Word: stockings
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...weeks, as the stock market cratered and some private Russian banks wobbled, the official Kremlin line was: "This is primarily an American issue." Finally, on Nov. 20, Putin admitted that Russia, too, was in trouble. Announcing a $20 billion economic-stimulus package and an increase in unemployment benefits, he said Russians were asking "a fair question" when they wondered about what was happening. His answer: "We will do everything, everything in our power ... so that the collapses of the past years should never be repeated in our country." Says Alexander Kliment, a Russia analyst at the Eurasia Group...
...since August is beginning to rival that of the big 1970s and '80s recessions. So while President-elect Barack Obama and others who dub this the worst downturn since the Great Depression don't have definitive evidence just yet, they're not blowing smoke either. (See pictures of the stock market crash...
...including trading state deals for holidays in a Jamaican villa, funding his campaigns with state money, and selling drivers’ licenses. He topped former Governor Otto Kerner, who was convicted in 1973 for 17 counts of corruption, one of which involved trading permission to hold horse races for stock in horseracing companies. Governor Dan Walker also served time in 1987 for bank fraud, although, disappointingly, his conviction did not relate directly to his governorship...
According to a press release from Princeton, the Robertson Foundation, originally established with a $35 million stock donation by Marie Robertson in 1961, was at one time valued over $900 million before the recent economic downturn...
...acquitted, his successor, Otto Kerner, wasn't so lucky. In 1962, during his first term as governor, Kerner - a handsome statesman who had married a former Chicago mayor's daughter - made deals with a horse racing association, promising favorable race dates in return for $356,000 worth of stock at prices far below market value. He neglected to mention anything about it on his tax returns. Kerner was convicted in 1973 of bribery, conspiracy, income tax evasion, mail fraud and perjury and was sentenced to three years in prison. Dan Walker, a veteran of World War II and the Korean...