Word: bernard
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...problems. In trading from Asia to Europe to Wall Street, the world's new currency heavyweight rose steadily against the U.S. dollar and delivered, for one day at least, on its promise of European prosperity by sparking market rallies in Germany and France. But TIME senior economics reporter Bernard Baumohl says Europe's new union faces some rocky days ahead...
...Exchange Commission is reportedly investigating whether Long Term Capital violated securities laws by withholding information on its financial health. Moreover, the entire debacle may prompt long-term changes in the hedge-fund industry: Treasury Secretary Robert Rubin is examining whether such funds should be more closely regulated. --Reported by Bernard Baumohl/New York...
...polls are to be believed, the American public says the President should not be impeached. Now you can add Wall Street to the anti-impeachment column. "The market hates uncertainty," says TIME economics reporter Bernard Baumohl. "And anything as grave as an impeachment can be expected to usher in a period of volatility for stocks...
...Bernard Lieberman was reared a child of privilege in a small town outside Lodz, Poland. He was one of nine children in an Orthodox Jewish family that lived largely off the money of affluent relatives and regularly opened up its home to poor neighbors. But that comfortable life swiftly ended on Sept. 1, 1939, when the Nazis stormed into Poland. Only 19, Bernard was soon separated from his siblings and transported from camp to camp, doing time in Auschwitz-Birkenau...
...Bernard (who later changed his last name from Lieberman to Lee) made it out of the war alive, but he lost his entire family. Now, like many survivors, he is fighting to get something back. In October he joined a class action filed in the Federal District Court of New York against Dresdner Bank, where a wealthy family member had an account. "There were 6 million people who were murdered, and every family had something," says Lee. "Our things do not belong to them, and justice will be done when they are given back...