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...agreement does not affect criminal charges against Madoff, once considered the smartest man on Wall Street, but it may signal a move on the criminal-plea bargaining front, according to Coffee. "This usually means the defense side is ready to give a little," he said...

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

...more rapid approval of formal investigation orders and commission permission slips, Schapiro is now allowing SEC enforcers to more easily move from informal investigations to securing subpoenas for witness testimony and documents by abolishing the agency's onerous "pre-approval" process. The process, which began at the beginning of all serious investigations, required all five SEC commissioners to be present and "pre-approve" any major investigation. The problem: it often took weeks before all the commissioners could come together in one room...

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

...this package as a pragmatic, commonsense opportunity to move forward," Crist, who appeared with Obama in economically beleaguered Fort Myers today to tout the stimulus, told TIME on Monday night. "I didn't campaign for Obama, we don't agree on everything, but he's my President, and my job is to help Florida stay in the black." Introducing Obama at the town-hall meeting, Crist said it was not just important "that we support this stimulus package" but that "we do it in a bipartisan way ... It's about rising above" partisanship...

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

...shrewd campaign move in light of recent warnings by several prominent rabbis that casting a vote for Lieberman would be "strengthening Satan." A burly Soviet immigrant to Israel in the 1970s - his Hebrew still retains a Russian inflection - Lieberman provoked the rabbis' ire not only because he is a secular Jew, but also because his tough, anti-Arab slogans are luring many hawkish Israelis away from religious parties. A trip to the Western Wall was a way for Lieberman to underline his kosher credentials. (See pictures of Israel's war in Gaza...

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

When Lee Byeon Chun looks back four years to when he helped clone the world's first dog, he confesses it was a stressful time. All of his colleagues, he says, were obsessed with the puppy - an Afghan hound named "Snuppy," overanalyzing its every move and whimper in the lab. "I would sleep there sometimes," says Lee, who now heads a team of scientists and researchers at Seoul National University. Today, Lee does not devote all his waking hours to Snuppy, who still lives in the campus lab kennel. He now has a lab full of other cloned canines...

Author: /time Magazine | Title: South Korea's Pet Clone Wars | 2/10/2009 | See Source »

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