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...start but far from enough for an agency considered to be at the heart of restoring investor confidence in the U.S. financial system. "These are good first steps, but they aren't any silver bullet," said Bruce Carton, a former SEC enforcement officer and publisher of the securities-enforcement report the Securities Docket. "These are all bureaucratic obstacles that never should have been there in the first place. It will certainly expedite things, but it won't catch a Madoff." Real change, he said, "is all about putting more people in enforcement and training them...

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

...while short-term costs might seem painful during an economic slump, cities will be keen to press longer-term benefits. "The London 2012 Games will provide economic gold at a time of economic need," Tessa Jowell, Britain's Olympics Minister, wrote in the latest annual report on progress toward 2012. That will mean 100,000 contract jobs to stage the Games - of those currently working on the Olympic site, one-tenth were previously unemployed - with half as many long-term positions created in the park and surrounding area. "The Games remind us," Rogge said on a recent visit to London...

Author: /time Magazine | Title: In Hard Times, Olympic Plans Go On a Budget | 2/10/2009 | See Source »

While we applaud him for taking the route of honesty rather than elongating the investigation, as other players have chosen, the striking nature of this report is deeply troubling both to Major League Baseball and sports in America as a whole...

Author: By The Crimson Staff | Title: Error to the Third Baseman | 2/10/2009 | See Source »

...Career Services.In her speech on Friday evening, Faust announced the actions the University plans to take towards fulfillment of the recommendations made in December by the Task Force on the Arts, a committee that she commissioned in the first months of her presidency.The Task Force’s report called for increased art production in the curriculum and a greater presence for art on campus.“Arts abound at Harvard,” Faust said, noting that nearly half of all extracurricular activities at the University are dedicated to the arts. But she said that Harvard has separated...

Author: By Alex M. Mcleese, CRIMSON STAFF WRITER | Title: From Passions to Professions | 2/9/2009 | See Source »

Flight Plans. Domestic airlines will be carrying 6.6% to 8% fewer passengers in 2009, according to a new report by the Boyd Group. Airlines will respond to the decline by cutting capacity 10% - but if they don't raise fares now, they'll still lose an estimated $7 billion in revenue this year. Which could result in more add-on fees for travelers or fare hikes down the line. The Boyd group is not predicting a return to 2008 capacities until...

Author: /time Magazine | Title: Fashion Week's Couture Tea Cakes and Other Travel News | 2/9/2009 | See Source »

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