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...Manhattan brokerages to glean information on mergers and acquisitions, information he then passed on to other investors in return for 10 percent of the profits. Not that he got the full kickback - an estimated $70,000 to $110,000 is said to have flowed into his mailbox via cash stuffed in unsigned birthday cards. "The SEC has been very interested in the area of fraud over the Internet, and this case is just an extension of that," notes TIME Wall Street analyst Dan Kadlec. "In fact, they've done a good job of catching things on the Web. It seems...
...will face challenges on his way, the least of which will be financial. (It's also not entirely new; Britain since the '60s has had its highly regarded Open University, an increasingly Internet-oriented, low-cost institution where lectures are given over TV channels and assignments are handed in via e-mail.) "I have a feeling that $100 million will be a mere drop in the bucket," says Quittner. But assuming the school comes to fruition, it could easily attract investors with the lure of say, advertising banner space. In the end, the biggest roadblock may be technological. "Distance learning...
...frenzied growth of investing via the Internet has spawned a more virulent kind of stock manipulation where, in a matter of minutes someone can drive up a stock price, reap the profits and run. The SEC's recent complaint against Douglas Colt highlights an old scam called pump and dump...
...three-dimensional interiors of the 36 tents are visually engaging and well-executed. Somewhere, there is a connection between the desert and virtual reality as analogous spaces of transit, a recognition of "fragile and mutable political boundaries which are being torn by ethnic, religious and sectarian strife; perforated via economic and cultural globalism; and reconceived by technology..." Hip and cerebral as these meditations may be, they are largely lost on the art viewer-cum-game player absorbed simply in scoring maximum pointage. Still, though the piece is less avant-garde than its high-brow title might suggest, it will...
Students at the University of Pennsylvania occupied the president's office for nine days, eating granola bars and peanut butter and communicating with the outside world via e-mail and cell phone...