Word: sagas
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There's a new number in the Great Madoff Rip-Off saga, and it's $850 million. That's the estimated amount of liquid assets left from Bernard Madoff's private sandbox of billions, according to Stephan Harbeck, president of the Securities Investors Protection Corp., speaking at Monday's House Financial Services Committee hearing on the $50-billion Madoff scandal...
Indeed, given the twists of the Blagojevich saga, the political winds could change and Burris might actually get the seat. The Senate caucus statement made clear that the Senators had no quarrel with Burris: "We respect his years of public service." If he finds his way to the Senate, Burris can surely carve another accomplishment into his mausoleum...
...watch the Big Three bailout saga unfold in Washington from halfway around the world here in Hong Kong, a phrase comes to mind that used to be commonly heard in Asia: "Too big to fail." There was a time when politicians, bankers and bureaucrats in Asian countries thought that certain large enterprises were simply too important to go bankrupt, no matter how miserable their performance. The resulting unemployment would be unacceptable, the impact on the financial sector and economic growth too great. That, in effect, is the same argument being used today by supporters of a government rescue...
...Congress that forced Richard Nixon from office in the middle of his second term, it was the reporting of Woodward and Bernstein that first stymied the efforts of the President's men to cover up the White House involvement in the crime. (See a photo essay on the saga of Mark Felt a.k.a. Deep Throat...
...Their dispute grew even more bitter after Hussein fired the mayor of Mogadishu and the pair could not agree on new Cabinet appointments. Ethiopian Prime Minister Meles Zenawi, who ordered his troops into Somalia two years ago to prop up the transitional government, called the squabbling a "never-ending saga" that must end. The Council of the European Union declared the same, saying it was time for the transitional government's leaders "to end these conflicts and to concentrate on the real challenges faced by the Somali people, notably peace, stability and reconciliation...