Word: shorted
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...Madoff's lawyer, Ira Sorkin, had asked for only a 12-year sentence for his client, noting that Madoff's advanced age meant he has a life expectancy of only another 13 years. "A prison term of 12 years - just short of an effective life sentence - will sufficiently address the goals of deterrence, protecting the public and promoting respect for the law," wrote Sorkin in a letter to the judge last week. He said his client was seeking "neither mercy nor sympathy" and recognized the "anger and resentment" in the victims' impact statements, but felt they were looking...
...first-person account of the Fiat turnaround published in Harvard Business Review, he talked about how he had abandoned the "Great Man model of leadership" that long characterized the Italian firm. Fiat's Great Man was the late Gianni Agnelli, grandson of founder Giovanni, whose family was nothing short of Italian industrial royalty and still controls the firm...
...either sublime or ridiculous that one of the most important tools available to Iranians protesting the June 12 presidential election is Twitter. A service that broadcasts short (140 characters or less) missives, or tweets, over the Web or via text message, Twitter is basically a toy for flirting and telling people what your cat is doing. But in one of the Internet's great Velveteen Rabbit moments, the toy has become real...
...White House today, German Chancellor Angela Merkel said that the bill represented a "sea change" for the U.S., so long a world pariah on climate change. "I would not have thought it possible a year ago," she added. But the bill's emissions cuts still fall far short of what the European Union has proposed, and are even further away from the massive short-term cuts major developing countries have demanded. "In terms of what the U.S. will take on as a target, one year doesn't make up for the last eight years, so we'll have to wait...
...Appalachian Trail attracts thousands of hikers each year, most of whom traverse small sections of the trail on short day trips. A hardier band of explorers shoot for the big enchilada: hiking the entire length of the trail, some 5 million footsteps. Each year about 500 "thru-hikers" or "2,000-milers" complete the grueling trek; the A.T. foils about 80% of those who try. The total number of reported "thru-hikes" hit 10,000 in 2008. Traveling the length of the trail takes between five and seven months; most people start at the southern end and head north. Campgrounds...