Word: exchangee
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When western diplomats seek concessions from Iran, they typically dish out tough rhetoric and threaten sanctions. Neil MacGregor, the cherub-faced director of the British Museum, uses a more refined arsenal: cultural relics and priceless artifacts. In January, MacGregor traveled to Tehran to finalize the loan of treasures from eight...
Given recent events, that's an understatement. On Feb. 3, one day after Iran launched its first domestically produced satellite, Britain's Foreign Office condemned the move, saying it raised "serious concerns about Iran's intentions." Two days later, the British Council, a body that promotes international cultural dialogue, suspended...
The part of the GM request for money that is very clear is that, in exchange for $16.6 billion, the company will fire 47,000 people. It may be the only example in U.S. history where the government will pay to put tens of thousands of its own citizens out...
• As a banker, played a major role in deals between airlines and unions in the early 1990s - facilitating employee givebacks in exchange for stock, for example.
Last week, Obie uncovered two Ponzis in the $30 million range. Once considered a good size, the amount now barely raises an eyebrow. The CFTC, a sister agency to the SEC, handles commodities, futures and foreign-exchange regulation and fraud. A Ponzi is a fraud in which money from new...