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Thousands have since been downgraded. "We need to consider alternatives to the issuer-pay model," SEC commissioner Elisse Walter said in a speech in March. One idea: level the playing field so that new competitors, like smaller agencies that charge investors instead of issuers, can better compete. Another option: a tax on investors, issuers or even the public at large in order to create a central pool of money with which to buy ratings to be made public. (See the best business deals...

Author: /time Magazine | Title: The SEC's Next Challenge: Fixing the Ratings Agencies | 4/15/2009 | See Source »

...reasons it will take the stock market a very long time to get back to the level where it traded when the DJIA was above 14,000 is because the average stockholder believes that he was cheated. Corporations promoted their prospects. Almost none of them warned of the downturn in the economy or in their own business. Public companies turned themselves into charlatans, not because of what they said, but because of what they did not say. When businesses went bad, nearly everyone at big American companies became quiet. For Wall St. the silence was a betrayal and one which...

Author: /time Magazine | Title: Intel and the PC World: The Investor Feels Betrayed | 4/15/2009 | See Source »

...Weiler said. “I don’t think I’ve ever had that before.”The opportunity to compete at the HYOC meet has been yet another crucial experience to help Weiler transition from high school to the collegiate level.“Anytime you go from high school to college, there are all sorts of adjustments that need to be made,” Saretsky said. “Nico’s had to work hard to make these transitions, but he’s really rounding into form...

Author: By Kevin T. Chen, CRIMSON STAFF WRITER | Title: ATHLETE OF THE WEEK: Freshman Soars Over Competition | 4/14/2009 | See Source »

...Questioning what constitutes “waste” in military procurement is difficult. Much like with the domestic stimulus, at some level it is possible to point to nearly any unwanted spending and declare it to be waste. Looked at more dispassionately, what is referred to as “waste” simply boils down to a disagreement between the government and contractor on how the contract or requirements are interpreted...

Author: By Daniel A. Handlin | Title: Planning for Defeat | 4/14/2009 | See Source »

...records and personnel from the British intelligence community as well as from ministries with oversight of the security services and perhaps even to the pinnacles of decision-making in Westminster - and Washington. "It would be very surprising if the decision [on Mohamed] was not taken at a high level. The question is how high," says Stafford Smith, who is also the director of the legal charity Reprieve. During a live broadcast of Britain's nightly Channel 4 News on March 26, the attorney was more explicit. "The British investigation cannot just stop at the British people because the real torturers...

Author: /time Magazine | Title: Will the U.S. Help Britain with Its Terror Probe? | 4/14/2009 | See Source »

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