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'Light' Cigarette Debate, Stevens Trial, Wiretapping in Brazil

POSTED: 09:41 AM ET, 10/ 7/2008 by Amanda Zamora

Hello and welcome to the Daily Read for Tuesday. See something we missed? Post your suggestions in the comments below.

Tobacco Ad Debate » The Supreme Court waded yesterday into a complicated legal debate over whether tobacco companies can be sued in state courts for deceptive advertising of "light" cigarettes, a dispute that has divided government regulators and the business community. — Washington Post

Stevens Considered Jail Possibility » Jurors listened yesterday to secretly recorded telephone conversations between Sen. Ted Stevens and former Veco executive Bill Allen in which Stevens acknowledged the federal investigation into his Alaska home renovations, but claimed no wrongdoing. "The worst that can happen to us is we run up a bunch of legal fees, and might lose and we might have to pay a fine, might have to serve some time in jail," Stevens said in 2006. — Washington Post

Wiretapping in Brazil » Under Brazil's laws, wiretapping is meant to be an investigative method of last resort. But it has become a primary tool to crack white-collar cases, with the country's political and economic elite convinced that someone is always listening. — Wall Street Journal

Lehman Exec 'Overwhelmed' » Former Lehman Brothers chief executive Richard S. Fuld Jr. testified yesterday before the House Oversight and Government Reform Committee that he was "overwhelmed" by the events that led to the investment banking firm's demise. — Washington Post

Attorney Firings Case Delayed » A federal appeals court will not order current and former White House aides to testify before a House committee investigating the firings of nine U.S. attorneys, leaving the dispute over executive privilege for the next Congress to take up. — Washington Post

The Palin Probe » A day after seven members of Gov. Sarah Palin's administration dropped their opposition to subpoenas issued in Alaska's "troopergate" investigation, Todd Palin announced that he, too, will answer questions of the legislature's investigative panel. — CNN

By Amanda Zamora |  October 7, 2008; 9:41 AM ET The Daily Read
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