Word: sixes
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...long-awaited report from the inspector general at the Securities and Exchange Commission concluded that the SEC received six "substantive" complaints from June 1992 to December 2008 that could have uncovered disgraced financier Bernie Madoff's Ponzi scheme as early as 1992 if it had "properly examined or investigated" Madoff's trading practices...
...report said at least six complaints raised questions about Madoff's trading practices, with some even suggesting a Ponzi scheme was involved. They questioned "Madoff's incredible and highly unusual fills for equity trades, his misrepresentation of his options trading and his unusually consistent, non-volatile returns over several years," as well as how Madoff's alleged strategy and purported returns could not be duplicated by anyone else and had "no correlation to the overall equity markets in over 10 years." One tipster even nudged the SEC that "it may be of interest to you that Mr. Madoff keeps...
...climate change has been virtually settled by decades of scientific work, the details of what exactly will happen in a warmer world are still fuzzy - and the climate devil will be in those details. Yet new updates on climate science come out only intermittently - the IPCC goes five or six years between releasing its massive assessments. That's far too infrequent for policymakers - especially as the world attempts to draft a successor to the Kyoto Protocol at the upcoming Copenhagen climate summit in December. "We all collectively have to share information about climate change in a way that will better...
...Ecuador. A key drug-trafficking corridor, Nariño is home to thousands of acres of coca being fought over by rebels and newly formed militias. In February, guerrillas massacred 17 Awa Indians, provoking hundreds to abandon their homes. On Wednesday, masked gunmen killed 12 more Awa, including a six-month old baby, and officials fear another exodus. "In Nariño, as in many parts of Colombia, the conflict rages on and abuses are rampant," says José Miguel Vivanco, Americas Director at Human Rights Watch. "Instead of pretending the conflict doesn't exist, the national government needs...
...question on investors' minds is whether the recovery is for real. While China's GDP growth was better than expected, at 7.1% year on year in the six months to June, part of that expansion was fueled by an astounding 201% increase in bank lending. The central bank started tightening in July, when new loans totaled just $52 billion - down sharply from $224 billion in June. The August number may come in at an even lower $36 billion...