Word: act
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Dates: during 2000-2009
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While the popular perception of illegal insider trading may be clear-cut - say, a pharmaceutical executive selling stock right before the FDA fails to approve a new drug - the law is substantially less black and white. In 1934 Congress passed the Securities Exchange Act but didn't specifically address the topic of insider trading; it was only in the 1960s that the SEC began to bring cases under the law's antifraud statutes. Toward the end of that decade, courts codified the SEC's actions in case law, locking down the idea that everyone in the marketplace should get roughly...
What really irks Butler and her neighbors is that they were led to expect much more. They saw hope last summer when Congress passed the Housing and Economic Recovery Act, which seemed to promise housing relief for hundreds of thousands of homeowners like Butler via mortgage-restructuring aid. But for reasons no one in Washington has adequately explained, that part of the bill never really materialized. What foreclosure-ravaged communities got instead were slivers of a $4 billion Neighborhood Stabilization Program (NSP) fund to buy and refurbish already foreclosed homes. The city of Miami Gardens received $6.8 million, enough...
...written to justify electronic eavesdropping without a warrant in a case brought against the Administration by the American Civil Liberties Union and other rights groups. According to the ruling, the judge will review the memos to determine whether any information can be released publicly under the Freedom of Information Act, despite objections from the Justice Department, which is citing attorney-client privilege and national security concerns for refusing to divulge the contents...
...even know who Barack Obama was until his wife mentioned he looked like the up-and-coming politician. "I thought Obama was a pro wrestler or a fighter or something," the comedian recalls, wearing the dark suit - originally purchased for weddings and funerals - that he uses for his act. Now, he says, "I love Obama. The more I impersonate him the more I actually start feeling as though I'm the real Obama." (See pictures of the world reacting to Obama...
...enthusiasm is apparently contagious. Since he started the act in February, the number of daily hits on his professional website jumped from 200 to 100,000. Last month, Notchi only had seven days in which he did not appear on Japanese television. (This time last year, he only had seven days of work booked - total.) And he's winning some big fans. When Notchi met Will Smith on a popular afternoon TV show in August, Smith told him, "I will vote...