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Marijuana advocates believe that what happens with Lynch will be a bellwether for other individuals facing charges related to medical marijuana. "All of these people are in a wild state of flux that Mr. Holder and Mr. Obama have placed them in," says Allen St. Pierre, executive director of NORML. "[Lynch] is the case that will probably inform society where we're going to go on this because he got arrested under the Bush Administration. He was a Main Street medical distributor who enjoyed the support of the town council, the mayor - quintessential local acceptance. His case has been caught...
...Treasury Secretary Geithner has told Congress that he would like to regulate Wall St. right down to the foundations of all of its buildings. That includes hedge funds, private equity firms, and traders of exotic financial instruments which may include credit default swaps and financial derivatives. Investment advisors like Mr. Madoff would also be watched more carefully by the government. In the Secretary's own words, "What we need is better, smarter, tougher regulation, because we've seen the costs of these weaknesses and gaps are catastrophic to the system as a whole." (See pictures of the global financial crisis...
...reaction of Le Pen's fellow MEPs was one of indignation and rage. Backed by a huge majority of legislators, the push to deny the French politician his moment as president now looks a virtual certainty. "Mr Le Pen's negationist remarks, reiterated once again in the European Parliament, disqualify him from chairing the inaugural session of our institution for even a second," said Joseph Daul, the French leader of the Christian Democrats in the parliament. "In this symbol of the reconciliation of European people, it would be an extremely bad signal for our citizens and the world," agreed Martin...
...bringing the day of the massive Bond-esque touchscreen ever closer. The button may be on its last legs, but may I offer one humble request: Please, leave them in elevators. Making 23 separate stops on the way up to work isn't my idea of a gleaming future, Mr. Jobs...
Perhaps the most important part of any analysis of Citi's future is that it is not out of the "toxic paper" woods, as much as Mr. Vikram Pandit, the company's CEO would have people think. According to Bloomberg, the IMF predicts that losses from U.S. loans and securitized assets will reach $2.2 billion. Only about half of that amount has been written off on bank balance sheets, and over the 60 days since the agency put out the figure, it has not been revised. (See pictures of the Top 10 scared traders...