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What concerns the American Civil Liberties Union and others is the accumulation and storage of the vast amount of data collected by the scanners. "We were disturbed when we began to see the technology used as a generalized surveillance tool," says Jay Stanley, a spokesman for the ACLU. Privacy advocates worry, for example, that the data could be used to examine who attended a political event or protest. (See the 50 worst cars of all time...
...LAPD's data storage is a particular concern, Stanley says. Before putting the scanners in the field, the department met with the ACLU and discussed concerns, according to LAPD Commander Patrick Gannon. "We would like to be able to use them for other things, but there was a lot of push back on that, and so they are limited to certain units and uses like auto theft," Gannon says. (See 50 essential travel tips...
...grapple with the war he inherited, President Obama has made several important changes. He and Gates fired the top U.S. commander in Afghanistan in May, replacing him with General Stanley McChrystal, who is currently in the middle of a 60-day assessment of how to turn the Afghan war around. Obama is dispatching an additional 21,000 U.S. troops there this year, bringing the total to 68,000 by 2010. His commanders recently ordered 4,000 Marines into Helmand province to begin the long process of "clear, hold and build" - driving the Taliban out of its strongholds, staying there...
...earnings report reveals that Citi is still struggling to extricate itself from the credit crisis. All of Citi's profits and then some in the second quarter were the result of a onetime gain on the sale of 50% of the company's Smith Barney brokerage division to Morgan Stanley. Take that out as well as some other onetime events, and CreditSights' Hendler says the company actually lost 70 cents a share, or about 30% more than it did in the same three-month period a year ago. (See the top 10 bankruptcies...
...fascinated by how even in the midst of an economic boom, corporate downsizings were rampant - and how each time a company announced a major layoff, its stock rallied. What she found from her perch at Bankers Trust - and later in interviews with people at firms such as Morgan Stanley, Merrill Lynch, Lehman Brothers, Goldman Sachs, JPMorgan, Salomon Brothers, Kidder Peabody and Lazard - was that it wasn't just an ideological commitment to boosting shareholder value that drove decisions to merge, break up and restructure companies, but also the work culture of Wall Street itself. Ho, now a professor...