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...feel the adrenaline, lose the rush the week after, and bump it to $1000, looking to find the thrill again. For one Harvard undergrad who usually plays a couple hours of online poker a day, his approach to the game differs substantially from that of a professional. Upon the encouragement of his roommate, an experienced player, the individual began playing online his freshman fall and soon found the game “addicting.” The most he’s won in a sitting is $650—but in total, he’s $200 down...
...Rajaratnam and Danielle Chiesi, a portfolio manager at another hedge fund, apparently discuss how to avoid attracting the attention of regulators. In another, the two contemplate whether the senior vice president at IBM would be more valuable to them at a different firm. In a third, Chiesi, upon sharing non-public details about an upcoming reorganization of the microchip maker AMD, tells an alleged co-conspirator: "You put me in jail if you talk ... I'm dead if this leaks. I really am ... and my career is over. I'll be like Martha f______ Stewart." Both Rajaratnam and Chiesi have...
...Security Council exists to maintain the peace and security of the international community—no other UN body can impose mandatory decisions upon member states. With such responsibility, it makes sense that the great military powers of the world—the United States, China, and Russia—all hold permanent seats. The two-year inclusion of five other countries, however, demonstrates just how limited non-permanent members’ influence must be. Bosnia is a nation divided, barely functioning as a country. It must look inward to reviving its own government in addition to now presumably eyeing...
Thus, while we congratulate the new non-permanent members for their upcoming stints on the Security Council, we call upon the permanent members to consider the difficult task of self-reform. Revising the Security Council now falls under their stated mandate, the long-term security of the global community...
...support a tax change, called a "loss carryback," that would allow money-losing companies to more quickly get tax refunds. Another provision under consideration would extend tax breaks that would allow companies to quickly write off the costs of new purchases. Though many of these provisions could be acted upon before the end of the year, another stimulus proposal to send more federal money to cash-strapped states in 2011 is likely to be put off another year. The February stimulus bill provided about two years of additional state funding. (Read "How to Spend a Trillion Dollars...