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Just before leaving office in January 1993, Bush pardoned Cox's son Edwin L. Cox Jr. The scion of one of Texas' richest families, Cox Jr. had pleaded guilty in 1988 to bank fraud by falsifying collateral on $78 million in loans. He quit as director of a Dallas bank, spent six months in prison and paid $250,000 in fines. (Those who have served their time often seek pardons because felony convictions prevent them from obtaining professional licenses and voting...
...painting's recent history is an apt parable of Russia's post-Soviet decade. In the early 1990s, seeking to burnish their image, the country's richest bankers turned to collecting art. "We encouraged them," says Georgi Nikich, a Moscow art critic who participated in Inkombank's acquisition of the Black Square. "Naively, we thought the works would be safer in their hands." Nikich recalls how he heard of this Black Square when he was running one of Moscow's first commercial art fairs. "A woman called up from Samara, claiming to have a Malevich. Of course, we all laughed...
...Foreign governments and private institutions, suspicious of the spendthrift habits, mammoth bank accounts and princely villas that have become trademarks of nouveau riche Russians abroad, are beginning to close their doors and their borders to some of the richest. And many powerful Russian tycoons must think twice before boarding an outbound flight lest they share the fate of Pavel Borodin, the erstwhile Kremlin property manager and multimillionaire who was arrested last month in New York on an extradition request from Switzerland alleging involvement in money laundering...
...ethical conundrums? If we know which genes lead to eye color, will we choose our children's appearance? Will insurance companies deny coverage to those with a genetic flaw? If we're capable of eliminating the genetic malfunctions that cause cystic fibrosis, for example, but only the richest among us can afford the procedure, are we paving the way for genetic bigotry, or worse, for a "master race" mentality...
...speaking the bottom-line language of Arbitron ratings and floating the idea of raking in millions by selling a station. They literally changed the locks and barred several employees from the building at WBAI last month, after doing the same thing two years ago at KPFA. The irony is richest at WBAI, where the program director and others were fired without warning on Dec. 22 in "the Christmas coup." So much for "Democracy...