Word: resorts
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...bank - his "superiors," in other words - had nary a clue, because young Nick had for a time devised a way to hide his trades from them. More than $1 billion in the hole, and with no hope of digging his way out, he skipped off to a Malaysia beach resort with his wife to sip umbrella drinks for a few days before their world caved in. A week later Britain's oldest merchant bank, which had helped finance the Napoleonic wars and the Louisiana Purchase, was done. Leeson was sentenced to 6 1/2 years - though he served just...
With many of the world's economic movers, shakers and interpreters gathering in the Swiss mountain resort of Davos just as markets from Mumbai to Madrid were freaking out, there was no shortage of explanations as to why. The short answer: U.S. consumers, who have been increasing their spending without pause since all the way back in 1991, are tapped out. They Scrooged their way through the holidays--retail sales were the weakest in five years--and employers started to get nervous. They've dialed down their hiring, sending unemployment inching up 0.3% in December. It might not sound like...
Neither rain, nor snow nor sleet from a huge storm the night before could dampen the militancy of the aging all-stars of 60 years of Arab conflict with Israel gathered at a trade union resort hotel outside Damascus on Wednesday. It was the biggest gathering of radical Palestinian factions since the signing of the Oslo Peace Accord in 1993, with Hamas, Islamic Jihad and Popular Front for the Liberation of Palestine-General Command attending along with the Lebanese Hizballah organization - an all-star cast of organizations branded as terrorist...
...With many of the world's economic movers, shakers and interpreters gathering in the Swiss mountain resort of Davos just as markets from Mumbai to Madrid were freaking out, there was no shortage of explanations as to why. The short answer: U.S. consumers, who have been increasing their spending without pause since all the way back in 1991, are tapped out. They Scrooged their way through the holidays - retail sales were the weakest in five years - and employers started to get nervous. They've dialed down their hiring, sending unemployment inching up 0.3% in December. It might not sound like...
...this gets us to the dark side of romance. Threats, no less than promises, must be backed up by signs of commitment. A desperate lover in danger of being abandoned may resort to threatening his wife or girlfriend (yes, his; it's usually a man). The best way to prevent her from calling his bluff is in fact not to bluff--to be the kind of hothead who is crazy enough to do it. Of course, if he does make good on the threat, everyone loses (which is why the judicial system must make good on its threat to punish...