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...case is being billed as the largest hedge fund insider-trading case in history - its importance underscored by the fact that the feds got a wiretap to collect evidence, a technique normally reserved for drug busts and organized crime. "This is a monumental step for the government," says Stetson University law professor Ellen Podgor. "This is not the typical way you do a white-collar case." (See the top 10 crooked CEOs...
...unprecedented are the events unfolding in Chongqing, Sichuan province's largest city, that they are raising a slew of questions about their significance among both Chinese and foreign analysts. Could this be the beginning of a nationwide crackdown on corruption? Could the revelations about the role of the party damage the confidence of ordinary Chinese in their rulers? And is this really about corruption, or is it yet another manifestation of an intra-party struggle for power? (See pictures of the making of modern China...
...Taliban. The ANA ostensibly numbers some 95,000 troops right now, but its capacity to fight the Taliban remains difficult to assess. It is certainly not immune to the political conflicts driving the insurgency; it is dominated by an ethnic Tajik officer corps viewed with resentment by Afghanistan's largest ethnic group, the Pashtuns, who are also the Taliban's social base. Training may be just one challenge in developing an army willing and able to fight what at present would be seen as those on the side of foreign forces in the middle of a civil...
...Rajaratnam is a major foreign investor in the Colombo bourse individually as well as through Galleon. Rajaratnam has stakes in at least six banks listed in the bourse and in John Keells Holdings, the largest publicly traded company in the $10 billion market. The market fell 1.6% on Monday, the first day of trading after the Rajaratnam arrest. Brokers said the slide was a knee-jerk reaction to the arrest and could be weathered. "Sri Lanka is the flavor of the month and a lot of first-time international investors are coming in," says Murtaza Jafferjee, managing director...
...Qing is hardly the sort of writer whom China wanted to be given a platform at the Frankfurt Book Fair, the largest annual event of its kind. China was the fair's guest of honor this year, and the country's official representatives wanted to showcase a few young, popular novelists. Dai, 68, is a journalist and author of serious works on the environment in China and social affairs like women's rights. Thanks to her vocal criticism of the Three Gorges Dam, Dai can no longer find a publisher in mainland China. Her ideas on social issues in China...