'Probe'에 해당되는 글 2건

  1. 2008.12.18 SEC chairman says agency failed to probe Madoff by CEOinIRVINE
  2. 2008.10.19 Spacecraft to probe edge of solar system by CEOinIRVINE

In a stunning rebuke, the Securities and Exchange Commission chairman blames his career regulators for a decade-long failure to investigate Wall Street money manager Bernard L. Madoff, now accused of running one of the largest Ponzi schemes ever.

On Tuesday night, SEC Chairman Christopher Cox ordered an internal investigation of what went wrong and offered a scathing critique of the conduct of his staff attorneys. He said they never bothered to seek a formal commission-approved investigation that would have forced Madoff to surrender vital information under subpoena. Instead, the staff relied on information voluntarily produced by Madoff and his firm.

Credible and specific allegations regarding Madoff's financial wrongdoing going back to at least 1999 were repeatedly brought to the attention of SEC staff, said Cox.

A former SEC attorney, Eric Swanson, married Madoff's niece, Shana, last year, The Wall Street Journal reported. The SEC's compliance office issued a statement Wednesday saying that Swanson was part of a team that looked into Madoff's securities brokerage operation in 1999 and 2004. The SEC cited its "strict rules" prohibiting employees from participating in cases involving firms where they have a personal interest.

The SEC's inspector general, David Kotz, told the Journal that he intends to examine the relationship between Madoff's niece and Swanson.

Madoff remains free on $10 million bail. A hearing is scheduled in federal court in New York on Wednesday afternoon to iron out the terms of his bail package.

Shock waves from the Madoff affair have radiated around the globe as a growing number of prestigious charitable foundations, big international banks and individual investors acknowledge falling victim to an unprecedented fraud.


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Posted by CEOinIRVINE
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LOS ANGELES, California (AP) -- A small NASA spacecraft embarks on a two-year mission this weekend to give scientists their first view of the happenings at the edge of the solar system.
NASA hopes its new Ibex probe will help explain why the sun's protective heliosphere is shrinking.

NASA hopes its new Ibex probe will help explain why the sun's protective heliosphere is shrinking.

The Ibex probe, short for Interstellar Boundary Explorer, will study a chaotic region in space where the solar wind from the sun clashes with cold gases from interstellar space.

The solar wind, a stream of charged particles spewing from the sun at 1 million miles (1.6 million kilometers) per hour, carves out a protective bubble around the solar system. This bubble known as the heliosphere shields against most dangerous cosmic radiation that would otherwise interfere with human spaceflight.

Scientists recently discovered that the solar wind pressure is at its weakest level in 50 years, although the exact reason remains a mystery. Ibex could help confirm whether the heliosphere is shrinking.

Observations from Ibex should help researchers in "unlocking the secrets of this important interaction between the sun and the galaxy," said David McComas of the Southwest Research Institute in San Antonio. He is chief scientist for the $165 million mission.

Ibex, the size of a bus tire, will be launched aboard a Pegasus rocket that will be dropped from an aircraft over a Pacific atoll on Sunday.

The rocket will lift Ibex 130 miles (209 kilometers) above Earth and put it into orbit. The spacecraft will then fire its solid rocket motor to loft itself even higher, eventually to 200,000 miles (321,853 kilometers) above Earth.

Ibex will build on the discoveries of the long-running twin Voyager spacecraft launched in 1977 to explore the outer planets. The deep-space, manmade probes have since sailed past the outer planets and are headed out of the solar system.

Unlike the Voyager craft, Ibex will not barrel through space, but instead will do its job from high-Earth orbit. The probe carries two sensors that will collect information about the solar wind's mass and energy from all directions.


Posted by CEOinIRVINE
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