Word: remains
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...triggered by her sale of $228,000 in shares of biomedical firm ImClone Systems, the day before its value plunged 15%. Thanks to a 1997 Supreme Court ruling, even those who lack a connection to a company cannot trade on inside information if they know it is meant to remain confidential. (ImClone was run by Stewart's friend, Sam Waksal.) Ultimately, Stewart was not convicted of insider trading, but of lying to authorities and obstructing justice during the investigation. (Read "How Washington's Bailout Will Boost Wall Street Bonuses...
...Mark Gill, who served as president of Warner Independent Pictures and Miramax/LA and is now CEO of the indie-film production and financing company the Film Department, estimates that of the 38 indie-film financing firms - the so-called front end - that existed in 2007, only 11 remain. And they are mostly sitting on their hands. While Wall Street investment in independent movies totaled more than $2 billion from 2005 to 2007, according to Deutsche Bank, it has plummeted to practically nothing since then. (See TIME's audio slide show "85 Years of Warner Bros. Movies...
...indie filmmakers; the prices also undercut the economics of American filmmaking, denying investors the sale price needed just to break even. Hope says some sales do happen for less money but they are not true business deals. "The international films can sell for low six figures to what buyers remain here precisely because they are subsidized by their local governments...
...Taras Berezovets, an adviser to Tymoshenko, tells TIME that Yushchenko and the other presidential candidates are using the swine-flu epidemic as an opportunity to attack the Prime Minister. "The media are to blame for the panic. From the beginning, the government has told people to remain calm and follow some simple rules," he says. (See pictures of thermal scanners hunting for swine...
...significant warning. The U.S. has operated as if the elements of a peace deal on the Palestinian side - with a pliant leadership that is politically dependent on the U.S. and an administrative and security apparatus that is ready to suppress the more radical elements seeking to confront Israel - would remain in place, passively waiting for a better day on the Israeli side. Now, however, Washington has moderated its demands on the Israelis, mindful that there's a line beyond which the Israeli government says it will not go. Abbas' statement on Thursday, stunt or not, is the most public warning...