Word: trader
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...trader came to the village. He spoke of riches beyond a poor farming family's dreams: $2,000 now and more to follow when Pim sent money home from Thailand. Her mother told her she would be working as a mae bai, a maid. Pim, who had no reason to doubt her, found herself being packed off. The trader, keen to make a trip so far up-country pay, had hired a minivan: Pim describes how her first day in captivity was spent driving from village to village as the man picked up a total of 12 girls. Bribing...
...space with self-help manuals and guides to getting into American M.B.A. programs. Selling the holy book is perfectly legal in China, certainly more legitimate than the peddling of skin magazines. (Look under the stack of computer journals.) So when Lai Kwong-keung, a 38-year-old Hong Kong trader, was indicted last month in Fujian province for bringing 33,000 Bibles into China, his mainland-born wife was puzzled. "How can you arrest someone," she asks, "for bringing in books that are available all over China...
...discussed the questionable Enron accounting very early in the game--in a conference call last Feb. 5. Enron was no longer a problem that Andersen's Houston office had kept to itself. Nor were the top Andersen officials worrying about the actions of some low-level, rogue Enron trader back on Feb. 5. What concerned the auditors that morning was how to account for losses piling up in an off-the-books partnership between the company and a firm called LJM. The manager of LJM was none other than Enron's chief financial officer, Fastow. Putting aside the Texas-size...
...There are two (equally frustrating) discrepancies at issue here: One, the fact that some survivors of the September 11th attacks stand to collect hundreds of times what others will receive. Why is the life of a young bond trader worth $3.5 million while the life of a secretary is worth just $300,000? "I cannot make those distinctions and I will not make those distinctions," says Kenneth Feinberg, the man with the unenviable task of divvying up the Victim Compensation Fund. "Every life is valuable. I will not play Solomon." Luckily, he doesn't have to - there is nothing Solomonic...
Such was the case for Tom Padgett, a lab technician at a subsidiary of energy-trader Enron. As Enron's high-flying stock dived from $90 to less than $1, his account balance fell from $650,000 to $11,000. Last week two Democratic Senators, Barbara Boxer of California and Jon Corzine of New Jersey, introduced a bill to limit 401(k) assets to no more than 20% in a single stock. Many plans have more than 50% in one stock; some, more than 80%. Workers everywhere are on notice that the risks are great for anyone with one large...