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Dates: during 2000-2009
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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...
While the Obama Administration cannot reverse the charges against Lynch, St. Pierre says it has great latitude over his sentencing. (State prosecutors have recommended the minimum mandatory sentence of five years in federal prison.) "They could commute his sentence. They can pardon his sentence," says St. Pierre. "That will be very demonstrative as to what this new Administration will do about medical marijuana. They can influence it. They can dial back what had been overt federal opposition to medical marijuana and allow, as they should have from the beginning, local mores and values to dictate who is going...
...launch date back in August of 2007, when the economy was relatively rosy. "That's life," says Kristine Lilly, a two-time Olympic champ who plays striker for the Boston Breakers (the WPS will also have teams in the Bay Area, Chicago, Los Angeles, New Jersey, Washington, D.C. and St. Louis. A Philadelphia franchise will start next season). "When we made plans to start this league, we didn't think the economy was going to be in the state that it's in. So you roll with it." (Read a Q&A with Major League Soccer Commissioner Don Garber...
...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...
...India's outsourcing giant WiPro (WIP) recently posted mediocre financial results, especially based on Wall St expectations. Its stock traded for $14 a little over a year ago. Recently it was as low as $5. Wall St. expects that the situation at the firm is going to get worse. The other large outsourcing operation in India, Infosys (INFY), is also doing poorly...