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...again been proposed as a viable solution—relying solely on a subscription service does not bring in enough revenue to allow rating agencies to innovate and keep up with increasingly complex financial products. Other officials have focused on fixing the mechanics of this structure. New York Attorney General Andrew Cuomo, for example, announced an agreement with rating agencies in June in which issuers simply pay for rating agencies to review the securities with no requirement to produce a rating. Relieving this pressure to produce could foster objectivity and minimize conflicts of interest. In that case, though, the problem...

Author: By Noah M. Silver | Title: Risky Business | 4/21/2009 | See Source »

...Because sleep deprivation appears to cause at most only relatively moderate decreases in pain tolerance, the use of these techniques in combination with extended sleep deprivation would not be expected to cause severe physical pain," wrote Steven Bradbury, a principal deputy assistant attorney general in the Office of Legal Counsel, who authored the memos...

Author: /time Magazine | Title: Scientists Claim CIA Misused Work on Sleep Deprivation | 4/21/2009 | See Source »

...controversy over interrogation and detention practices at Guantánamo has centered on the CIA, the SASC report puts the spotlight firmly on the Pentagon - specifically on former Defense Secretary Donald Rumsfeld, his DOD lawyer Jim Haynes, his policy chief Douglas Feith, Guantánamo commanders Major General Michael Dunleavy and Major General Geoffrey Miller, and a raft of other DOD officials. It offers a detailed account purporting to show how these officials - some of them knowingly, others unwittingly - allowed SERE techniques to be used for interrogation. It suggests, too, that many SERE experts and military lawyers raised concerns about...

Author: /time Magazine | Title: Report Details Pentagon Role in Torture Tactics | 4/21/2009 | See Source »

...process began in December 2001, when the DOD's office of general counsel asked the Joint Personnel Recovery Agency (JPRA), which oversees the SERE program, about detainee "exploitation." Within a few months, SERE trainers were training military interrogators bound for Gitmo. (The JPRA would also pass on its expertise...

Author: /time Magazine | Title: Report Details Pentagon Role in Torture Tactics | 4/21/2009 | See Source »

...then, the Department of Justice's Office of Legal Counsel (OLC) had already issued two legal opinions, signed by Assistant Attorney General Jay Bybee, declaring that the techniques did not amount to torture. JPRA training for Gitmo interrogators was stepped up. In December 2002, with Rumsfeld's authorization, officials of the Joint Task Force at Gitmo devised a standard operating procedure for the use of many SERE techniques to interrogate detainees...

Author: /time Magazine | Title: Report Details Pentagon Role in Torture Tactics | 4/21/2009 | See Source »

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