Word: aprils
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...Sorkin's proposed 12-year term. Adelphia Communications' former finance chief Timothy Rigas is serving a 20-year term; former WorldCom chief executive Bernard Ebbers, who was 63 at the time of his sentencing, was given 25 years; and former Enron chief executive Jeffrey Skilling got 24 years. In April 2008, a federal judge in Colorado sentenced 72-year-old Norman Schmidt to 330 years for using money from his investment scheme to purchase properties near Aspen and eight NASCAR race cars, among other items. Similar to Madoff's scheme, Schmidt's firm would send investors fraudulent monthly statements claiming...
...some Asian economies, chiefly China and India, appear to have passed through the worst of the downturn, analysts still doubt StanChart can repeat 2008's performance this year. Brokerage CLSA predicts pretax profit growth will slow to 4% in 2009. Reflecting the heightened risk, Standard & Poor's in late April revised its outlook for the bank to negative. "The biggest single worry is the economies in the region," says Nick Hill, bank credit analyst at Standard & Poor's in London. "We think they've taken measures to pull in their horns, but it is a bit of a stretch...
...overblown coverage of Twitter in the media has grown tiresome. Steven Johnson reports that Twitter had 17.1 million visitors internationally in April, but with the U.S. population at more than 300 million, the percentage of users that are American is pretty small. Furthermore, according to Nielsen, 60% of users drop out after a month. "Once just a fad"? Sounds like it's still a relatively small and concentrated fad. Members of the media never grasp that they are not representative of the country as a whole. Barb Neff, SANTA MONICA, CALIF...
...writing, of course, about the Berlusconi sex scandal that has been all over the Italian papers since the end of April. Berlusconi is alleged to have had an inappropriate relationship with an 18 year-old aspiring show-girl, Napoli’s Noemi Letizia...
...that sounded ominous, it was. In April, just a couple of months into CNPC's operations in Ahdab, power lines and equipment were sabotaged and stolen. Ministry and government officials downplay the April upheaval. Provincial authorities claim they have arrested a handful of vandals, who apologized and were released. Mahmoud Abdul Ridha, the head of the province council, chalked it up to a misunderstanding and said a committee has been formed for jobs and compensation. But some locals are still angry. Says Abu Koraichi, 58, a farmer in Alsabah village, "The sons and people of our villages will not stop...