Word: monday
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Anticipate an odd case of road rage this week among hedge-fund high rollers driving home while contemplating some catastrophic losses in the market, while the iconic Porsche logo on their steering wheel stares back at them. That's because the venerated Stuttgart sports-car manufacturer on Monday inflicted losses estimated to be as high as $38 billion on hedge funds, banks and other investors who had been short-selling Volkswagen stock. It was more than just patriotic fervor that got Germans cheering this week when shares in VW shot up to more than $1,276, making...
...Consider also the case of veteran Alaskan Senator Ted Stevens, found guilty on Monday of federal ethics violations for accepting unreported thousands of dollars’ worth of gifts, including a home renovation. Once the chair of the Senate Appropriations Committee and the President pro tempore, Stevens had become over the years one of the most influential men in the Congress...
...identity crisis.” In addition to their governor’s protracted grilling on the national stage, Senator Ted Stevens—Howk called him “Uncle Ted”—was found guilty on seven counts of lying on his tax returns Monday...
Uncle Ted, the Senator with an avuncular penchant for gift-giving - $3.4 billion in federal earmarks for Alaska since 1995 alone - has been convicted of receiving a few freebies of his own. Stevens, 84, was found guilty Monday on seven felony counts for failing to report $250,000 in improper gifts he received from Bill Allen, the disgraced executive of an oil-services company...
...peacekeeping mission than when it is attacked by the people it was sent to protect. But that is what's happening to the U.N.'s biggest peacekeeping mission, the 17,000 blue helmets in the Democratic Republic of Congo (D.R.C.) known by the French acronym MONUC. On Monday, one person died when hundreds of protesters attacked the mission in the eastern Congolese city of Goma, on the border with Rwanda. The protesters say the U.N. is not doing enough to protect them from an advancing rebel army. Several U.N. compounds in the city were attacked, said U.N. spokeswoman Sylvie...