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...Jan. 15 the SEC shut down James Ossie's high-flying currency trading outfit, CRE Capital Corp., based in Atlanta, and charged Ossie with allegedly bilking 120 investors out of $25 million. Not exactly Bernie-level action, but for investors who believed Ossie's "little-risk currency-trading contracts" pitch, it goes down as a dark day for their bank accounts...

Author: /time Magazine | Title: Beyond Madoff, Ponzi Schemes Proliferate | 1/23/2009 | See Source »

George Mitchell likes to say that any conflict can be resolved, and during a storied career, he's repeatedly put that mantra to the test. Mitchell, the former U.S. Senate majority leader whom President Barack Obama appointed special envoy to the Middle East on Jan. 22, has earned a reputation as a diplomat capable of untangling the world's knottiest disputes. Since leaving the U.S. Senate fifteen years ago, Mitchell has helped broker a peace agreement in war-torn Northern Ireland, spearheaded a Clinton Administration committee on Middle East peace and investigated steroid use in baseball. Forging a resolution...

Author: /time Magazine | Title: Middle East Envoy George Mitchell | 1/22/2009 | See Source »

...serious commitment by the new administration to addressing the Arab-Israeli crisis. He has real negotiating experience in Northern Ireland and the Middle East and he understands the requirements of both sides." - Aaron David Miller, a U.S. negotiator steeped in Middle Eastern diplomacy, on Mitchell's appointment. AP, Jan...

Author: /time Magazine | Title: Middle East Envoy George Mitchell | 1/22/2009 | See Source »

...neither pro-Israeli nor pro-Palestinian. He's, in a sense, neutral." -Martin Indyk, former U.S. ambassador to Israel, praising Mitchell's appointment. New York Times, Jan...

Author: /time Magazine | Title: Middle East Envoy George Mitchell | 1/22/2009 | See Source »

...hasn't been even-handed-it has been supportive of Israel when it felt Israel needed critical U.S. support. So I'm concerned. I'm not sure the situation requires that kind of approach in the Middle East." - Abraham Foxman, director of the Anti-Defamation League. The Jewish Week, Jan...

Author: /time Magazine | Title: Middle East Envoy George Mitchell | 1/22/2009 | See Source »

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