Word: norrisism
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While not using the words cover-up or conspiracy, the 183-page report argues that about a month before Barings collapsed under debts totaling $1.24 billion, both Peter Norris, former chief executive officer of Barings Investment Bank, and James Bax, former managing director of Barings' Singapore unit, deliberately hindered investigations...
At issue was a ruse whereby Leeson reconciled his year-end accounts in 1994. Both the London and Singapore reports agree that Leeson fabricated a $79 million credit from Spear, Leeds & Kellogg, a New York City-based securities trader, to offset his losses. When Barings' external auditors questioned the entry...
"In our first issue, we are planning to have a number of articles on American elections, Philippine elections, and Italian politics," Norris said.
The intention of the journal, Norris said, is to "bridge the gap between academic research and the world of publishing."
Kalb and Norris have created an editorial board to oversee the magazine which is comprised of "journalists, scholars and some ex-politicians," according to Kalb.