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...less to do. During the downturn, the rates at which industrial capacity was being utilized in the U.S. and Japan, the world's two largest economies, plummeted to the lowest levels on record. In China, the world's workshop, tens of thousands of factories making mostly low-end merchandise have shut down...
...Considering Birkenfeld's help, many observers wonder why the Justice Department decided to arrest and prosecute him. In the end, he pleaded guilty to a single fraud conspiracy count; he was sentenced on Aug. 21 in a federal courtroom in Fort Lauderdale, Fla., to 40 months in a federal penitentiary (to start Jan. 8). Many critics believe the decision to prosecute Birkenfeld, whom some consider the most important whistle-blower in years, sends the worst possible message to other financial-industry insiders who might be considering coming forward. The Government Accountability Project (GAP), a Washington watchdog organization that has extensive...
...ruling "may make more sense legally than it does from a policy standpoint," says former IRS commissioner Margaret Richardson. But if the IRS comes to a different conclusion from the DOJ - and under a new law, Birkenfeld can challenge the IRS decision in court - the UBS whistle-blower could end up collecting the first of millions of dollars from the government even as he sits in one of its federal penitentiaries...
...People learn in spite of themselves,” Baer said. “We don’t tell people specifically they are going to learn something when they watch our shows, but they end up doing so anyway...
Chenoweth did all he could to have it swing the Crimson’s way. But while the race for first place was a blowout, the meet as a whole was tight until the end, when Harvard came through, 26-29. Chenoweth pointed to a team-wide strategy to start off fast...