Word: premieres
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...found guilty on March 6, 2007, of obstructing justice, perjury and lying to investigators. He was sentenced to 30 months in prison and a $250,000 fine, a precipitous fall for a man known as the Vice President's alter ego and formerly a prestigious lawyer at a premier Washington firm. He fought the verdict, his legal bills paid by a defense fund that raised $5 million, but a federal appeals court ruled on July 2, 2007, that Libby had to report to jail...
...global scale. Most notably, China and Hong Kong launched a pilot program this month through which Hong Kong banks can begin settling cross-border trade transactions in yuan for selected Chinese companies. This step will likely increase the use of yuan in Hong Kong, one of the world's premier financial centers. (The program also solidifies Hong Kong's role as China's chief financial hub.) This step follows a series of "swap agreements" concluded with foreign countries that allow their central banks to acquire yuan for use in trade with China. So far this year, the Chinese central bank...
...student UC San Diego, ranked along with Berkeley and UCLA among the world's top 20 research universities, recruitment has been halted. More than 300 UC scientists have issued a white paper warning Schwarzenegger that the sharp reduction endangers the 10-campus system's position as the premier public university in the United States and could have a negative impact on California's future economic growth. According to UC officials, the cut in state funding brings the "amount of state investment in the University down to $2.4 billion - exactly where it was in real dollars a decade ago." During...
...Farrahmania. She was the decade's premier poster girl, with 8 million sold in a year. The number of baby girls named Farrah quickly spiked. A myriad of hairdos went Fawcett-feral. She signed a lucrative deal to front a line of Faberge perfume and accessories. She also furnished the press with aphorisms that might have been recycled from the Marilyn Monroe quote book ("The reason that the all-American boy prefers beauty to brains is that he can see better than he can think"). Some women might shrink from this fame tsunami; Fawcett expertly surfed...
...that administer their leagues is hardly unique to Formula One. In the U.S., the National Basketball Association and the National Football League have clashed with team owners over how to divide the profits from selling the TV rights to their games. The same issue regularly pops up in English Premier League soccer. "There is a continual, not always disastrous, dialogue about the share of the commercial rewards of sporting events," notes Chris Aylett, chief executive of Britain's Motorsport Industry Association. "What's more important? The Super Bowl or the teams playing in it? In that sense...