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Madoff Faces Life, Somali Americans Being Recruited and Intelligence Pick Withdraws

POSTED: 12:57 PM ET, 03/11/2009 by Derek Kravitz

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Madoff Expected To Plead Guilty » Facing life in prison for operating a vast Ponzi scheme, Bernard L. Madoff (Post coverage) is expected to plead guilty on Thursday. Meanwhile, prosecutors are still looking into whether Madoff's subordinates helped swindle clients across the globe out of $65 billion over the least two decades. — Washington Post, New York Times, Bloomberg

Somali Americans Recruited by Extremists » Senior U.S. counterterrorism officials are stepping up warnings that Islamist extremists in Somalia are radicalizing Americans to their cause, citing their recruitment of the first U.S. citizen suicide bomber and their potential role in the disappearance of more than a dozen Somali American youths. — Washington Post

Impartiality Questioned, Intelligence Pick Pulls Out » Charles W. Freeman Jr. withdrew yesterday from his appointment as chairman of the National Intelligence Council after questions about his impartiality were raised among members of Congress and with White House officials. — Washington Post

How to Get Rid Of All That Orbiting Space Junk? » Many aerospace engineers are worried about thousands of pieces of useless equipment circling Earth. Bits of spent rocket boosters, old exploded satellites and tools dropped by space-walking astronauts are just some of the trash racing along in the near-vacuum of space. The volume of man-made space debris has grown so large that scientists say garbage now poses a bigger safety threat to the U.S. space shuttle than an accident on liftoff or landing. — Wall Street Journal

By Derek Kravitz |  March 11, 2009; 12:57 PM ET The Daily Read
Previous: The Business Scandal Before the Bust | Next: SEC Moves to Reinstate Rule for Short-Sellers

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