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...trading room." According to the report, examiners stated that "there was no training" and that "this was a trial by fire kind of job." It also said that examination team was "composed entirely of attorneys, who ... 'did not have much experience in equity and options trading' but 'rather, their experience was in general litigation.' " (See pictures of a Madoff family album...

Author: /time Magazine | Title: SEC Internal Review Cites Multiple Failures on Madoff | 9/2/2009 | See Source »

...would impact America state by state. What's needed now is a similar service for the world. At the Geneva conference, the plan is to create a Global Framework for Climate Services, a kind of NOAA to the world that can update predictions on global warming as they happen - rather than waiting for years. This is especially necessary for developing nations, especially in the tropics, which are more vulnerable to the impact of global warming, like droughts or major storms, even as they tend to lack domestic scientific capacity...

Author: /time Magazine | Title: In Geneva, Designing a Global Climate-Alert System | 9/2/2009 | See Source »

...table,” replaced by non-profit cooperatives that studies have shown will not effectively lower insurance costs, supposedly their biggest selling point. In fact, the public option has been sidelined by many as a far-left fixation—as socialized medicine—rather than what it actually is: an option, one that would compete with and keep in check insurance companies that care about our health about as much as the inventors of fried dough. The Democratic Party seems disorganized and fragmented. And, perhaps most surprising, Obama and his administration, the masters of messaging, seem...

Author: By Michael D. Zakaras | Title: Bigger than Health Care | 9/2/2009 | See Source »

...focused on changing the Constitution so he can run for a third term while the other candidates are vowing to ape his security policies while failing to focus on the blind spots - like the alarming number of displaced persons. "People think things are going so well so they would rather not admit there's a problem," says Rojas, of Codhes. "It's the politics of sticking your head in the sand...

Author: /time Magazine | Title: If Colombia Is Winning Its War, Why the Fleeing? | 9/1/2009 | See Source »

...None of this probably bothered Gaddafi, say Libya watchers, who believe the absences in the VIP stands were a superficial show of protest at Libya's reaction to al-Megrahi's release, rather than a sign of a rift between Libya and the West. "This is a significant country with an unusual leader, who uses his wealth to conjure up influence in places like Africa," says Richard Dalton, who was Britian's ambassador to Libya until 2002 and is now a fellow at the London think tank Chatham House. For the West, he says, Gaddafi is "much better to work...

Author: /time Magazine | Title: Lockerbie Bomber's Release Casts a Shadow Over Gaddafi Celebration | 9/1/2009 | See Source »

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