yet to be approved...

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

...fairness, Coffee says, Cox and his enforcement officers "were hobbled by commissioners" who wanted pre-approval before SEC enforcement officers could seek penalties. "Nobody wants to get fired for being too aggressive in their investigations," he says. "The agency is demoralized and this could explain the Madoff case...

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

...that if you can't beat the cable powers, you might as well join them. Unlike the NFL, baseball offered the pay-TV operators minority ownership of the network. Satellite provider DirecTV owns 16.5% of the MLB Network, while the three largest cable companies - Comcast, Time Warner Cable and Cox Communications - together own another 16.5%. Major League Baseball owns the remaining two-thirds. "We watched the path that the NFL Network took, and we decided to take a different one," says Brosnan. "We decided early on that we'd be open to the possibility of giving ownership stakes...

Author: /time Magazine | Title: Baseball Takes a Swing at Its Own Network | 1/1/2009 | See Source »

...lowly capacity of light-bulb changer. At the hotel his ally is do-nothing Mickey (Russell Brand); his other adversary is the officious Aspen (Lucy Lawless of Xena renown); and the potential prize and troublemaker is Nottingham's sexy daughter Violet (Teresa Palmer). When Skeeter's sister (Courteney Cox) goes out of town, she entrusts him with her two children (Jonathan Morgan Heit and Laura Ann Kesling). Actually, she doesn't trust him, so she has her schoolteacher neighbor Jill (Keri Russell) keep a skeptical...

Author: /time Magazine | Title: Bedtime Stories That Miss by a Mile | 12/23/2008 | See Source »

...down market: a number of historically prominent mutual funds that long ago shut their doors to new investors are reopening. It's been years since anyone without an existing account could put money into some of the best-known names in the business, like Sequoia Fund, Dodge & Cox Stock, Longleaf Partners, Fidelity Magellan, Artisan Mid Cap Value, Oakmark Equityand Income, Vanguard International Explorer and Third Avenue Small-Cap Value...

Author: /time Magazine | Title: Exclusive Mutual Funds Reopen for Business | 12/1/2008 | See Source »

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