Word: manhattanize
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Dates: during 2000-2009
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...pays, administers and regulates it? But possibly more importantly, every major financial center would need to be on board for the levy to be effective. Investment banks wouldn't likely leave Britain for cheaper foreign currency-trading in Macedonia, but they might well if that opportunity was in Manhattan. Advanced economies imposing the tax unilaterally "would see their financial markets decimated," Howard Wheeldon, senior strategist at BGC Partners in London, wrote in a note to clients on Monday. (See 25 people to blame for the financial crisis...
...department's action against the Alavi Foundation in U.S. District Court in Manhattan expands a forfeiture proceeding which began last December against the Assa Corp., a part-owner of a 36-story high-rise on Fifth Avenue. But in what may be a first, the government also seeks to seize additional properties in New York, Maryland, Texas, Virginia and California, some of which house mosques, Islamic centers and schools. (See pictures of America's Islamic community...
...weeks after he was sworn in as U.S. Attorney for New York's Southern District, Preet Bharara is being put to the test. U.S. Attorney General Eric Holder's announcement that self-professed Sept. 11 mastermind Khalid Sheikh Mohammed and four alleged co-conspirators will be tried in a Manhattan federal court makes Bharara the man responsible for bringing an unabashed terrorist to justice. Bharara, who drew plaudits for his investigation into the firings of eight U.S. Attorneys under President George W. Bush, has burnished his reputation by prosecuting organized crime figures and white collar criminals. His newest assignment presents...
...fellow Monmouth County resident Bruce Springsteen, whose music sometimes fills Bharara's office when he works late. A framed photo of the Boss and Bharara's mother hangs in his lower-Manhattan office...
...What former Manhattan U.S. Attorney Rudy Giuliani did to the Mob is what Preet Bharara will do to Wall Street." - Ravi Batra, an India-born defense lawyer in New York, after Bharara brought insider-trading charges against two high-profile businessmen from India, where Bharara was born (Wall Street Journal...