Word: fund
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...offer to wear a wire is an unusual one but not without precedent. According the Wall Street Journal, former hedge fund manager David Slaine agreed to wear a wire as part of a plea agreement related to insider trading charges. He reportedly wore the wire for more than one year, acting on the instruction of the U.S. Attorney's office, and produced evidence that is now part of U.S. charges against 21 individuals, including hedge fund Galleon Group founder, Raj Rajaratnam, who has pleaded not guilty...
...figured out swiftly that nothing sells better to the youth market than the heroic (and rebellious) image of a lone surfer eluding an awful pounding by nature at her nastiest. This year's contest is sponsored by, among others, a whiskey distiller, a telecommunications giant and a private-equity fund - enterprises that, on the surface, have little to do with either water or sports. Clark has since broken with the contest organizers, explaining to TIME, "I don't want to lose the whole reason why we surf. It's not for the paycheck. It's a way of life...
...around, several more world championships will have taken place. But a Vancouver shutout has severely hindered the sport's ability to grow. Following the IOC's announcement, a recession-weary U.S. Ski and Snowboard Association dropped the U.S. women's ski-jump team, saying it could not afford to fund a non-Olympic event in this economy. Athletes have found their sponsorship opportunities limited, and Van worries that the sport's low profile will lessen its potential appeal for the next generation of jumpers. "When people hear about ski jump, they just assume it's in the Olympics, but once...
...France and Greece - along with himself and Jean-Claude Trichet, head of the European Central Bank - had reached an agreement, the leaders then passed the issue over to their subordinates to hammer out the details. There was no call for an emergency bailout or help from the International Monetary Fund. Instead, the 27 E.U. members promised to underwrite the Greek economy through loans, guarantees and other measures, so long as Athens maintained a tight austerity program. (See pictures of the global financial crisis...
...Athens that it would put its finances in order. Earlier in the day, Otmar Issing, the German former chief economist of the European Central Bank, said the Greeks enjoyed "one of the most luxurious pensions systems in the world" and that it was unreasonable to expect German taxpayers to fund it. Merkel's message of support included a hint of steel. Greece "will not be left on its own, but there are rules, and these rules must be adhered to," she said...