Word: judgmental
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...sharp recession, often moves from hiding wealth to keeping it. Some people with a lot of money get bilked by the genius of people like Bernie Madoff, a man who must be near the top of his class at Mensa. Usually, losing money does not require a lapse in judgment. In a poor economy, invested capital just disappears. People who had $20 million suddenly have $10 million. If they have been frugal, they are OK. If not, they often go bankrupt...
...bank execs to price their assets is no good either. Treasury Secretary Tim Geithner hopes to get around this by jump-starting a market for troubled mortgage securities, but he hasn't outlined how he's going to do that. So for the moment, we're stuck with more judgment calls. And guesses...
...Leaders of other militias have already been convicted. The court's last case is the trial of Taylor, who initially fled to Nigeria under his amnesty agreement but is now being held in the Hague. Taylor's trial was moved there for security reasons. After Wednesday's judgment, the prosecutor of the Special Court for Sierra Leone, Stephen Rapp, spoke to TIME's Africa bureau chief Alex Perry by phone from the court's offices in Freetown...
...into prison on charges of fraud and tax evasion, could proceed with a lawsuit seeking $34 billion in damages against the Russian government. It is the largest claim the ECHR has agreed to consider and the first ever involving a corporation. The financial and political fallout from an ECHR judgment could be immense...
...placed complaints with the European Court of Human Rights," says Claire Davidson, a spokeswoman for Yukos. But there could be a much higher cost in Russia, where the local media are already speculating on how a $34 billion payout could cripple the economy. Others suggest that, with a judgment against it, Russia could sever its ties with the European Council and the ECHR altogether. "This is speculation, but if it happened, it would be more than a loss," says Karina Moskalenko, a human-rights lawyer who has worked with Khodorkovsky. "It would be a disaster for all the individuals...