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...Outside, the hard questioning of bank executives has already begun. Hammered by reporters on a conference call on Sunday, Mustier said Kerviel had outwitted the bank's internal control department for nearly a year, partly by changing the financial instruments he traded - thus triggering attention from departments that knew nothing of his trading history. Kerviel learned the intricacies of the bank's controls during his time working in middle-office jobs, before moving to the trading floor in 2005. "He chose very specific operations which were not involving any cash movements," Mustier said. "He managed to place transactions which...
...From the beginning, Zhou knew he risked running up against the authorities, who aim to exercise as strict a control over China's rapidly expanding virtual universe as they do over their citizens' everyday lives in the real world. (Any day soon, China will surpass the U.S. as the nation with the largest number of people online.) But because so much of the Internet is ungovernable, it is the freest public space in the country, a place where individuals like Zhou constantly push the limits of permissible activity...
...recently wrote your first nonfiction book, The Innocent Man. Will you write more like it? -Anne Sherwood Kansas City, Mo.No. Nonfiction is too much work. I'm too lazy to do all the research. I actually never thought about [writing nonfiction], but when I saw the story, I knew I had to write...
...ever get writer's block? -Julius Ogunro, Lagos, NigeriaI have the opposite problem. Every year in late spring-when it is time to start writing a book-I have so many ideas. There are always a dozen bad ideas that never take place. If people knew how easy it came, they would really hate me. [Laughs...
Bill Clinton spent years rebranding himself as a global rock star, Hillary Clinton as the workhorse Senator who knew her stuff. She had the money, the machine and the momentum, until all of a sudden she didn't. There was Barack Obama, on his postpartisan pedestal, a transformational figure who somehow made hope sound hip, raised tons of cash, got kids to actually show up and vote, had red-state Democrats lining up to endorse him. This was not the fight the Clintons had trained for. Something had to change, and quickly...