Word: ince
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Dates: during 2000-2009
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...Stossel says he first learned about industry’s impact on the medical profession after joining the advisory board of Biogen Idec Inc., a Cambridge biotechnology company...
...Moody’s, like rival firms Standard & Poor’s (S&P) and Fitch, Inc., follows a “corporation-paid” model, in which the corporation issuing a security pays for Moody’s to rate that security. This creates a conflict of interest. Since rating agencies want to keep a steady flow of business, they have good reason to overrate securities and make their customers—the issuers—happy. Indeed, rating agencies in the past have given collaborative feedback to issuers to such an extent, some argue, that their ratings...
Florida's Gulf Coast was crawling with shady real estate investors like Neil Husani during this decade's housing boom. According to the U.S. Attorney's office in Tampa, Husani and three co-conspirators working with his Sarasota-based Capital Force, Inc., bilked seven area banks out of $83 million in a mortgage fraud scheme. Between 2003 and 2006, they bought up dozens of properties, used false information to secure mortgages far in excess of the actual property values, then pocketed the difference, which amounted to more than $40 million. The properties went into foreclosure and the banks, as well...
...targets of the suit, which seeks restitution for the plaintiffs, is Keep Your Property, Inc. The North Miami Beach firm allegedly bilked Floridians like Leslie Brown, a 73-year-old Jamaican immigrant and former dockworker. When faced with foreclosure on his Ft. Lauderdale home last fall, he says he paid $2,200 along with other large fees to Keep Your Property, which promised to get his sky-high mortgage interest rate lowered so he could continue making house payments. "I was so happy, I was sure they would take care of it," says Brown, a widower who has since lost...
...example, I learned a lot of calculus, which hasn't proved that useful in my career. But I do remember being confronted at a Time Inc. meeting on digital strategy with the simple question of how many direct two-way links there were in a fully connected network of 50 nodes. It was a long time before any of us could figure out even how to begin figuring it out. Tomorrow's careers are likely to require more knowledge of networks, probabilities, statistics and risk analysis. That's why it would be useful to have the standards-setting body...