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...page report, released Wednesday, outlines a series of fumbles in which SEC staff either failed to follow up on complaints, wrongly accepted Madoff's confusing and inconsistent answers to questions or in some cases involved junior staff who didn't understand options-trading and Ponzi schemes. (See the top 10 crooked CEOs...

Author: /time Magazine | Title: SEC Internal Review Cites Multiple Failures on Madoff | 9/2/2009 | See Source »

...seriously, this makes perfect sense.  Today is Monday, tomorrow is Thursday, Friday is Friday, we have no classes Monday, Tuesday is Tuesday, and Wednesday is Wednesday...

Author: By Aparicio J. Davis | Title: Today is Monday | 9/2/2009 | See Source »

...most high-profile attack on an elected official in recent years, Pakistan's Religious Affairs Minister survived a brush with death after gunmen opened fire on his official car in the heart of Islamabad on Wednesday. The minister, Hamid Saeed Kazmi, was shot in the leg, but is stable and undergoing treatment at a nearby hospital. The attack killed his driver...

Author: /time Magazine | Title: Pakistani Minister Survives Terrorist Attack | 9/2/2009 | See Source »

...Wednesday's shooting has raised fears of a renewed campaign of violence in Pakistan's major cities after a lull following the counterinsurgency operation in the northwest Swat Valley and the assassination of Taliban commander Baitullah Mehsud, who was killed in a CIA drone strike on Aug. 5. (Read: "Hakimullah Mehsud: The New Head of Pakistan's Taliban...

Author: /time Magazine | Title: Pakistani Minister Survives Terrorist Attack | 9/2/2009 | See Source »

...effort to help spread the load across Europe, the European Commission unveiled new plans on Wednesday for resettling refugees, arguing that the European Union should "take on a greater share of the burden of meeting resettlement needs worldwide." The scheme could save lives as it aims to discourage people, mainly Africans, from trying to reach Europe illegally, crowded onto rickety boats or hidden in trucks. The Amsterdam-based NGO United Against Racism estimates that, since 1993, over 13,250 hopeful refugees have died while trying to reach Europe. (See pictures of refugees fleeing fighting...

Author: /time Magazine | Title: Europe Moves to Open Doors to More Refugees | 9/2/2009 | See Source »

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