Word: thursdaying
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...system and create his own rogue operation. That revealed a crucial hole in the bank's security, says Mark Thomas, an analyst with Keefe, Bruyette & Woods in London. "The single most important factor [in security] is that the risk-control function is independent of traders," Thomas told TIME on Thursday. "You would typically put extra supervision on that person for a couple of years." Said ABN Amro's Lakhani: "This was management's biggest nightmare...
Christopher Walken and Charlize Theron were announced as the Hasty Pudding Theatricals' Man and Woman of the Year Thursday, joining Hollywood luminaries like Scarlett Johansson and Richard Gere, Katharine Hepburn and Mel Gibson—though not Paris Hilton...
...Bill Clinton, Obama does have sharp elbows. One of her more pointed remarks is about how "things have gotten continually worse over my lifetime," implying the Clinton era did little to help "regular folks" like her and her family. And in a forcefully worded fund-raising letter sent out Thursday, she says, "What we didn't expect, at least not from our fellow Democrats, are the win-at-all-costs tactics we've seen recently. We didn't expect misleading accusations that willfully distort Barack's record... We've seen disingenuous attacks and smear tactics turn people off from...
...required to say out loud whether he or she wanted the center-left government of Prime Minister Romano Prodi to stand or fall. It was the final evening act in a day's worth of high and low drama in the ornate chambers of the Italian Senate on Thursday. There were bombastic speeches by party members defying their leaders' orders on which way to vote. Former Justice Minister Clemente Mastella, who'd brought on the government crisis by yanking his support from Prodi, choked up as he recited a Pablo Neruda poem. One lawmaker was accused of spitting at another...
...coalition following a magistrate's filing of influence-peddling charges against him and his local politician wife. Most expected Prodi to promptly submit his resignation, but the sometimes stubborn 68-year-old former European Union president challenged his fellow lawmakers to the individual oral vote on Thursday. After the vote, Prodi submitted his resignation to President of the Republic Giorgio Napolitano, who now has the task of either searching for Parliamentary support for a bipartisan caretaker government or calling snap elections. Berlusconi, his eyes on a chance to return to the Prime Minister's office, has demanded an immediate election...