Word: augustness
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...associate, Jonathan Hay, liable for conspiring to defraud the U.S. government. The pair made investments in Russia, which were prohibited by their contracts, while part of an HIID program that was advising Moscow on privatizing its economy.The University was also implicated in the lawsuit and settled last August for $26.5 million. Shleifer, who is the Jones professor of economics, agreed to pay $2 million. Neither party acknowledged any liability in their settlements.But the “tawdry Shleifer affair,” as one professor dubbed it at the most recent Faculty meeting, resurfaced in the 18,000-word Institutional...
...contrast to the sense of skepticism, even resignation, with which the general public has greeted the periodic raising and lowering of the terror-alert levels. Especially worrisome is the extent to which the public appears willing to second-guess official directives. According to a Columbia University study released in August 2003, 90% of Americans polled said they would not evacuate their homes in a time of crisis based only on a government order to do so. Public-health officials are increasingly worried that weak public confidence in official guidance will undermine their efforts to carry out mass vaccinations and impose...
...controversial that he couldn't win Senate confirmation, John Bolton, 57, became U.S. ambassador to the United Nations after President Bush installed him via a recess appointment last August. Blunt and outspoken, he chatted with TIME's Elaine Shannon and Romesh Ratnesar about being part of the bureaucracy, Iran's nuclear program and who should succeed Kofi Annan...
Patience is not always thebest tactic for corporate chieftains to use when they are fighting those who wish to oust them, but it seems to have worked for Time Warner chairman Richard Parsons in his battle against Carl Icahn. In August, Icahn and a group of investors launched a bid to split up the Time Warner media empire (which includes Time Inc., publisher of this magazine). But Icahn could not win the support of key shareholders, who balked at his plan to oust Parsons and install a new slate of directors as a precursor to a company breakup. Parsons...
...Earlier this month, Father Daniel McCormack, 37, a priest at St. Agatha Church in Chicago?s Lawndale neighborhood, was charged with three counts of aggravated criminal sexual abuse against two boys from his parish, including one who was allegedly molested after the first accusations against McCormack surfaced last August. The case has shamed the archdiocese, which was hit with a $10 million suit last Friday, and Cardinal Francis George, who admitted in a rare mea culpa that he had failed to act quickly in removing the accused priest...