Word: corneres
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Ebbers' conviction reflects a new calculus for corner-office occupants: that corporate crime may finally equate to lengthy prison terms. Many of the most notorious white collar villains of a generation ago received light sentences compared with what Ebbers faces. Junk-bond king Michael Milken, for instance, served only 22 months for securities fraud. Now CEOs must recognize the risks of an "I didn't know" defense and face the prospect of monumental consequences to go along with their monumental pay packages. That Ebbers lost hundreds of millions himself in the WorldCom collapse--buying more stock even as the company...
State and local officials are building institutions virtually overnight to grapple with pill-related crime. Three regional jails are set to open this spring to ease inmate overcrowding in the state's Appalachian corner, and the Virginia general assembly recently appointed another circuit judge to help Tazewell. Also, the legislature has begun exploring an expansion of southwestern Virginia's prescription-monitoring program statewide, allowing state police and physicians to detect patients who go doctor shopping. In Tazewell, authorities are applying a big-city solution to their rural problem. They recently began a drug court dedicated to drug cases, where young...
...Republican Congressman Todd Tiahrt of Kansas. "Why is it an emergency?" Tiahrt, who favored funding only $18 million for preliminary planning and has requested a briefing on a "site survey" conducted for the DNI's space, said the Administration was leaning toward an expensive site in the Tyson's Corner, Va., area of the Washington suburbs. He wants to know why the new intelligence czar can't settle for more reasonably priced real estate and possibly existing government buildings. A source says Negroponte may reject the Virginia location anyway, in favor of a spot closer to the White House...
Following a T shirt around the world is a gimmicky narrative device, but it frees Rivoli from the usual debate over global trade. She goes wherever the T shirt goes, and there are surprises around every corner. In China, Rivoli shows why a clothing factory, despite its harsh conditions, represents a step toward personal freedom for the women who work there. In the kaleidoscopic used-clothing bazaars of Tanzania, she realizes that "it is only in this final stage of life that the t-shirt will meet a real market," where the price of a shirt changes by the hour...
...corner of his office, which occupies the second floor of a century-old Italianate villa just blocks from where he grew up, Feng keeps a porcelain jar full of rice-paper scrolls so that he can practice his calligraphy between deals. On weekends he studies oil painting with his 7-year-old daughter. He hopes that by the time she grows up, he will have become chairman of China's largest gold mine--a fitting aspiration for a man with a knack for spotting buried treasure. --By Susan Jakes/Shanghai