Word: wakes
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Dates: during 2000-2009
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...billion Ponzi scheme allegedly masterminded by former Nasdaq chairman Bernard Madoff punctuated a miserable year for Wall Street in the worst possible way: by underlining, yet again, that savvy market-makers can harness arcane financial instruments as weapons of mass destruction. Left in Madoff's wake are bankrupt investors, mortified regulators and a raft of unnoticed red flags. Madoff's methods previously had been investigated by the SEC, and in 2001, a prescient article raised questions about his inscrutable strategies: "Madoff's investors rave about his performance - even though they don't understand how he does it," wrote Barron...
...purported midnight incursion of Indian air force jets into Pakistani airspace Saturday brought tensions between the two nuclear-armed neighbors to an even higher pitch in the wake of the attacks on India's financial capital of Mumbai that killed 171 last month. Within minutes, the Indian jets were chased back by the Pakistani air force, say Pakistani officials, and retired air force commanders interviewed on Pakistani TV swore to defend their nation. The Pakistani air force claimed that Indian planes intruded as much as 2 miles (4 km) into the country, but the government says it accepted Indian assurances...
...shouldn't come as any surprise that, in the wake of the shocking allegations against Illinois Governor Rod Blagojevich, observers almost immediately evoked the Windy City's rich, colorful history of corruption. But after a couple of days Chicago Mayor Richard M. Daley, the son of the man synonomous with cronyism and backroom Chicago politics, wasn't about to let the comparisons go unchallenged. At a Wednesday press conference, a subdued Daley, who is bidding to land the 2016 Summer Olympics, went out of his way to distance himself and his city from the stain of the burgeoning scandal...
...Russia, a former KGB agent. Having for years been tarred with the accusation of anti-Semitism, he devoted his final energies to a two-volume book about the Jews which would, among other things, demonstrate that he was not anti-Semitic. It mostly did the opposite. When, in the wake of his death, Moscow authorities renamed a street in his honor, its residents—outraged that no one had consulted them and that they’d have to change their addresss on the numerous official forms still demanded by Russian life—tore down the new sign...
...Ahmed debacle has amplified the indignant chorus demanding an overhaul of India's intelligence and security apparatuses in the wake of the Mumbai massacre. But experts say little concrete action has been taken so far. One reason is the scale of the problem: India is a country of 1.1 billion people and is regularly (and increasingly) targeted by terrorists, but its internal security agency, the Intelligence Bureau (IB), has fewer than 3,000 field operatives. Only 400 of these operatives are assigned to counterterrorism operations...