Word: lynching
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...founding partner of Merrill Lynch, an unlikely poet, that's a condition he shared with Wallace Stevens the insurance executive and William Carlos Williams the obstetrician; American poetry has a healthy tradition of culling its favorite sons and daughters from unexpected niches. Merrill attended Amherst College, but his education was interrupted by a year of military service in Europe in 1944. A mere World War, though, and the tumultuous love affairs he also endured, were hardly sufficient to deflect his sense of purpose. Year by year, with ferocious industry, he added to his glittering shelf of books...
...Wall Street,'' a congressional staff member said of last week's Executive Order, ``but about mutual funds and pension funds, and that means average Americans.'' People, for instance, like Anna Stathas, 76, and Angeliki Palassopoulos, 72, who on Dec. 27 sued the La Jolla, California, office of Merrill Lynch for putting them into a Mexican fund. Their suit charged that they lost nearly half the $73,000 they invested after Merrill Lynch failed to warn them of the risks. (The firm says the fund's prospectus clearly stated the risks...
...plot of "Queen Margot" is convoluted. In the European version, the film began in medias res, on the day of the wedding. For the benefit of Americans, for whom the sacred history of France is not second nature, the producers have added a lengthy explanatory prologue, much like David Lynch did in "Dune." While the prologue does help to clarify some things, it cannot disguise the fact that director Patrice Chereau, most famous for staging Wagner's Ring in Bayreuth, has a poor command of film narrative...
...frantic days that followed, Orange County authorities strove to reassure residents that life after the bankruptcy filing would go on as usual. Officials said the filing would have "no impact" on county police, fire and paramedic services and noted that a $2 billion emergency loan from Merrill Lynch would help meet payrolls. Yet despite the brave words, the county defaulted on a $110 million issue of bonds that had raised money for pensions...
...aftermath of the bankruptcy filing soon led to finger pointing. Holders of Orange County municipal bonds sued county officials as well as Merrill Lynch and Smith Barney, claiming the firms had concealed "reckless investment practices." Not to be outdone, the county sued Nomura Securities for ignoring the bankruptcy filing and selling $900 million of bonds that it held as collateral; county officials indicated that they would sue other firms that had dumped bonds as well. And the Securities and Exchange Commission widened its investigation of the financial collapse by subpoenaing Merrill Lynch to testify...