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...More recently, Wikileaks updated the list, and the Minister acknowledged the similarities but stood firm on proceeding with testing the Internet-filtering software. "Does the [leaked list] mean we are going to stop blocking access to the sites? No. People can continue to put up the lists if they are proud to do that," he told a press conference in Sydney. "It is completely untrue that the leaked blacklist contains political content. This is a list which contains sites that promote incest, rape, child pornography and child abuse...
...major arguments against the level of regulation that the Administration would like. The first is that regulations do not prevent people from acting rashly or dishonestly. Rogue traders can still lose hundreds of millions of dollars on an investment bank trading floor with a PC and access to their firm's capital. Inside trading and naked shorting of stocks happen all the time, although both are illegal. Fighting regulation because some people refuse to be regulated turns out to be indefensible because the alternative is chaos...
...clear that the Citigroup board did not come close to performing its fiduciary responsibility related to risk and that the risk management staff within the company never understood the exotic mortgage-backed paper that the firm was holding. Or, worse, the risk managers may have known what was happening and were afraid to risk their jobs by blowing the whistle...
...news around the corner. "If you believe as I do that we'll be coming out of recession by year end, then this is about the time you would expect to see the start of a cyclical bull market," says Stephen Leuthold, president of Leuthold Group in Minneapolis, a firm with $5 billion in assets. Leuthold has studied stock markets and recessions going back to 1860. "We found that in all but two instances, the stock market began to recover about 50% to 60% of the way through the recession. I'm optimistic right...
Although the ISI's association with the Taliban has hardly been a secret, some observers caution against rushing to judgment. Robert Grenier, a former CIA station chief in Pakistan, says "this is a very complicated, very nuanced situation." Grenier, now with the security firm Kroll Associates, explains that the ISI operatives who have links to "people we regard as enemies are not so much trying to aid them against America as preparing for a future when Americans and NATO are no longer in Afghanistan." In such a future, "the Pakistanis would be reluctant to concede the field to people whom...