Word: accounts
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Dates: during 2000-2009
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...Lehman--the smallest and least diversified of Wall Street's big firms. These companies once made all their money off commissions and fees, but the bulk of their profits in recent years has come from making bets. At Lehman Bros., trading and investing on the firm's own account contributed about 60% of its $6 billion in pretax profits last year. Key to these profits is leverage, a.k.a. debt. But with high leverage comes high risk. If your investments go sour or nobody will lend to you, your business can evaporate in a matter of days. That happened to hedge...
...through Congo since 1998. The country's agonies are far from over - their latest twist is the epidemic use of rape as a weapon of war in eastern Congo - but, in Bryan Mealer's new book All Things Must Fight to Live, they now at least have their definitive account...
...never been much for Gay Pride Month - for my part, I like guys during all the months - but June also happens to be the month when, 27 years ago, scientists published the first account of the disease that came to be known as AIDS. From the early '80s until 1995, when AIDS deaths in the U.S. crested, the plague arrested and then completely subsumed gay culture. In his new book Chronicle of a Plague, Revisited, Andrew Holleran writes that living in gay New York in the '80s "felt like attending a dinner party at which some of the guests were...
...memo giving an account of a meeting of senior officials overseeing interrogations at Guantanamo documents a lively discussion over interrogation methods. At one point in the meeting, an officer says "We can't do sleep deprivation." Lt. Col. Diane Beaver, then the top legal advisor at Guantanamo, replies, "Yes, we can - with approval." Another officer notes, "We have had many reports from [Afghanistan] about sleep deprivation being used." Beaver answers: "True, but officially it is not happening. It is not being reported officially. The ICRC [International Committee of the Red Cross] is a serious concern. They will...
...made it his own by becoming known for aggressively questioning his Washington guests. In his trademark prosecutorial style - he earned a law degree before going to work as a political aide for New York Senator Patrick Moynihan in the 1970s - he held his guests to account for inconsistent past statements and doggedly followed up on evasions...