Word: riche
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...fact that a nation such as Britain is required to answer to its peers over a specific case highlights the prominence of the fight against corruption. The o.e.c.d.'s 30 rich country members signed an antibribery convention in 1997 after years of difficult negotiation and several failed attempts by others to construct something similar. That 1997 convention - under which signatories pledge themselves to outlaw bribery of foreign public officials in international business - has since become the cornerstone of international antibribery policy; six non-o.e.c.d. members, including Brazil and Argentina , have also signed...
...giving business a bad name the world over. The U.S. tried to outlaw the habit with its Foreign Corrupt Practices Act of 1977, which makes it unlawful for any American firm to make a corrupt payment to a foreign official. But that was long the exception; many other rich countries simply turned a blind eye. In Germany and Luxembourg , bribes used to be tax deductible. In many countries, and for many firms, bribes were just the way things were done...
...late, opinion on corruption has changed, as campaigners such as rock star Bono, joined by businesses and governments, have argued that corruption is a key cause of Africa 's underdevelopment and makes a mockery of international competition for contracts. In part, that is because business leaders in the old rich countries fear new competition. At a conference on business corruption in Paris last December, executives from France - no strangers to business-ethics scandals themselves - complained that they were losing out in Africa to Chinese firms that were less legally and morally encumbered...
Twitch athletes like Fatal1ty are trying to make a claim on sports programming and its rich merchandising spin-offs. There's already a built-in audience, and it's global. In 2006, combined sales of video and PC games hit $13.5 billion, a record for the industry and more than $4.5 billion above Hollywood's total box-office receipts. Competitive gaming is currently insignificant in that universe, with sales between $15 million and $20 million, according to industry consulting firm Parks Associates. But big players are entering the market. In January, DirecTV announced the formation of its own Championship Gaming...
...price discrepancies between securities that should have been trading in tandem. Then he borrowed tons of money to bet that these discrepancies would disappear. Such strategies were off-limits to mutual funds, but Thorp's Princeton Newport Partners was a hedge fund--an unregulated investment partnership catering to the rich...