New York Times Headline: SAC Capital Manager Arrested in Insider Trading Case
Michael Steinberg, the SAC Capital Advisers portfolio manager, was arrested today as part of the governments investigation of insider trading. The SAC has paid large sums of money already to get the investigation over, but the government wants a thorough investigation of what is really going on inside this large hedge fund.
New York Times Headline: Taliban Spread Terror in Karachi as the New Gang in Town
A seaside town in Pakistan is becoming the new home of the Taliban. Gunmen raging warfare against government and police are just the tip of the iceberg. This shows the Taliban’s prominence and ability to overtake a popular city across Pakistan.
Washington Post Headline: For federal workforce, the furlough terrain is uneven
Many federal employees, including Park Police and the Department of Housing and Urban Development, will be having a furlough (a leave of unpaid days) in the near future. The 14 unpaid days were cut down from 22 by the government, but employees are still unsure what this means for them, or if the furlough will even go through.