Word: streets
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...didn't already feel like a financial ingenue in the wake of last year's Wall Street meltdown and Bernie Madoff's massive Ponzi scheme, maybe the government's latest insider-trading case will help put you over the top. Federal prosecutors have charged six people with conspiracy and securities fraud in a series of insider trades that allegedly netted more than $25 million in illegal profits. The defendants include higher-ups at two hedge funds as well as executives at Intel, IBM and the consulting firm McKinsey. Rajaratnam was arrested with the others on Oct. 16, but he promptly...
...case is sending ripples throughout the world of hedge funds, a stratum of high finance that has thus far been largely untouched by the post-meltdown regulatory scrutiny and populist outrage directed at mainstream banks. "This case should be a wake-up call for Wall Street," U.S. Attorney Preet Bharara said in announcing the charges. Indeed. While many hedge funds wouldn't know what to do with inside information if they tripped over it - the strategy at quantitatively oriented shops often fixates on building better computer models - plenty of others ply their trade by working the phones and calling...
...when I grew up. Many Mennonites wear old-fashioned hats, aprons and so on. But those tend to be the group called the Old Mennonites. I grew up among the Mennonite Brethren, and they just wore conservative clothes that you wouldn't necessarily stop and stare at on the street. Back then I wasn't allowed to wear jeans. My mom felt that skirts gave more glory...
Apparently, snowplows and street salt just won’t cut it. Moscow’s mayor Yury Luzhkov is bringing out the big guns when it comes to fighting snow this year in Russia’s blizzard-prone capital. According an article in Time Magazine, Luzkhov’s new initiative–ringing in at just a few million dollars–will have the Russian Air Force spraying snow-bearing clouds with a fine chemical mist that will force clouds to dump out their wintry precipitation before reaching the city’s borders...
Rodriguez-Pastor initially followed the path of South America's educated élite and worked in New York City, at Citibank and on Wall Street. After his father died in 1995, he went home to Interbank...