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...report that the city's traditional broker families and their old-fashioned way of doing business?the very things that people like Changoiwala hold so dear?helped turn their bourse into a magnet for hot money and market manipulators. Foreign pundits are even less forgiving. "A cesspool," is how John Band, the Bombay-based CEO of investment bank ASK-Raymond James describes Calcutta's bourse. Many foreign bankers have judged the exchange to be among the worst in Asia?a mismanaged, corrupt mess...

Author: /time Magazine | Title: Out of Stock | 7/2/2001 | See Source »

Once upon a time, William F. Weld '66 had a future. His early days consisted of pure peaches and cream--an eminent lineage, a lauded stint at Harvard College and Harvard Law School, an impressive display of poise in the cesspool of Washington, D.C., and a calculated career change to the gubernatorial duties of his home state. For the militantly Democratic citizens of Massachusetts, electing blue-blooded, uberWASP Weld, was an absolute phenomenon...

Author: By Frances G. Tilney, CRIMSON STAFF WRITER | Title: A Hero No More | 7/14/2000 | See Source »

...They have witnessed the cesspool better known as the women's washroom in the Science Center, the Barker Center reading room during flu season, the many generations of dust bunnies lurking in the corners of their own rooms. To the naked and uninformed eye, Harvard may be as sterile as Banana Republic. But how does it hold up to a plate of glossy agar...

Author: NO WRITER ATTRIBUTED | Title: Fifteen Minutes: Big Bug on Campus: Harvard's Infested Underbelly | 12/9/1999 | See Source »

Everybody knew that at least some of the IMF?s billions of Russian bailout money would get flushed down the toilet of corruption. Few figured the cesspool ?- or, more accurately, the sewage treatment plant ?- could end up in Manhattan. According to the Wall Street Journal, authorities are investigating whether some $200 million allegedly laundered through the Bank of New York was siphoned off IMF funds loaned to Russia to stave off its financial collapse. It?s happened before - in 1996, Russia?s own central bank (their Fed!) funneled $1.2 billion in IMF money to an offshore holding company, never...

Author: /time Magazine | Title: How IMF Looks to Have Been Snowed in Moscow | 8/23/1999 | See Source »

...whirlpool," she says, "and then we'd put patients with big bedsores, like Bessie Seday, in there." Fixing Bessie's wound required repeated surgery, including the removal of her left buttock and part of her pelvis. "They were washing her," says Lesley Clement, her attorney, "in a damn cesspool...

Author: /time Magazine | Title: NURSING HOMES: FATAL NEGLECT | 10/27/1997 | See Source »

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