Word: stockings
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...federal district court jury in Denver deliberated six days before finding Joseph Nacchio, former CEO of Qwest Communications, guilty of 19 counts of insider trading. Nacchio, 57, made millions selling Qwest stock, touting the company's bright prospects even while its fortunes were tanking. Sentencing is set for July. The fallen corporate star could face a decade in prison and millions in fines...
This morass has fueled the stunning ascension of mixed martial arts and the Ultimate Fighting Championship (UFC). Though derided as "human cockfighting," the UFC feeds the video-game bloodlust of young fans and has ripped market share from the sweet science. "If boxing were a stock," says veteran boxing historian and television commentator Bert Sugar, "I'd sell it short...
...promise soon faded. Yeltsin and his team pushed reforms, and the halls of power were filled with M.B.A.s and Harvard types advising on stock markets and political reform. But nothing worked. A rapid-economic-development plan of "shock therapy" delivered shock but no therapy. Russia got more corrupt. It launched a war in Chechnya. It careened from crisis to crisis...
...headlines have, in recent months, popped up with shocking regularity. First it was financial aid officers getting perks from student loan companies. Then top college and federal officials had profited handsomely after receiving stock in companies they monitored or suggested to students. Now everything related to the college loan industry seems suspect, from the loan workshops many students are forced to attend when they graduate—which are often lender-run marketing sessions in disguise—to activities bordering on outright bribery. New York is even suing one university. The rapidly expanding student loan crisis has, in short...
...promise of that moment quickly turned sour. Yeltsin and his team were optimistic about pushing rapid change, and about cooperating with the West. The halls of power were filled with Harvard University types who were advising on stock markets, political reform, defense initiatives. But nothing seemed to work. A rapid economic-development plan of "shock therapy" delivered the shock, but no therapy. Russia got more corrupt. Russians felt more desperate (another enduring image of Yeltsin's Russia: the poor babushkas on the streets desperately trying to sell whatever they could - knives and forks, books, old socks). Russia lost territory...