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...where she said "they have asylums where they put people like me." She said her death would be a Muslim "honor killing," the kind of murder that women in deeply conservative Muslim societies are sometimes victims of when they're deemed to have shamed their families. (The U.N. Population Fund estimates that there are as many as 5,000 worldwide honor killings every year.) Rifqa said that her father, upon discovering her Facebook profile and its declarations of her Christian faith, told her, "If you have this Jesus in your heart, you're dead...
...European companies are especially drawn to Libya because its so close to Europe; Italy, for example, avoids giant shipping costs involved in importing oil and gas from the Persian Gulf, by bringing in natural gas through a pipe under the Mediterranean. Libya is keen for investment to help fund much needed work in roads, rail links, telecommunications, and even on its oil rigs. Libya's Soviet-era military equipment is also in bad need of an overhaul, and France, Britain and Russia are all vying for multi-billion-dollar defense contracts. "Libya can offer a lot of investment opportunities," Zainy...
...Good to Be True: The Rise and Fall of Bernie Madoff by Erin Arvedlund (Portfolio) carefully details how Madoff's marks, some of them supposedly sharp hedge-fund managers, became feeder funds for Madoff's enterprise by willfully or negligently failing in their due diligence to check out the bogus Madoff claims. "The same people did more research on buying a car than they did on the man who handled their money," she writes...
Arvedlund goes down the list of entities that were on notice about Madoff's "trading," and she holds particular contempt for the all-but-absent SEC ("one of the most dysfunctional and inept periods in the commission's history"). Also in her sights: Fairfield Greenwich, a tony hedge fund that funneled more than $7 billion into Madoff's pockets, and J. Ezra Merkin, a major-league Manhattan investor who received a staggering $470 million in fees from Madoff. Merkin vacuumed up $2.4 billion from a veritable Who's Who of Jewish New York, including Holocaust survivor and Nobel Prize winner...
...tells the story of Harry Markopolos, a flawed whistle-blower who tracked Madoff's misdeeds for almost a decade. An eccentric math genius, Markopolos waved his findings in the face of the SEC--he gave them a pointed memo in 2005 that was titled "The World's Largest Hedge Fund Is a Fraud," but also made it clear that he wanted a reward for his efforts. Maybe the SEC should have paid him--it could have saved billions...