Word: deal
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...extension was called for in mid-January by Manhattan-based US District Attorney's office, then still piecing together the stunning global fraud. The extension agreed to today by Feds and Madoff's lawyers appears to confirm the two sides are working hard on a plea bargaining deal. Litt's office, with no comment, has not tipped their hand either way. A guilty plea would mean Madoff would escape the glare of a trial and be sentenced quickly...
Earlier this week, the Securities and Exchange Commission cut a deal with Madoff, settling a civil case against him where he accepted a permanent asset freeze and agreed to the SEC's complaints against him were "established" and could not be contested. Madoff consented without "admitting or denying the allegations" that he allegedly ran the decades-long fraud under the nose...
...mattered little in a booming economy could doom a company when the economic pie starts shrinking. Take the auto industry. Toyota is weathering the recession far better than its American counterparts not just because it has been making the fuel-efficient automobile customers wanted - though that helped a great deal - but because the Japanese giant makes a fetish out of efficiency. (The term for it in Japanese is kaizen, or continual improvement.) Even Wal-Mart, once environmental Enemy Number One, has made its Byzantine supply chain greener and more efficient - and spreading those values to its network of suppliers...
...take from the inspiration of these two giants,” Faust said. “Let us try to deal with one another with a Lincolnian aspiration to the better angels of our nature and not the Darwinian spirit of...tooth and claw...
...more thoughtful, long-term evaluation of our theory of punishment. Strategies such as outsourcing prisoners to other states or privatizing prisons do little to solve the deeper issues that cause overcrowding in the first place—we need a critical examination of the ways in which we deal with those who have broken...