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...financial fraud in part because of an e-mail that told employees to eliminate any unnecessary paperwork. A shredding party ensued. In the Martha Stewart insider-trading case, jurors said one of the more damaging pieces of evidence had to do with the fact that Stewart tried to alter an e-mail that had been sent by her assistant. Prosecutors used an e-mail exchange between Stewart and her broker that occurred shortly before Stewart sold her Imclone shares to prove that they knew they were acting on insider information. Stewart was convicted in the case and served five months...
...global centerstage. It dents the government's pride in an area in which it has justifiably claimed to be a world leader. Brazil gets about 92% of its energy from hydroelectric sources, an unusually high percentage and one that is natural, renewable and non-polluting. The blackout will not alter that. Brazil has enough gas- and oil-fueled plants to serve as back-ups in case of drought, and it will add another 20,000 MW of capacity by 2014, according to Rafael Schechtman, director of the Brazilian Centre for Infrastructure...
...small club of (mostly) men--many of them friends, plenty more rivals--who determined, often by the seat of their pants, how events would unfold. In Too Big to Fail, Sorkin, a New York Times reporter, takes us inside the cozy world of Wall Street chieftains and their Washington alter egos. Why did the U.S. Treasury Department ask Congress for $700 billion in bank-bailout funds? Because $500 billion felt too small and $1 trillion politically impossible; one staffer, charged with justifying the figure, laughed "at the absurdity of it all." Sorkin's meeting-by-meeting account reveals just...
...Marines to Guam unless the Japanese government okays the deal in time to include relocation in the Defense Ministry's budget for the 2010 financial year, due by the end of December. The other issue, says Green, is that the mayoral election in Nago, slated for January 2010, could alter the tone of the agreement if the new mayor opposes the plan. Japan political experts have speculated that such delays, including perhaps waiting until next July's upper house elections, could change the current agreement that was made under the LDP administration, but Green says radical changes under the Democratic...
Sholem Postel, associate director of UHS, said last night that he had not seen the Harvard study, but said it was unlikely to prompt UHS to alter its plans...