Word: scheme
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...family was forced to sell their home after being wiped out in Madoff's scam, spoke with TIME about the origins of the affair, how her family has reacted to the book and what may have motivated Madoff to put together what's considered to be the largest Ponzi scheme of all time. (See pictures of the demise of Bernard Madoff...
...made money. This was in preparation for a discussion called the Future of the Stock Market that I was moderating; Madoff was a participant. (It's a big hit on YouTube - just Google "Madoff video.") Sadly, he didn't happen to mention the now infamous Ponzi scheme he was running two floors below us. At issue was his legit business, a brokerage that had long been one of the biggest marketmakers (the firms responsible for keeping trading going) on the Nasdaq exchange...
...plus a cap-and-trade regime that would accelerate private-sector advances by putting a price on carbon. The overall goal is to reduce emissions as well as U.S. dependence on foreign petro-thugs and a pesky vulnerability to volatile gas prices. To Republican critics, it's a radical scheme to destroy jobs and raid wallets, cooked up by élitists like Chu, who was once quoted calling U.S. gas prices too low. But Obama's message is that saving the planet makes economic sense. "We're trying to communicate that climate change is very, very serious...
...Minister Manmohan Singh promised to postpone the date for repayment of farmers' bank loans and to give breaks on interest payments for short term crop loans. This comes on top of last year's $14 billion farm loan waiver program, price supports for agricultural products and an ambitious jobs scheme, which guarantees 100 days of work to the poor in rural areas. "There's only so much that any government can do," says Indranil Sengupta, an economist at Bank of America/Merrill Lynch. "When you look at the scale of human suffering, whatever you do will look inadequate...
...fortunes" to their adopted brood as proof of their charitable side. But even that admirable domestic picture has come under scrutiny in the murder's wake: Billings, who was arrested in 1989 for adoption fraud, tried earlier this decade to copyright his adopted children's names in a bizarre scheme to extract money from Florida's Department of Children & Family Services. He had also recently thrown two of his teen-aged children out of the house because he didn't like the people they were dating...