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Word: dollarization (lookup in dictionary) (lookup stats)
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...Cellini, of Springfield, is accused of trying to shake down the Teachers' Retirement System and other firms for campaign funds for Blagojevich, and also of trying to extort one of the producers of the Clint Eastwood film Million Dollar Baby. He has been under indictment since October, the 13th person charged in the ongoing Illinois pay-to-play scandal that prosecutors said traces back to even before Blagojevich became governor. Cellini has denied any wrongdoing. (Read "The Fall of the House of Blagojevich...

Author: /time Magazine | Title: As Blagojevich Pleads Not Guilty, Some Prosecution Moves Are Questioned | 4/14/2009 | See Source »

...original version of this article misstated that William Cellini is accused of trying to shake down the Teachers' Retirement System and other firms for $1.5 million in campaign funds for Blagojevich. No specific dollar figure is cited in the indictment against Cellini...

Author: /time Magazine | Title: As Blagojevich Pleads Not Guilty, Some Prosecution Moves Are Questioned | 4/14/2009 | See Source »

...publishing an annual list of pork-barrel projects in an effort to shame politicians into curbing their earmark requests. It hasn't worked. This year's Pig Book outlines $19.6 billion in pork barrel projects that will fund more than 10,000 projects in the 2009 fiscal year. (The dollar amount is 14% higher than the previous year, although the raw number of projects dropped 12.5%.) The thing about earmarks is that they make a politician popular at home, but unpopular on the national stage. While some politicians prefer to keep their overspending quiet, others are proud of their ability...

Author: /time Magazine | Title: Government Pork: A Voter's Guide | 4/14/2009 | See Source »

Satyam Computer Services, the Indian I.T. and outsourcing giant that was nearly sunk by its founder's billion-dollar accounting fraud, has been sold to a smaller rival in an unusual auction in which bidders were unable to assess the true financial standing of the company...

Author: /time Magazine | Title: India's Satyam Computer Finds a Buyer | 4/13/2009 | See Source »

...South Africa Zuma's Path to Power Cleared South African prosecutors have dropped corruption charges against African National Congress leader Jacob Zuma, ending an eight-year legal saga in which Zuma was accused of accepting bribes to impede an investigation into a multibillion-dollar arms deal. The decision to drop the charges comes just two weeks before the country's presidential election, clearing the way for a near certain victory for Zuma. Members of the Democratic Alliance, South Africa's main opposition party, are demanding a judicial review, accusing prosecutors of "buckling to political pressure." Zuma, who had long called...

Author: /time Magazine | Title: The World | 4/9/2009 | See Source »

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