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...actually have in hand, and have not made arrangements to have. Naked shorting allows traders to potentially manipulate stocks. The SEC is also considering an emergency order forcing hedge funds, which employ short selling as part of their trading styles, that have a $100 million portfolio to report their short positions daily. The implicit threat is, We will know who you are. (Long positions are already known by the SEC.) Also on Thursday Britain said it will ban all short selling of financial stocks until at least next January, while New York Attorney General Andrew Cuomo announced that...

Author: /time Magazine | Title: Are Short Sellers to Blame for the Financial Crisis? | 9/18/2008 | See Source »

...World Health Organization (WHO) has cut its global estimate of yearly malaria cases by more than 100 million, according to a report released Thursday by the health agency. Almost all of that downward revision was attributable to updated surveillance numbers - mostly in Asia, and particularly in India - rather than a measurable reduction of actual malaria cases, agency staff said...

Author: /time Magazine | Title: Global Malaria Estimates Are Reduced | 9/18/2008 | See Source »

...last World Malaria Report in 2005, tallied the global incidence rate at between 350 million and 500 million new cases of malaria per year. The current report downgrades that figure to 247 million. Likewise, where the last report claimed that the disease kills "more than 1 million" people each year, the 2008 update, which is based on 2006 data (the most recent numbers available), suggests that figure is now closer...

Author: /time Magazine | Title: Global Malaria Estimates Are Reduced | 9/18/2008 | See Source »

...ascribes most of the current revision to a reassessment of the malaria epidemic in Asia (although the vast majority of malaria cases and deaths still occur in Africa, where the numbers for the continent remain mostly unchanged). Much of the Asian data, which was used in the 2005 WHO report to predict which regions had malaria-carrying mosquitoes - and therefore higher disease incidence - was already 40 years old, says Mac Otten, coordinator of the surveillance, monitoring and evaluation unit at the WHO's Global Malaria Program. Over the past four decades, the situation across Asia has changed dramatically. "With urbanization...

Author: /time Magazine | Title: Global Malaria Estimates Are Reduced | 9/18/2008 | See Source »

...Yemeni source familiar with the initial government intelligence report on the incident told TIME that suspected militants tied to al-Qaeda were responsible and that it involved substantial weaponry, ample funding and elaborate planning. Officials believe the timing of the 9:15 a.m. attack was designed to catch security personnel off guard after their rising early for the predawn sohour meal before beginning the day's Ramadan fast. In an apparent effort to enter the embassy compound without firing a shot, the terrorists, officials believe, pulled up to the first perimeter checkpoint in a vehicle, impersonating uniformed Yemeni personnel...

Author: /time Magazine | Title: In Yemen, a Massacre of Americans Is Averted | 9/17/2008 | See Source »

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