Word: coverers
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Take Stephen Walsh and Paul Greenwood, operators of Westridge Capital Management's $1.3 billion in assets, who last week were charged by the Commodity Futures Trading Commission (CFTC) with allegedly "misappropriating" at least $553 million either for personal expenses or to cover trading losses. The CFTC is the sister agency of the Securities and Exchange Commission and covers fraud in the commodities, futures and foreign-exchange markets. (See pictures of the demise of Bernard Madoff...
...push the country toward default in order to declare an emergency situation so that he can remain president. For his part, Yushchenko has accused Tymoshenko of betraying national interests and agreeing "a secret Molotov-Ribbentrop protocol" with Moscow as part of attempts to secure a $5 billion loan to cover budget shortfalls. Russia's outspoken ambassador to Ukraine, former Prime Minister Viktor Chernomyrdin, caused a diplomatic uproar in February when he said they were "at each other like dogs...
...Young's COBRA premiums have risen, he has cashed in savings accounts and a 401(k) to meet costs and co-pays. The cancer has spread to his lung, hip and leg bones, and the costs of his chemotherapy and pain medications are mounting. His hospital has helped cover some expenses. Born on the Fourth of July, Young has outlived his initial prognosis; now he is hoping to persuade the Social Security Administration to grant him Medicare benefits in April, the second anniversary of his disability (recipients must wait two years to be eligible). But he has since found...
Read TIME's 2004 cover story "The Strip Is Back...
...border with Burma and Laos, collaborate on the Golden Triangle Asian Elephant Foundation. The sanctuary and hotel properties are home to around 30 elephants, all of which might otherwise be languishing as street beggars. Often, soliciting snacks from urbanites and tourists is the only way an owner can cover the cost of feeding an animal that in the wild eats up to 550 lb. (250 kg), or around 5% of its body weight, each day. (Foreigners may thrill at the sight of an elephant plodding past high-rises, but a smoggy metropolis is not a natural habitat for creatures unused...