Word: regularizes
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...surprise fourth quarter losses at Merrill, there are also some indications that Bank of America officials were kept in the loop. A chain of e-mails reviewed by TIME.com shows that Merrill employees were giving Bank of America executives regular updates about the deteriorating profits at the investment bank. In a response to a Dec. 3 e-mail detailing nearly $1 billion in additional Merrill trading losses, Neil Cotty, B of A's chief accounting officer, responded, "BTW ... thank you for this ... they did ask ..." Importantly, none of the e-mails say the information on Merrill's losses was needed...
...case against Bank of America - the one that was settled, but could now be revived - involves lying on a proxy statement. The good news for Lewis is that proxy fraud generally has lower penalties than regular securities fraud. The bad news is that the bar for proving that one lied on a proxy statement is much lower than for general securities fraud. In proxy fraud, the prosecution just has to prove that Lewis was negligent in not including certain information. The SEC does not have to prove, as is the case in regular securities fraud, that Lewis orchestrated a scheme...
...straight—these are unheard-of statistics—conference player of the year award…I’ve never heard of anything like that at any level.”As for Brown, it lost its star quarterback Michael Dougherty, but retains 10 of its regular starters, including six All-Ivy players—among them the feared wide receiver duo of Buddy Farnham and Bobby Sewall.“Brown’s good every year,” Murphy says. “They’re returning the nucleus of their football team...
Instead, the site focuses on presentation, eliminating a lot of the noise on the sides of the screen and cranking up the font like those large print versions of books that your grandparents like. To reduce clutter, Facebook Lite erases many redundancies: For example, in regular Facebook, you can find your upcoming events on your home page, on your profile, and on the ever-present toolbar at the bottom of the browser. Get an invitation? Now there's an additional link to that on your home page. In Facebook Lite, there's just one big events button...
...said, "Let me tell you something. I believe that if it were up to you or me, just regular schmoes in America, the Freedom Tower would have been done years ago. And it wouldn't have been the Freedom Tower; it would have been the Freedom Towers - because we would've built both of these towers back the way they were before! Except we would've built them stronger! We would've built them in a way that they would've resisted attack. And you know what? My guess is they would've been 25 stories taller, with...