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...surface, Madoff's funds were supposed to be low-risk investments. His largest fund reported steady returns, usually gaining a percentage point or two a month. The funds' stated strategy was to buy large cap stocks and supplement those investments with related stock-option strategies. The combined investments were supposed to generate stable returns and also cap losses...
...year-old U.S. Attorney dropped many a memorable sound byte when he unveiled corruption charges against Illinois Governor Rod Blagojevich on Tuesday, referring to the governor's actions as a "political corruption crime spree" that brought the state's notoriously crooked politics to a "truly new low" and "would make Lincoln roll over in his grave." The rhetoric, called priggish by some, is not surprising for a guy who has built his career fighting Mob bosses, terrorists, drug lords and double-dealing public servants like former Bush aide "Scooter" Libby. "It has become a cliché to compare...
...wondered how the governor could attempt anything so brazen amid what were clearly ongoing federal investigations into some of his activities. "It's as if it didn't register [with Blagojevich]," says Jay Stewart, executive director of the Illinois Better Government Association, in Chicago. "Even by our crass, low standards in Illinois, it's stunning." Most polls had the governor's approval rating in the low two digits, from 16% to about 25%, but a recent survey had Blago (as the Illinois public has grown to call him, unflatteringly) at an incredible subbasement-level...
...scandal that appears likely to end his career has come. Arriving at court on Tuesday, Blagojevich entered from a side door, wearing a Nike blue and black running suit and keeping his head low after a quick sweeping look at the crowded gallery. His appearance was rather haggard, his normally brushed bangs a bit unkempt - a striking contrast with his co-defendant, chief of staff John Harris, 46, who was dressed tidily in a suit...
...into their own hands. "This cholera epidemic is really the last straw," she says. "The government is not going to be able to back away from this." But Vines sees little hope for a rebellion. "The population is fatigued, most of the middle class has left, energy is very low, and Zimbabwe's population is anyway very conservative," he says. "On top of that, the paradox of the cholera epidemic is that the outside emergency aid it attracts will prop up Mugabe...