Word: sec
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...Through Aguirre's persistence, the ensuing spat spilled over to Capitol Hill. The Senate Judiciary Committee ended up holding three hearings, and in early August issued - jointly with the Finance Committee - a damning, 108-page report that largely backs up Aguirre's allegations of outside interference in an SEC investigation. In highlighting institutional deference to Wall Street bigwigs, arbitrary personnel practices and a dysfunctional inspector general's office, the report seriously calls into question how effectively the SEC is carrying out its mission of policing U.S. capital markets, especially at a time when new opportunities for insider trading are proliferating...
...From the beginning, Aguirre didn't fit the typical SEC profile. The agency prefers to harvest its lawyers, young and malleable, but Aguirre heard a calling for public service after 28 years of private practice in San Diego. At the age of 61, he enrolled at Georgetown, and spent two years earning a masters in law degree (LL.M.), focusing on securities law. Once he got his chance at the SEC in September of 2004, the rookie was handed a case involving suspicious trading activity possibly based on someone tipping off Pequot Capital Management, Inc., a $7.4 billion Westport, Conn., hedge...
...site office, he tosses me a white hard hat and, leaving me sweating and struggling to keep up, strides briskly toward the base of the Burj Dubai, the soaring skyscraper he's in charge of building. Riding together in a jangling construction elevator, it takes us 3 min. 50 sec. to ascend to the giddy heights of the 104th floor - and the building's reach for the sky won't stop there. At the current rate, says Sang, his laborers - some 4,000 construction workers, mainly from the Indian subcontinent - are adding a new story every three days. At that...
...sport was crying out for a ding-dong contest. In victory, the comments of Alinghi president Ernesto Bertarelli were tinged as much with exhaustion as elation. "It has been much harder than I ever thought it would be," he said after SUI-100 edged out NZL-92 by 1 sec. on July 3 to complete the Swiss defence of the Auld Mug, claimed four years ago off Auckland. "I have learned more about [racing in] the America's Cup over the last 10 days than I'd learned over the last seven years...
...famous 1983 regatta-when Australia ended America's 132-year domination of the Cup-was closer, with John Bertrand's crew recovering from 3-1 down to win 4-3. But the races that year were mostly blowouts, whereas in Valencia the average winning margin was 24 sec.-about half-a-dozen boat lengths. After whitewashes at the previous three Cups, here, at last, was a series to savor. The Kiwis stunned their confident rivals by winning two of the first three races. The remaining battles were fierce and peppered with lead changes, but a slightly superior Alinghi crew proved...