Word: boilers
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...County seemed protected by its solid marriage to Virginia Power's Mount Storm generating station. It was built on a tortured, windswept plateau in the mid-1960s only because abundant coal was nearby. The coal was worth mining, in turn, only because Mount Storm would burn it. Tipple and boiler were linked by a two-mile covered conveyor belt that carried coal from the east portal of the mine straight to the storage silos of the power plant. The miners still marvel at the sheer handiness of the setup. "That coal never touched the ground," they...
...letter to Clinton questioning whether his deployment of two aircraft carrier battle groups to the Taiwan Strait at the time would provoke a war with China, an outcome that, Trie warned, could have a "negative outcome" for the President politically, "especially in this campaign year." Clinton responded with a boiler-plate reassurance that the only U.S. intent was to help the two sides peaceably resolve an ongoing dispute over China's military maneuvers in the strait. The letter may not have constituted a big foreign-policy concession, but it burnished a big donor's stature in China, where connections mean...
...Kendrick Stratton, "with new management, new personnel and an entirely different business focus. There is simply no comparison between the two firms." One thing hasn't changed, however: the Kott connection. Several major JB Oxford shareholders have been closely associated with Kott or with stocks pushed through Kott-connected boiler rooms. Felix Oeri, a Swiss financier who is Oxford's biggest stockholder, bought a large block of Hariston stock a few years ago after it was recommended to him by Kott. (Oeri says he's lost money on the stock.) Arabella, a Luxembourg company that is Oxford's second-ranking...
...overwhelming evidence that Kott owned the company and played a major role in running it. He accused Kott of fraud, tax evasion and various other crimes. The criminal investigation stalled because Kott could not be extradited from Canada. Kott settled the case against him and other operators of the boiler room for about $4 million. This was pocket change in comparison with what First Commerce collected. Prosecutor Koers estimates that investors lost a bare minimum of $100 million. Jan van Apeldoorn, the bankruptcy receiver, believes the total damage was as high as $400 million. Having been made unwelcome...
...defendants included Felix Oeri, Oxford's largest stockholder, and Financial Strategies International, a now defunct company that published a newsletter that often touted Kott-related stocks. (Oeri told TIME that he did not know he had been sued.) A former FSI employee, Ian Clay, worked for two Kott-connected boiler rooms in Europe. For the past two years, Clay has been working for JB Oxford...