Word: lating
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...record, Brüno, like Borat, was directed by Larry Charles. And as with Borat, the story in Brüno is just the merest pretext for stringing together provocations. At the beginning, Brüno is the hip-cocking host of Funkyzeit, a late-night Austrian TV show that tours the world of style. When he wrecks a runway show and ends up shunned by the Euro-fashion crowd, he lights out for the Middle East, Africa and the U.S. to become "the biggest Austrian superstar since Hitler." At which point Brüno becomes, again like Borat...
...world's investment-fund industry. Only this time it's from Brussels. Fresh E.U. proposals would require hedge funds, private equity and a host of other alternative investment funds to meet tougher regulation before they can market to investors in the region. The legislation - tabled for discussion in late April in an effort to shore up investor protection while reducing risk - has attracted growing criticism. London-based AIMA, a global hedge-fund industry group, calls proposed disclosure requirements bureaucratic. Kinetic Partners, a consultancy for the U.K. hedge-fund industry, reckons meeting stricter capital requirements and risk-management rules could cost...
...other states, however, it's the extra volatility that comes from dependence on personal-income tax that is exacerbating the problem. Research by economists at the Chicago Fed show that by the late 1990s, the personal-income tax had emerged as the major source of state revenue - and that personal-income tax swings more wildly than other taxes, like sales tax. The typical state now gets 36% of its funding from personal-income tax, according to the Rockefeller Institute of Government. As unemployment continues to climb and investors offset their capital gains with losses, the effect is felt disproportionately...
...Brunswick, begin with a common-sense proposition: when people hear something they don't believe, they are not only often skeptical but adhere even more strongly to their original position. A great deal of psychological research has shown this, but you need look no further than any late-night bar debate you've had with friends: when someone asserts that Sarah Palin is brilliant, or that the Yankees are the best team in baseball, or that Michael Jackson was not a freak, others not only argue the opposing position, but do so with more conviction than they actually hold...
...Attorney General's Office said that O'Brien, a 58-year-old resident of Framingham, Mass., allegedly stole nearly $780,000 for personal use while working as a contracted financial manager for a non-profit religious organization affiliated with a local university. A Middlesex Grand Jury charged him late last week with forgery, uttering, 11 counts of larceny over $250, 2 counts of larceny by continuous scheme, and 5 counts of failure to file income tax returns, according to the release...