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...unexpected guilty plea without a plea deal, the multiple counts - which include mail fraud, wire fraud, securities fraud and money laundering, among others - and the potential prison term were revealed at what was supposed to be a minor hearing about a potential conflict of interest between Madoff and Sorkin. The lawyer and his father, now deceased, once invested with Madoff. The judge waived the conflict. (See 25 people to blame for the financial crisis...
...build a new factory. In a recession, those kinds of events are commonplace. It probably never crosses the mind of the average citizen that the ability of the U.S. government to borrow money for deficits, bailouts, mortgage-assistance programs, and refurbishing the monuments in Washington is not limitless. The term infinite may apply to the cosmos but it does not apply to the debt carried by the U.S. Treasury...
...before attaining the rank of general. The fellows’ role at the Kennedy School consists of taking classes as well as working in small teams of about five or six to produce a research paper concerning an aspect of United States foreign policy. Current projects examine the long-term role of Pakistan in the War on Terror and the evolving dynamic between China, Japan and the US in the 21st century...
Besides, Limbaugh plays a valuable role within conservatism. His show, like Fox News, is not as high-flown as conservative intellectual journals such as the New Criterion and First Things. But those publications have small circulations. Their influence is long-term and indirect. Conservatism needs mass media too, to affect day-to-day politics: jam phone lines and pull the national conversation rightward. It needs Limbaugh and the many like-minded talkers elsewhere on the airwaves. Doubtless they could do their jobs better, as could the conservative writers who scorn them. But if Limbaugh did not exist, conservatives would have...
...eastern European gastronomic culture, and the premium attached to anything produced by artisanal methods, have been very good news for Tokaj (or Tokay) - the enormously sweet, complex wine produced only in Hungary's northeastern Tokaji region. Made from individually picked grapes that have shriveled and botrytized - a oenological term for the "noble rot" mold infection that intensely concentrates the fruit's sugars - Tokaj suffered from cost-cutting production methods during Hungary's communist era, but fresh investment (some of it foreign) is rectifying the situation. (See 10 things to do in Moscow...