Word: bonde
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...feel a certain affiliation to the organization. But I also worry about my future." On Jan. 15, several hundred Satyam employees gathered outside Chanchalguda prison in Hyderabad, where Raju is being held, to express support for their former boss. Indian corporate culture has long been grounded by an unspoken bond between workers and management that is based on loyalty and an employer's sense of responsibility for his charges...
Barack Obama appears to share F.D.R.'s instinctive grasp of crisis not as something to be managed but as an opportunity to forge an emotional bond with those he will lead. Will he denounce Bernard Madoff and the modern money changers? Confident enough to be gracious, the President-elect has been much more forthcoming about his economic agenda than the deliberately opaque F.D.R. As for the outgoing President, George W. Bush has no wish to be the Herbert Hoover of the CNBC generation. Accordingly, his Administration will have spent several hundred billion dollars to unfreeze the credit markets. (Indeed...
...combination of new incentives and extensions of credits already in the tax code. The National Automobile Dealers Association has made the incentives a top lobbying priority; new legislation has already been introduced in Congress. One proposal supported by Democratic Sen. Barbara Mikulski of Maryland and Republican Sen. Kit Bond of Missouri would permit new car buyers to deduct auto loan interest and sales tax on their personal income taxes. "We think temporarily making interest deductible on car loans would spur sales," says NADA economist Paul Taylor. The NADA is also supporting "cash for clunkers" initiatives, which encourage consumers to upgrade...
...McCarty is alleged to have schemed with her husband to direct bond underwriting contracts from governments to his offices at investment banks Raymond James and Bear Stearns. The couple also allegedly received at least $10,000 in hotel discounts at the Sunset Key Guest Cottages in Key West from owner Ocean Properties Ltd., which was chosen by the county commission (and Mary McCarty) to build a downtown West Palm Beach hotel next to its convention center. McCarty faces a maximum sentence of five years in prison, while her husband could get as much as three years...
...course, a non-violent willingness to hurt other people for your own enrichment describes every mortgage bundler or junk-bond scammer who's ever forged a balance sheet. What distinguishes the Ponzi artist is the sheer scale of the scam...