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Word: scheme (lookup in dictionary) (lookup stats)
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...that evolution, financial trading began spanning borders and generating previously unimaginable transactions through highly-leveraged and complex derivatives - all within a virtually unregulated atmosphere that national governments couldn't manage to police. Sarkozy and his European partners hope that the Nov. 15 summit can come up with a scheme of common rules governing global finance - with the IMF possibly acting as the world regulator. Not everyone is optimistic that will happen...

Author: /time Magazine | Title: Muted Hopes for Global Finance Summit | 10/23/2008 | See Source »

Both Afghan police and Western observers describe a kind of pyramid scheme of corruption that goes to the top of the Afghan government. "It's like a feudal system," says Captain David Panian, a U.S. reservist now training Afghan Police in Western Afghanistan. "The baron pays the count, the count pays the duke, the duke pays the king. So if you are Joe Chief of Bala Beluk, in order to maintain your job you have to give X amount to the provincial guy, and he has got to give it to the regional...

Author: /time Magazine | Title: Policing Afghanistan | 10/21/2008 | See Source »

...loans default? What will happen to banks and other financial institutions? Or was it only greed that made everybody ignore that what is happening now could ever happen. Did no one take into account that thousand of families would have their lives turned upside down - virtually overnight - if this scheme went wrong?" Frederik Steenbuch, OSLO

Author: /time Magazine | Title: Heroes of the Planet | 10/15/2008 | See Source »

...refused to adopt the euro during his 10-year tenure as Chancellor of the Exchequer. With marked success, his Treasury successor, Alistair Darling, has promoted the patented Brown rescue plan to the IMF, the G-7 and the G-20. Even U.S. Treasury Secretary Henry Paulson has recalibrated his scheme along Brownian lines...

Author: /time Magazine | Title: Flash Gordon Brown | 10/15/2008 | See Source »

Three-term Florida Congressman Tom Feeney has not been criminally charged in the Washington corruption scheme that sent super-lobbyist Jack Abramoff to federal prison. But the taint of the Republican's 2003 golf trip to Scotland on Abramoff's dime is derailing his re-election campaign...

Author: /time Magazine | Title: A Florida Republican Tries to Survive Abramoff | 10/15/2008 | See Source »

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