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...surprisingly, Thomsen's "dead man walking" status officially changed late Monday, when the SEC announced that its top cop had decided to call it quits and return to the private sector. Thomsen joined the agency in 1995 and became its enforcement chief...

Author: /time Magazine | Title: Mary Schapiro Moves Quickly to Shake Up the SEC | 2/11/2009 | See Source »

...while Thomsen's press-release drafts were still being proofed, the SEC announced on Monday that it had reached an agreement with Madoff over a partial judgment on civil penalties related to his alleged masterminding of the now infamous $50 billion Ponzi scheme, considered the largest in history. A Ponzi is a fraud in which money from new investors is used to pay off previous investors...

Author: /time Magazine | Title: Mary Schapiro Moves Quickly to Shake Up the SEC | 2/11/2009 | See Source »

...long run for a short-term spending orgy. They also object to what even moderate Republicans worry are cumbersome strings attached to the federal largesse. "I will oppose any stimulus package that results in federal control over state-administered programs," said Barbour. Sanford, who on Monday night had to listen to Obama in his White House press conference take a swipe at dilapidated 19th century South Carolina school buildings, asserted last week that the stimulus will "serve to prolong and deepen this economic slowdown...

Author: /time Magazine | Title: GOP Governors: Split over Obama's Stimulus Plan | 2/10/2009 | See Source »

...Sanford and other conservative governors have staked out some justifiable positions on the stimulus," says Leslie Lenkowsky, a public-affairs professor at Indiana University who served in George W. Bush's Administration with Indiana's Republican governor, Mitch Daniels. (Daniels also offered the stimulus support before Obama on Monday visited his state, another GOP stronghold that, like Florida, went for Obama.) "But I would find it amazing if in the end they didn't accept the money. The job of a congressional opposition is to oppose, but the job of state governors is to make state government work...

Author: /time Magazine | Title: GOP Governors: Split over Obama's Stimulus Plan | 2/10/2009 | See Source »

...into the cracks of Jerusalem's ancient Western Wall is a time-honored practice among Jews seeking God's help, so it's hardly surprising that visiting the sacred site with a message for the Almighty has become an election-eve ritual for Israeli politicians. At twilight on Monday, Israel's most controversial politician, Avigdor Lieberman, arrived with a phalanx of bodyguards and photographers and threaded his way between the black-hatted ultra-Orthodox men praying at the Wall to twist his message into a crack between the stones...

Author: /time Magazine | Title: Right-Winger Emerges as Israel's Kingmaker | 2/10/2009 | See Source »

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