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...first real crackdown against the practice came in 1909, when the U.S. Supreme Court ruled that that a director of the Philippine Sugar Estates Development Company committed fraud when he bought stock in his company without sharing information with the seller that soon boosted its value. But it wasn't until after the 1929 stock-market crash that Congress passed laws to limit such trading (although it didn't move to ban it outright) and created the Securities and Exchange Commission to enhance market oversight. As the stock market expanded in the 1960s, the SEC grew more aggressive in fighting...

Author: /time Magazine | Title: Insider Trading | 11/9/2009 | See Source »

...withdrawal will affect the tentative global economic recovery - just as it is not clear, even now, whether interest-rate cuts and huge stimulus spending in the U.S. and elsewhere are resulting in sustainable economic growth. The world is in uncharted territory. Policymakers are acting on the fly, without much in the way of historical precedence to guide them...

Author: /time Magazine | Title: Why Some Countries Are Stopping Their Stimulus | 11/9/2009 | See Source »

...singular achievement of Dalrymple, in his strikingly chaste and selfless book, to give us the lives and voices of some regular Indian and Pakistani worshippers without judgment, speculation or high-flown abstraction. He just sets the scene around them, presents some historical background and lets them tell their stories. A prison warden explains how he takes off two months every year to become (along with a waiter, a bus conductor and a man who collects coconut juice) a divinely possessed dancer. A Tibetan monk recalls how he found himself taking up arms against Chinese invaders. A temple dancer - or sacred...

Author: /time Magazine | Title: William Dalrymple's Nine Lives: Into the Mystic | 11/9/2009 | See Source »

...General in Burma I was excited to read the cover story when I saw the image of Burmese chief Than Shwe [Oct. 19]. People inside and outside Burma should welcome U.S. engagement with the Burmese junta. Burma desperately needs prodding toward a real democratic transition. Without the full participation of the National League for Democracy (NLD) led by Aung San Suu Kyi in the coming 2010 election, I don't think that will occur. The U.S should encourage the Burmese generals to engage with the NLD and other ethnic leaders for a long-lasting peace. Salai C. Alexander, Seoul...

Author: /time Magazine | Title: Inbox | 11/9/2009 | See Source »

...fish like these are left over, caught too young to have been given a chance to spawn and too far away to get back to dock in time to sell for a good price. To Heitz, it's obvious they're from Indonesia - and most likely have been caught without a permit - but there is nobody here from the government fisheries department to verify that. There almost never is. "All these bad fish kind of stress me out," Heitz says. "It would be so easy to manage, and they're just not doing...

Author: /time Magazine | Title: Hunting for Tuna: The Environmental Peril Grows | 11/9/2009 | See Source »

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