Word: majorities
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Dates: during 2000-2009
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Phone taps, FBI surveillance, confidential informants - it's the stuff of major mafia investigations and Law & Order reruns. But they're also the tactics used by federal authorities against a slew of dark-suited desk jockeys accused in Wall Street's largest insider-trading scandal in decades. Authorities say billionaire hedge-fund manager Raj Rajaratnam, founder of the Galleon Group, and 19 others illegally used secret information about public companies to inform investments that yielded some $60 million in profits over the past several years. The defendants, who also include traders, lawyers and executives at firms such...
...potential increases in U.S. stimulus spending even as other economies start to withdraw their programs and tighten monetary policy bring more uncertainty to the prospects for the global economy. One early casualty is the U.S. dollar, which has weakened significantly against most other major currencies. A continued fall appears likely as investors park their capital in Australia and elsewhere, because interest rates are trending higher there and economic growth is far more robust than...
Europe in Step? Michael Elliott's article "The Next Step" misunderstands the major issues that concern Britain, the Lisbon Treaty and membership of the European Union as a whole: the principles of sovereignty, democracy, transparency and accountability [Oct. 19]. Elliott refers to how convenient it would be for America, France and Germany if Britain, Poland and the Czech Republic "fall into line soon." That phrase should fill the people of Europe with dread. Democratic nations are a collection of people who are governed by those chosen to serve them. The majority of the people of Britain have no confidence...
...Minister Tony Blair, saying that Blair had blood on his hands by sending troops to war on a false premise and underequipped. If Blair is guilty of such offenses, he should not be even considered for the role of President of Europe, despite being portrayed as a front runner. Major Bob Ritchie MBE, LIVINGSTON, SCOTLAND...
...Thankfully, in the face of mounting bad news on the budget front, Hatoyama is not stubbornly clinging to pledges of fiscal austerity. Major spending cuts have been rendered unrealistic by the current economic climate. Falling real wages and low business investment mean Japan's recovery is fragile. A recent Nikkei newspaper survey showed that 38% of top Japanese executives rated the likelihood of another downturn next year as high or somewhat high. The biggest risk, cited by 69% of respondents, was "the effect of fiscal stimulus measures wearing off." Hatoyama appears to be willing to continue stimulus spending under...