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...Philippine Sugar Estates Development Company committed fraud when he bought stock in his company without sharing information with the seller that soon boosted its value. But it wasn't until after the 1929 stock-market crash that Congress passed laws to limit such trading (although it didn't move to ban it outright) and created the Securities and Exchange Commission to enhance market oversight. As the stock market expanded in the 1960s, the SEC grew more aggressive in fighting insider trading, relying on a general prohibition against securities fraud. In 1987, the Supreme Court ruled that a former Wall Street...

Author: /time Magazine | Title: Insider Trading | 11/9/2009 | See Source »

...conveyor-belt sushi place anymore," he says. In 2001, when the yen was still rolling, Honda helped auction a Pacific bluefin at Tsukiji for about $220,000. It was one of the most expensive fish ever sold in Japan. "Maguro," Honda explains, "has a power to move people." (Watch TIME's video "Bluefin Tuna Catch...

Author: /time Magazine | Title: Hunting for Tuna: The Environmental Peril Grows | 11/9/2009 | See Source »

...Endangered Species? In October, Monaco formally proposed to register Atlantic bluefin on Appendix 1 of the U.N.'s Convention on International Trade in Endangered Species (CITES), a move that would temporarily ban its trade and transfer enforcement from ICCAT to governments. If trade is shut down, so would be fishing, and the Atlantic bluefin would have some time to recover, much as the humpback whale rebounded after being listed in 1975. Monaco's proposal, which all but six E.U. states voted to co-sponsor and which has U.S. support, will go before CITES for approval in March...

Author: /time Magazine | Title: Hunting for Tuna: The Environmental Peril Grows | 11/9/2009 | See Source »

...Archbishop's outspoken comments did not go unnoticed in Rome. In June 2008, Burke was unexpectedly transferred to the Vatican. The move was widely interpreted as a way to put some distance between Burke and the political contest in the States. "It was not unrelated to issues of political timing," observes Mark Silk, a professor of religion at Trinity College...

Author: /time Magazine | Title: Priests Spar Over What It Means to Be Catholic | 11/8/2009 | See Source »

...question now is whether the Vatican will move again to muzzle Burke. When he criticized Washington Archbishop Donald Wuerl last spring during a videotaped interview, he was forced to apologize less than 24 hours after the video aired. In early September, the bishop of Scranton, Pa. - a Burke protégé - abruptly resigned after a stormy tenure and was not reassigned. Veteran Vatican watchers took it as a sign that some Burkean antics - such as threatening to refuse Vice President Joe Biden Communion and disparaging the USCCB - would not be tolerated...

Author: /time Magazine | Title: Priests Spar Over What It Means to Be Catholic | 11/8/2009 | See Source »

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