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...proxy fraud, the prosecution just has to prove that Lewis was negligent in not including certain information. The SEC does not have to prove, as is the case in regular securities fraud, that Lewis orchestrated a scheme to defraud investors. Poor judgment could be enough to get you in hot water in proxy fraud...
It’s good to be the best. Hot off back-to-back Ivy League championship seasons, Harvard football is sitting before a plate piled high with expectations. The 2009 Ivy League preseason media poll gave Harvard a decisive 10 first-place votes, while Penn took four and Brown three. Harvard is also the only Ivy League team to crack the Football Championship Series (FCS, formerly Division 1-AA) Top-25 poll—earning the No. 25 spot. With the bar set so high, the Crimson is again the team to beat...
...Glenn Beck: the pudgy, buzz-cut, weeping phenomenon of radio, TV and books. Our hot summer of political combat is turning toward an autumn of showdowns over some of the biggest public-policy initiatives in decades. The creamy notions of postpartisan cooperation - poured abundantly over Obama's presidential campaign a year ago - have curdled into suspicion and feelings of helplessness. Trust is a toxic asset, sitting valueless on the national books. Good faith is trading at pennies on the dollar. The old American mind-set that Richard Hofstadter famously called "the paranoid style" - the sense that Masons or the railroads...
...better feeling for this mood, and no one exploits it as well, as Beck. He is the hottest thing in the political-rant racket, left or right. A gifted entrepreneur of angst in a white-hot market. A man with his ear uniquely tuned to the precise frequency at which anger, suspicion and the fear that no one's listening all converge. On that frequency, Frankowski explained, "the thing I hear most is, People are scared...
...recent anniversary of the 9/11 attacks, Beck grew afraid that Americans may no longer be the sort of people who cross mountain ranges in covered wagons and toss hot rivets around in bold bursts of skyscraper-building. Tears came to his eyes (they often do) as he voiced this last fear. But then he remembered that the fiber of ordinary Americans is the one thing Glenn Beck need never fear. So he squared his quivering chin to the camera and held up a snapshot of ground zero, still empty eight long years after the World Trade Center was destroyed...