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...seek third-party verifications on the trades, the report said. In many cases, the report said, "an inexperienced examination team" was assigned the investigation and many of the team's members were not familiar with trading practices and simply accepted Madoff's explanation that he used his "gut feel" to time the market on the basis of "his observations of the trading room." According to the report, examiners stated that "there was no training" and that "this was a trial by fire kind of job." It also said that examination team was "composed entirely of attorneys, who ... 'did not have...

Author: /time Magazine | Title: SEC Internal Review Cites Multiple Failures on Madoff | 9/2/2009 | See Source »

...reckon with that nagging feeling in the gut when confronted with the statistics—that last year the U.S. military employed twice as many drones as it did manned fighter planes, that the total number of military drones has increased drastically from 167 in 2001 to 5,500 today, that under Obama’s presidency alone we’ve already ordered dozens to eliminate al Qaeda and Taliban operatives? CNN.com blithely reports on one Major Morgan Adams, who pilots a Predator sending Hellfire missiles into Iraq and Afghanistan: “He kisses his wife goodbye, drives...

Author: By Jessica A. Sequeira | Title: Enter the Drone | 9/1/2009 | See Source »

...PNAS team's work was possible only because the honeybee's genome is one of the few animal genomes that scientists have decoded in full. The researchers looked at the genes that were switched on in the guts of sick and healthy bees - the gut being both the place pesticides are detoxified and the main region for immune defense. The technique they used is what's known as a whole-genome microarray, and it's ideal for this kind of sweeping analysis. "It's a really powerful tool that lets us look at all 10,000 honeybee genes...

Author: /time Magazine | Title: New Clues in the Mass Death of Bees | 8/24/2009 | See Source »

...other than making sure his good side faces the camera, Adelson doesn't seem worried about much besides his exercise-and-diet plan to reduce the gut he's added since he began to need a walker to get around. "If you believe what you read in the newspaper about us, we have one foot in the pail of bankruptcy and the other foot on a banana peel, and there's a high wind. It's all wrong," he says. Adelson, always a self-believer, has reinvested more than $1 billion in his company. But he has also fired...

Author: /time Magazine | Title: Less Vegas: The Casino Town Bets on a Comeback | 8/14/2009 | See Source »

...Everyone I spoke to—left-leaning, flexibly minded, young and middle-aged people—was, at least on the gut level, sympathetic to the ban. Yet, as abhorrent as the burqa is to me, the notion of legislating an outright ban was something that, with my American gut, I could not swallow...

Author: By Clay A. Dumas | Title: The Melting Pot Beckons | 8/11/2009 | See Source »

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