Word: dollarses
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According to a 200-page CBI report, Satyam insiders forged board resolutions to secure $260 million in bank loans which were diverted for personal use, and over several years generated fake customer identities and account statements to inflate Satyam's revenues by millions of dollars, boosting the company's share...
The Dubai debacle triggered immediate concern about a new wave of financial problems rippling through global markets. Stock-market indexes plummeted, the cost of insuring against a default by Dubai jumped and the dollar strengthened as investors rushed back into greenbacks. On Friday afternoon, stock markets made something of a...
There is no easy solution to the massive problem the UC system and the State of California faces, but some options are more desirable than others. If the Board of Regents must hike tuition, the main part of this financial burden should be placed on out-of-state students, whose...
Besides the Army Corps, mismanagement by the local levee boards contributed to substandard levees. Katrina wasn't even as bad a storm as had been feared, but the levees weren't as good as had been hoped. Some fact-based decision-making could have saved hundreds of lives and billions...
Any hope that pro-life Democrats were going to go quietly into the night was shattered in the final hours before the House passed its version of the health care bill on Nov. 7. Sixty-four pro-life Dems joined most Republicans in voting for an amendment authored by Representative...