Word: n
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Dates: during 2000-2009
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...Street were tanking, few investors had ever heard the name Jér?me Kerviel. Why would they? The 31-year-old from small-town Brittany in France was a low-level futures trader. One week later, Kerviel - the rogue trader who has lost Société Générale $7.1 billion) - now has 347,000 hits on Google, 14 groups dedicated to him on Facebook, and a Wikipedia biography - and the mounting political scandal over how he pulled off the biggest scam in banking history is only just beginning...
...government officials. Bank of France governor Christian Noyer has been summoned to appear at a Wednesday crisis hearing in the Senate. And officials for President Nicolas Sarkozy were quoted in French and British newspapers saying that the French leader was enraged that Société Générale executives had waited at least three days before telling him that they'd uncovered the giant fraud. Sarkozy had good reason for unhappiness. When the scandal broke late on Wednesday night he was in New Delhi signing business deals with Indian officials, and trumpeting France as a dynamic country...
...Days before, Société Générale executives had discovered Kerviel's massive illicit operation, after the trader had gambled positions worth about $73 billion. That's actually more than the bank's entire worth by around $25 billion. Instantly, this evoked comparisons in the media with another lone rogue, Nick Leeson, whose fictitious trades in Singapore lost $1.4 billion for Barings Bank in 1995, wiping out the bank's cash reserves. Leeson was arrested after an international manhunt, and spent more than three years in a Singapore jail. By contrast, Soci...
...might be an impossible task. The sport hasn't been particularly kind to blacks. The game is littered with racial hostilities toward black players, from both fans and opposing players. While the vitriol isn't as vicious as it was in O'Ree's day, Coleman has heard the n-word on the ice; just five years ago, some slob threw a banana at ex-Carolina Hurricanes goaltender Kevin Weekes during a playoff game...
...whether it's fast food or five-star food." Keller's upcoming Burgers and Half Bottles in Napa Valley, which pairs his house wines with simple burgers, was conceived back when he lived in L.A. and would sit in his truck drinking wine with a burger from the In-N-Out chain. "I've always found it fun to unwind in a casual restaurant that offers great food--especially after working long hours in a fine-dining environment," he says...