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The Times in Print for Sunday, December 12, 2010

A Secretive Banking Elite Rules Trading in Derivatives

In theory, clearinghouses exist to safeguard the integrity of the multitrillion-dollar derivatives market. In practice, they also defend big banks’ dominance.

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Jailed Afghan Drug Lord Was Informer on U.S. Payroll

Hajji Juma Khan, described as an Afghan drug lord, was also a longtime informer for the Central Intelligence Agency and other agencies.

China’s Army of Graduates Struggles for Good Jobs

Villagers who will work in China’s factories are in demand, but many college graduates seeking professional jobs find their value plunging.

As the Ground Shifts, Biden Plays a Bigger Role

Halfway through a term in which the president has relied mostly on counsel from an inner circle, Vice President Joseph R. Biden Jr.’s influence is growing.

Madoff’s Son Found Dead in Suicide

Bernard L. Madoff’s son Mark was found dead in his Manhattan apartment on the second anniversary of his father’s arrest.

Angry Birds, Flocking to Cellphones Everywhere

A game is one of the least likely pop-culture crazes of the year, and perhaps the first to make the leap from cellphones to the mainstream.

Podcast: Front Page

James Barron, a reporter at The New York Times, summarizes the top headlines every weekday.

Today's Front Pages

Quotation of the Day

“Like ants, they gather in colonies, sometimes underground in basements, and work long and hard,”
ZHOU XIAOZHENG, a sociology professor at Renmin University in Beijing, on recent college graduates flooding into China’s big cities.

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