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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...
...Michael Moore, Morgan Spurlock, or Al Gore. No lone protagonist sets out to lead and shape the viewer’s understanding of the subject matter. Instead, director Leslie Cockburn speaks only through others—financial experts, city officials, and an array of Baltimore residents—in order to explore and explain the causes and effects of the current financial crisis. Through its masterful compilation of interviews and news clips, the documentary deftly weaves the personal with the national and the human with the financial for a holistic and disturbing take on the sub-prime mortgage crisis...
...Cockburns’ most admirable accomplishment is in balancing the technical rigors of economic theory with focused, empathetic stories of struggle and pain. One such story belongs to Reverend Almalene “Emily” Wade, who took out the equity in her childhood home in order to make the renovations needed to accommodate an assisted-living center, but could not afford the monthly payments and so lost the residence. Standing in front of her former home, Wade speaks powerfully to the scope of her financial hardships. “You lose more than the home...
...rest of the modern R&B world—this Harvard grad knows how to treat the ladies. Unfortunately, the producer-turned-performer’s latest release, “Transitions,” is sleek and uninspired, relying on common tropes and clichés in order to appeal to a mass audience and mask its subpar vocals. While the album remains relatively listenable, Leslie’s attempts to create common ground render his songs false and hollow...
...dissipate, Hun Sen announced on Nov. 4 that he was appointing a certain Thai as his economic advisor. Thaksin's conviction by a Thai court, opined Cambodian state T.V., was "politically motivated." The former Premier responded by announcing that he would be delighted to accept the position in order to keep "my brain sharp" - although he cautioned that the honorary position wouldn't be as fun as "working to help Thai people out of poverty...