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...that it applied across the board regardless of how frequently someone trades, how many assets the investor holds, or how many shares a person buys. In the past, customers with more than $1 million in assets and those who completed more than 120 trades a year got the lower rate, while less wealthy, less active clients were hit with higher fees. Also, under the new rules, anyone trading blocks of more than 1,000 shares will no longer be hit with additional fees...
...about-face, President Obama abandoned his plan to try Khalid Sheikh Mohammed and four other alleged 9/11 plotters in a lower Manhattan civilian court, days after New York City Mayor Michael Bloomberg rescinded his support. The trials, which could last years, would have cost as much as $1 billion in security in the city's financial district. The Justice Department is now considering other locations, such as military bases and prison complexes. Meanwhile, several U.S. Senators announced Feb. 2 that they would move to cut off funding for the federal trials unless the Obama Administration tries the suspects in military...
...parable of Toyota is that the tortoise became the hare. Over decades, Toyota built its reputation and market share in tiny increments by way of its renowned continuous-improvement method. In the Toyota mantra, quality was always first because it led to lower costs, which would lead to higher market share. Eventually...
...could a lower appeals court call the case "as cogent ... as might be imagined" if the top court found such glaring problems? It's a glaring question for Hong Kong's judicial system to answer. In Hong Kong, roughly 75% of not-guilty pleas end in a conviction; in England and Wales, that figure is less than 8%. One prominent lawyer, Clive Grossman, once compared Hong Kong's rate of conviction to North Korea's. "An arrested person is, statistically, almost certain to face imprisonment," he wrote in the preface to the latest edition of a criminal-law reference book...
...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 to view...