Word: funding
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...criminal charges have been filed in connection with the slush-fund scandal against either von Pierer, whose tenure as CEO stretched from 1992 to 2005, or Kleinfeld, who became CEO in 2005 and resigned under pressure in April 2007 as the bribery investigation widened. Both men maintain their innocence. Nevertheless, the supervisory board is seeking compensation for damages to the company, which it claims resulted as a failure of the executives to carry out their oversight responsibilities...
...women in Dubai lobbied for their own corner on the stock exchange, complete with snacks and coffee service. And Saudi women now day-trade online in growing numbers. "Women are becoming more empowered in dealing with their wealth," says Shamsa Noor Ali Rashid, a board member of FORSA, a fund started by Dubai World last year exclusively for female investors...
...glad to hear that Congress this week had passed a housing relief bill that could help some 400,000 desperate homeowners like Harvin keep their homes via mortgage refinancing aid. They're happier still that President Bush said he'll sign it, despite his objections to the refinancing trust fund as well as the $4 billion set aside to help local governments buy up and refurbish already foreclosed homes (the President described these provisions as giveaways). "We feel a large measure of hope," says Miami Gardens councilman and real estate lawyer Andre Williams. "This isn't just about maintaining houses...
...McCain, but even here the details get tricky. McCain, for example, has a new risk pool, which would help provide health insurance to those with pre-existing conditions, and he wants to continue to grow the size of the Army and Marines. Obama has a big new green-energy fund, a plan for national service and the promise of more money for education. The green-energy fund would be paid for, Obama says, by selling energy producers permits for producing greenhouse gases...
...Wall Street got drunk.' GEORGE W. BUSH, describing the nation's troubled economy at a GOP fund raiser after requesting that all cameras be turned...