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...student ID to allay police suspicions while he was crossing from Kashmir to Bangalore - even as he was bringing a cache of weapons in by train. When he ran out of money, his handlers arranged to have funds sent to him through India's unregulated network of cash-transfer, or hawala, traders. For the equivalent of $2, an Indian, who had bought the right to smuggle jackfruit across the Bangladesh border, arranged for him to cross without documents to that country's capital Dhaka, where he met with agents of Lashkar-e-Taiba (LeT), the group believed to have planned...

Author: /time Magazine | Title: India Still a Soft Terror Target a Year After Mumbai | 11/23/2009 | See Source »

This is the case because the investment banking division can use FDIC-insured funds from the retail-banking division to indirectly finance excessive risk-taking. The retail bank’s customers will not transfer their deposits to a safer institution because they know that the FDIC will compensate them in the event of a bank failure. This moral hazard encourages further mergers between retail and investment banks, which in turn begets more institutions that are “too big to fail.” When excess risk gets a conglomerate bank into trouble, the bill goes to?...

Author: By Anthony P. Dedousis | Title: Too Big to Fail is Too Big | 11/19/2009 | See Source »

...Craig never got a chance to argue the case to the President. "It was a political decision, to put it bluntly," says an aide. The stumble had long-term consequences: later that month, Congress blocked the release of Guantánamo detainees in the U.S. and restricted their transfer there for trial. The White House realized it had to start over on a signature issue. (See pictures of prison life inside Baghdad's Camp Cropper...

Author: /time Magazine | Title: The Fall of Greg Craig, Obama's Top Lawyer | 11/19/2009 | See Source »

...foreign policy speech at London's Guildhall on Monday, Prime Minister Gordon Brown groped for a way to meet that aspiration by offering to host a conference involving NATO and the Afghan government in January to set out an Afghan exit strategy. The conference "should identify a process for transferring district by district to full Afghan control and - if at all possible - set a timetable for transfer starting in 2010," he said. (See pictures of British soldiers in Afghanistan...

Author: /time Magazine | Title: British Support for Afghan War Fades | 11/19/2009 | See Source »

According to Schuster, 5 percent of Cambridge middle school students transfer schools...

Author: By Rediet T. Abebe, CONTRIBUTING WRITER | Title: School Committee Reviews Diversity | 11/18/2009 | See Source »

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