Word: roach
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Chairman Alan Greenspan and company have chopped the benchmark federal funds rate 11 times this year, to 1.75%. In the last recession, the rate fell only to 3%. "This is unlike anything we've seen in the postwar period," says economist Stephen Roach at Morgan Stanley. Recessions that spring from manic business overbuilding, such as this one, were more common before World War II and proved then to be far more difficult to correct, lasting on average about twice as long as recessions caused by Fed rate hikes, Roach notes...
...Sept. 26 Cincinnati Police Officer Steven Roach was found not guilty of negligent homicide in the shooting of Timothy Thomas, 19, whose death touched off three days of riots in late April. "I still don't know the truth," said Thomas' mother, Angela Leisure. "I still have no satisfaction." Leisure has filed wrongful-death and civil rights suits naming the police and Roach. Scattered violence followed the verdict, and Mayor Charlie Luken imposed a curfew. But the city has largely remained calm...
Calm, but not serene. Roach was one of three white officers recently acquitted of crimes against black men killed in confrontations with Cincinnati cops--outcomes that did nothing to heal the city's racial rifts. "You've got a lot of African Americans who won't give the officers a chance to change, and you have a lot of officers who won't let African Americans change. How do you bridge that gap?" asks Walter White, an African-American resident...
...That Roach, who repaid the money she pilfered, escaped prison seemed unfair to some, given that federal guidelines forbid such clemencies in crimes committed by people under the influence of alcohol and drugs. And how many denizens of our consumer culture can now claim in court that they stole because they couldn't help themselves? "Hundreds, if not thousands," prosecutor Joel Levin argued in court...
...details of Roach's white-collar crime spree--buying a $7,000 belt buckle, spending $30,000 on a London jaunt and missing her flight home in the process, jiggering her expense account and pawning her purchases in an attempt to hide her splurges--might and probably will provide fodder for a made-for-TV movie. And the ending will be, as demanded by the genre, upbeat. The employer Roach cheated paid her $150,000 a year. She now has a similar consulting job with another company and earns...