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But what about people who work in less perilous, if equally unpredictable, environments - say, with children in public schools? Should teachers be randomly drug-tested too? Yes, says Linda Lingle, the Republican governor of Hawaii, where the teachers' union agreed in 2007 to negotiate terms of a new drug-testing...

Author: /time Magazine | Title: Should School Districts Drug-Test Teachers? | 2/5/2009 | See Source »

Harry Markopolos, the man who knew too much about Bernie Madoff, appeared in public on Wednesday, and this time the Securities and Exchange Commission (SEC) was listening.

Author: /time Magazine | Title: A Madoff Whistle-Blower Tells His Story | 2/4/2009 | See Source »

Markopolos said Madoff was earning 82% of the S&P 500's return with less than 22% of the risk, but his returns only had a 6% correlation when Markopolos expected "something like a 50%" correlation. "If your returns are coming from the S&P 100 stock index, you better...

Author: /time Magazine | Title: A Madoff Whistle-Blower Tells His Story | 2/4/2009 | See Source »

FINRA was created in July 2007 through the consolidation of NASD and the member regulation, enforcement and arbitration functions of the New York Stock Exchange. The former chairman of FINRA, Mary Schapiro, is now the new head of the SEC, selected by President Obama and approved by the Senate Banking...

Author: /time Magazine | Title: A Madoff Whistle-Blower Tells His Story | 2/4/2009 | See Source »

Some of the friction could just be cosmetic to appease both the progressive base and moderates. "It's the old routine of bad cop (Pelosi), good cop (Obama); partisanship vs. bipartisanship," says Stephen Wayne, a political science professor at Georgetown University. "It is also a bargaining tool to limit what...

Author: /time Magazine | Title: Obama vs. Pelosi: Can the President Work with the Democrats? | 2/4/2009 | See Source »

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