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...clear that a number of Chinese manufacturing operations are also letting people go although the businesses in that nation are not always forthcoming about their actions...

Author: /time Magazine | Title: Foreign Layoffs Start to Hurt U.S. Economy | 2/4/2009 | See Source »

...hearing was the committee's second in a series to help guide the most substantial rewrite of the laws governing the U.S. financial markets since the Great Depression. Ultimately, Markopolos asked the committee to "restructure" the SEC, calling it "nonfunctional" and "harmful to our nation's reputation as a financial leader...

Author: /time Magazine | Title: A Madoff Whistle-Blower Tells His Story | 2/4/2009 | See Source »

...from our menu. The FAO code is valuable in principle, an excellent guide to a more sustainable fishing industry, but it's voluntary and lacks the teeth needed to save the world's fisheries. Of course, the very global nature of fishing, which often takes place outside any single nation's territory, makes it a classic tragedy of the commons. It's to the individual profit of any one fisherman, or any one nation, to keep fishing as long as possible - but if everyone abandons the code and fishes unsustainably, it will only hasten global fishery collapse...

Author: /time Magazine | Title: How Not to Save the Fish | 2/4/2009 | See Source »

...Geithner, who was found to have delayed payment on $34,000 worth of income taxes. All things considered, the tax mishaps may have been honest mistakes, and none of the cases seem particularly egregious. However, at such high levels of government, even the smallest skeletons in the closet make national headlines. In the midst of two wars, a struggling economy, and a fledgling administration, the last thing Americans need is a reason to distrust their leaders. When those at the helm neglect such basic laws, voters cannot help but question their motives. Being in such visible public positions, Daschle, Killefer...

Author: By The Crimson Staff | Title: Taxation and Our Representation | 2/4/2009 | See Source »

...Having brought the LTTE insurgency to the verge of collapse is a triumph for President Rajapaksa, who has revitalized the Sri Lankan armed forces through a massive injection of funds that has boosted everything from tactical capability to morale. Some 20% of the nation's budget is now devoted to military spending (6% of its GDP), and the boost in resources has, over the past nine months, helped the military make steady gains against what had once seemed intractable positions held by the rebels. Some have taken Colombo's example as a message for counterinsurgency efforts elsewhere...

Author: /time Magazine | Title: How Sri Lanka Tamed Its Tigers | 2/3/2009 | See Source »

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