Wednesday, March 18, 2009

SPB News For Wednesday

Prosecutors Want Over $30 Million from Madoff Sons
Government wants to seize money Bernie lent sons and Ruth's jewelry collection.


Obama drops 'war on drugs' rhetoric
WH seems ready to steer drug policy towards pre- vention, 'harm reduction.'
Treatment called precautionary, doesn't expect to miss court.

Citi, Morgan Stanley look to sidestep bonus caps: report Anticipating restrictions on bonuses, officials at Citigroup Inc and Morgan Stanley are exploring ways to sidestep tough new federal caps on compensation, the Wall Street Journal said. Executives at these banks and other financial institutions that received government aid are discussing increasing base salaries for some executives and other top-producing employees, the paper said, citing people familiar with the situation.

Israel's national security aide barred from U.S. --Former Israeli spy linked to Pentagon leak Uzi Arad, who is expected to serve as national security adviser in the next Israeli government, has been barred from entering the United States for nearly two years on the grounds that he is an intelligence risk. Mr. Arad, a former member and director of intelligence for the Mossad, Israel's spy service, is mentioned in the indictment of Lawrence Franklin, a former Pentagon analyst who pleaded guilty in 2005 to providing classified information about Iran in a conversation with two employees of the American Israel Public Affairs Committee (AIPAC).

Obama drops 'war on drugs' rhetoric for needle exchanges The Obama administration signalled today that it was ready to repudiate the prohibition and "war on drugs" approach of previous presidents, and steer policy towards prevention and "harm reduction" strategies favoured by Europe. David Johnson, an assistant secretary of state, said the new administration would embrace policies supporting federally funded needle exchanges.

Obama to Appear Sunday on ‘60 Minutes’ — President Obama may be lightening things up with a visit to Jay Leno this week, but no one can accuse him of ducking of ducking tougher journalistic forums. — Obama has agreed to sit down with “60 Minutes” for an interview that will air Sunday.

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