The scariest thing about the report, perhaps, is that it isn't about what happened in the past as much as it's an indicator of what our future looks like. The Madoff Ponzi scheme was a relatively simple scam: all anyone in enforcement ever had to do over the years was to obtain documents showing that wily old Bernie wasn't doing any trading at all. They never did. This is the same agency, slightly tweaked, that we're going to depend on to root out fraud in the mind-bogglingly complex world of over-the-counter derivatives that is even now resuming its old habits.
Belgium on Friday became the latest European country to offer asylum to a Guantanamo Bay detainee, announcing that it would resettle a captive now at the prison camps who has been cleared of prosecution by a U.S. court.
The announcement follows similar deals between the Obama administration and France and Portugal, which last month took in two Syrians for resettlement. Ireland has also agreed to take two detainees seeking third-country asylum.
And House Foreign Affairs Committee member, Rep. Bill Delahunt (D-Mass.) vowed to hold hearings on the issue in the fall, saying: "The idea that American taxpayer dollars are ending up with the Taliban is a case for grave concern."
A federal appeals court has ruled that former Attorney General John Ashcroft may be held liable for people who were wrongfully detained as material witnesses after the Sept. 11 terrorist attacks.
In a harshly worded ruling handed down Friday, a three-judge panel of the 9th U.S. Circuit Court of Appeals called the government's use of material witnesses after Sept. 11 "repugnant to the Constitution and a painful reminder of some of the most ignominious chapters of our national history."
Transcripts and taped conversations of actions that took place in 2007, included in the commission’s case, reveal the secretive workings of high-frequency trading, a fast-growing Wall Street business that is suddenly drawing scrutiny in Washington. Critics say this high-speed form of computerized trading, which is used in a wide range of financial markets, enables its practitioners to profit at other investors’ expense.
A jury in Kentucky sentenced a 24-year-old former soldier to life in prison without parole on Thursday for raping a 14-year-old Iraqi girl and murdering her, her parents and a younger sister in Iraq.
The verdict spared the defendant, Steven D. Green, death for a crime that prompted Iraqi demands for retribution and raised questions about Army oversight of its combat-stressed forces.
But foul language is not Jones' biggest problem. On Thursday, it was revealed that Jones signed onto a petition in 2004 that called for an "immediate inquiry into evidence that suggests high-level government officials may have deliberately allowed the September 11th attacks to occur."
Jones now says that he did not sign on to the ideas described in what he signed. "As for the petition that was circulated today, I do not agree with this statement and it certainly does not reflect my views now or ever," Jones said in the statement.
The indictment against former Israeli prime minister Ehud Olmert has riveted Israelis with its allegations that the ex-prime minister took envelopes of cash from supporters for his personal use. But another aspect of the August 30 indictment, one directly relevant to American Jews, has been all but lost amid the fallout:
The Israeli leader, prosecutors charge, bilked 17 prominent North American Jewish charities and pro-Israel advocacy groups for his own benefit.
Prime Minister Benjamin Netanyahu will approve the construction of hundreds of new housing units in Israeli settlements in the West Bank in the coming days as a prelude to a building freeze of six to nine months aimed at restarting peace talks with the Palestinians, senior Israeli officials said on Friday.
The plan is an attempt to ease pressure on Mr. Netanyahu from within his own Likud Party, which wants settlements to continue unimpeded, and from Washington, the Palestinian Authority and the rest of the Arab world, which want a total halt to such construction.
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