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...time when investors around the world are having doubts about India's standards of corporate governance, the manner in which the Rajus managed to forestall questioning by SEBI raises questions about the government's earnestness to bring the guilty to justice. SEBI's lawyer told the Supreme Court earlier this week that the regulatory body issued summons to Ramalinga Raju to appear before it in Hyderabad on Jan. 9, two days after Raju publicly confessed to falsifying the company's profits. But that same day, Raju surrendered to state police and once he was in custody, SEBI investigators couldn...

Author: /time Magazine | Title: India Market Officials Probe Satyam Fraud | 2/5/2009 | See Source »

...inauguration of an American president bears all the signs of fine constitutional craftsmanship. As a people, we explicitly mandate that the president-elect assume his or her finely detailed duties at a precise time, on a specific day, and in a prescribed manner. The unambiguous character of our language has always rendered the recurrent execution of these commands—what Ronald Reagan characterized in his 1981 inaugural address as “nothing less than a miracle”—an awe-inspiring spectacle of constitutional clockwork...

Author: By Eric B. Lomazoff | Title: An Oath “Faithfully” Reenacted | 2/3/2009 | See Source »

...Brant, however, ruled that while selling books is constitutionally protected, the city reserves the right to implement time, place, and manner restrictions, and identified a 50-cent peddler’s permit that would allow Kibler to continue his business. According to O’Brien, Kibler soon left the bookstand...

Author: By Michelle L. Quach and Peter F. Zhu, CRIMSON STAFF WRITERS | Title: Square Bookseller To Close Bookstand | 1/28/2009 | See Source »

...Defense Secretary Robert Gates told reporters on Jan. 22 that he pushed for Lynn's hiring and the waiver it required. "I asked that an exception be made because I felt that he could play the role of the deputy in a better manner than anybody else that I saw," Gates said. The next day, Obama spokesman Robert Gibbs said Lynn would be getting one of a "very limited number of waivers" so he could assume the Pentagon post despite being a registered lobbyist for Raytheon from...

Author: /time Magazine | Title: Obama's Lobbyist Ban Meets a Loophole: William Lynn | 1/27/2009 | See Source »

...President Obama's envoy to promote U.S. interests in Afghanistan and Pakistan, Richard Holbrooke might consider the story of Amjad Islam. Islam, a schoolteacher in Matta, Pakistan, refused to comply when local Taliban leaders demanded that he hike up his trousers to expose his ankles in the manner of the Prophet Muhammad. The teacher knew Muslim teachings and had earned jihadist stripes fighting Soviet troops in Afghanistan in the 1980s. Their edict was wrong, Islam told the Taliban enforcers; no such thing had been demanded even by the Taliban regime in Afghanistan in the '90s. The scuffle that resulted left...

Author: /time Magazine | Title: Pakistan: A Mounting Problem for Obama | 1/26/2009 | See Source »

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