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...price war began last month when brokers began aggressively cutting commissions on stock trades to grab the attention - and business - of many self-directed investors and independent financial advisers who had fled large brokerage firms during the economic and stock market meltdowns...
...joint-degree program with the New England Conservatory, is currently studying voice and French classical vocal music on a Fulbright scholarship in Paris, according to the Gates Cambridge Scholarship Web site. Kapusta will focus on performance studies while at Cambridge. He could not be reached for comment last weekend...
Dartmouth College, whose endowment fell by 23 percent last year, announced yesterday that it will alter its no-loan financial aid program due to financial difficulties and will reintroduce loans for families whose income is between...
...president, relied on American lawyers, bankers and real estate agents to bring a total of $110 million in suspected dirty money into the U.S. via a complex system of shell accounts. The report also described how Omar Bongo, who ruled Gabon for nearly 42 years until his death last June, transferred $18 million into a U.S. account with the help of an American lobbyist. Similarly, the ex-wife of former Nigerian Vice President Atiku Abubakar is alleged to have helped shift $40 million into U.S. banks via offshore corporate accounts. These and other cases in the report suggest that...
...However, prosecutors in cases like these still face significant legal hurdles in trying to reclaim public assets suspected of being stolen by political leaders. Last month, a Swiss court ordered $4.6 million in frozen accounts to be returned to former Haitian dictator Jean-Claude Duvalier after his family appealed a lower court's decision to turn the money over to charities, arguing the statute of limitations on any purported wrong-doing had expired. Moreover, despite a 2005 U.N. convention setting legal requirements for fighting corruption, Valerian says many Western countries have been slow to apply the measures and tend...