Word: petered
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Interestingly, Markopolos said he never went to the Financial Industry Regulatory Authority (FINRA), a nongovernmental regulator that oversees 5,000 brokerages, out of fear for his safety: "Bernie Madoff was chairman of their predecessor organization and his brother Peter was former vice chairman." Those links to Madoff, he felt, could have exposed him to harm, especially since a lot of feeder fund money "was coming from Russia and South America...
...calls for labor protection pose a problem for European leaders: they run counter to E.U. rules that ensure the free flow of goods, services and workers. Worse yet, notes U.K. Business Secretary Peter Mandelson, such moves risk beginning a chain reaction of protectionism that could make the economic slowdown even worse. "It would be a huge mistake to retreat from a policy where, within the rules, U.K. companies can operate in Europe and European companies can operate here," Mandelson said on Jan. 31. "Protectionism would be a surefire way of turning recession into depression...
...Staff writer Vidya B. Viswanathan can be reached at viswanat@fas.harvard.edu. —Staff writer Peter F. Zhu can be reached at pzhu@fas.harvard.edu...
...setting up a chain of shops in the U.K., approached 10 Lords for help amending business-rates legislation. Three Conservative peers, a Liberal Democrat, an Ulster Unionist and a Labour peer ignored the request or refused to help. But The Sunday Times says four Labour Lords - Lewis Moonie, Peter Snape, Thomas Taylor and Peter Truscott - agreed to help amend the bill in exchange for retainers. Following those allegations, London's Independent newspaper reported that peers are currently being paid to advise more than 200 companies and pressure groups, and The Sunday Telegraph found examples of peers who have officially registered...
Under swirling clouds, its four-story hull illuminated by lanterns tied to its masts, the massive warship sinks beneath the waves. For more than two centuries, Peter Monamy's dramatic painting was one of the few images available of the tragic end of HMS Victory, which mysteriously disappeared, along with its crew of 1,100 men, one stormy night in 1744. Now, however, shipwreck salvage company Odyssey promises to fill out the picture. On Feb. 2, the Florida-based company announced it had recovered the Victory's remains...