Word: fakeness
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Dates: during 2000-2009
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Bush & Co. also believe that emphasizing cash dividends will induce more responsible behavior from corporations. Reason: you can't fake cash the way you can an earnings report. If companies are encouraged to pay dividends, they will have to manage their companies to deliver real earnings. That will make stocks more attractive and help the market. "Frankly, it's the biggest bang for the buck," says Glen Hubbard, chairman of the Council of Economic Advisers. To discourage finagling, only companies that pay federal taxes can issue tax-free dividends. In lieu of cash, growth companies like Microsoft that...
...Piracy: Fake CDs in China
...turned up an array of big-screen TVs and other luxury goods, $600,000 in forged American Express and Thomas Cook checks, a state-of-the-art counterfeiting operation complete with silk-screen equipment, ink stamps like those used by consular officials, and stacks of high-grade fake passports and other identity documents. Hamdani was tagged as the suspected mastermind. A Pakistani emigre, he had a rap sheet stretching as far as Brunei and was on the lam from a 1996 U.S. indictment for dealing in phony passports in New York...
Canadian authorities are expected to extradite Hamdani to New York to face the 1996 indictment and tell his new story to federal prosecutors. Sources say he passed polygraph tests in Canada. But some veterans remain skeptical. FBI agents who investigated his fake-passport operation in New York concluded, as one G-man put it, "You wouldn't trust him as far as you could throw him." Still, another FBI official says, "we really couldn't afford not to take this seriously. There were so many unknowns." Nevertheless, he adds, for all the FBI knew, the men in question might have...
...large, this is a compromise the public accepts. "We know the vast majority of encounters are fake," says Hindustan Times editor Vir Sanghvi. "We do not think that this is a perfect situation, but in common with the rest of the middle class we have come to the regrettable conclusion that there is no real alternative." For a professional enforcer like Sharma, success isn't just measured in body bags or reduced gang violence, but invitations to celebrity parties and near unanimous media praise. "I don't enjoy killing," says Sharma. "But after we shoot some mobster, his victims look...