Word: points
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Dates: during 2000-2009
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Until now, Madoff, who was sentenced to 150 years in prison, has steadfastly insisted he acted alone in the scheme and refused to point the finger of blame at anyone else. Madoff's brother and sons, who worked under the same roof, as well as his wife Ruth, have come under intense scrutiny during the probe but have not been charged with any wrongdoing. Madoff's outside accountant, David Friehling, is the only other person to be formally charged in the seven-month investigation until now. He pleaded not guilty to fraud charges...
...pleasure this past year of living with another transfer who had spent the first two years of college enrolled in the United States Military Academy at West Point. He left to become an academic, but never lost the values of duty, honor, and leadership that are instilled there. We left straight from our last final to dash to South Station, took the Fung Wah bus to New York City, and then boarded a night train headed north towards West Point. We camped clandestinely in the woods, dodging the military police, and rose with reveille in the morning...
...that Washington was slashing taxes on the highest earners. The top federal marginal rate plummeted from 70% in 1980 to 28% in 1988. (It's now 35%.) Some CEOs who are critical of the compensation status quo but who don't want government telling them how to pay people point to taxes as a possible answer. "I wish income was more equitable," the head of a big financial institution told me recently. "I have no problem with paying 50% taxes or more. But government meddling with compensation practices is a bad idea." Yes, raising tax rates would bring negative consequences...
...naysayers! - as a practical matter, it also requires a profound humility, since the amateur must throw himself into situations where he's uncertain and even ignorant, and therefore obliged to figure out new ways of seeing problems and fresh ways of solving them. At this particular American inflection point, after the crash and before the rebuild, frankly admitting that we aren't absolutely certain how to proceed is liberating, and crucial. I like paradoxes, which is why, even though I'm not particularly religious, Zen Buddhism has always appealed to me. Take the paradoxical state that Buddhists seek to achieve...
...Critics of the Indian police system point out that the force continues to operate on the basis of the Police Act of 1861, which India's British colonial rulers had modeled after the Royal Irish Constabulary - a security force they had deployed to subdue a restive population. "[After] independence, the style never changed, the subject-ruler relation has endured," says Sanjay Patil, program officer with the Commonwealth Human Rights Initiative (CHRI), whose book Feudal Forces: Reform Delayed - Moving from Force to Service in South Asian Policing is due to be released next week. The book holds the political culture...