Word: flea
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...from his nearly 60-page written description of the SEC's "investigative ineptitude" and "financial illiteracy." At the start of his oral statement, Markopolos injected a bit of metaphorical humor into his charge, describing the SEC as a regulatory agency that "roars like a mouse and fights like a flea." With the sober, academic look of an accountant, the former investment manager for Rampart Investment Management in Boston (he is currently an independent certified fraud examiner) detailed Madoff's phony split-strike conversion strategies and oddly "unsophisticated portfolio management." Markopolos said Madoff's "math never made sense" and his "return...
...with the city's lively atmosphere, has made picking up on the local hot spots a breeze. Chueca and Malasaņa, neighborhoods that Vevers frequents and equates with a cross between New York City's SoHo and East Village, are brimming with restaurants, galleries and nightclubs. El Rastro, the flea market, is one of his regular shopping haunts, as are the surrounding areas for their vintage stores. For a dose of culture and design inspiration, Vevers heads to the Golden Triangle, an intersection of Madrid's three most famous museums?the Prado, the Thyssen-Bornemisza and the Reina Sof?...
...dark hours of morning in one of the neighborhood's fantastic cafés, like the basement-level Grai Kotturinn (the Gray Cat) or Mokka, where the grease shadows of decades of visitors mark the old wood-paneled walls. If it's a weekend, stop by Kolaportid, the old flea market that also makes a cameo in 101, where merchants from outside the city go to gossip over coffee and doughnuts and sell their wares. There aren't a lot of places in the world where you can buy guillemot eggs, whale, vinyl records and old Icelandic textbooks under...
...SHINY BOTTLES For 20 years, lighting sculptor Warren Muller has been collecting all manner of scrap at flea markets, auctions and junkyards, and transforming that ordinary stuff into illuminated art. "I favor old tools, farm equipment and industrial parts," he says. Here, a salvaged crate is combined with unearthed Moxie soda bottles to make a light that throws a rustic glow ($3,600-$250,000). www.bahdeebahdu.com
...campaign is over before it began: Dmitry Medvedev will be Russia's next President. Only two things can stop him. One would be a serious medical emergency. This is unlikely, since the man looks as fit as a flea; it has been centuries since any Kremlin ruler - except for the incumbent, Vladimir Putin - has looked in ruder health. The second snag would be any change of mind by Putin. Medvedev owes his projected elevation to the favor of just one man. Such is Putin's dominance that Medvedev has immediately begged him to serve as his Prime Minister after...