Word: wakes
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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...
...difference between then and now is that these cities are growing, which means more and more people will be living in seismological danger zones. The key to minimizing damage is to prepare for the inevitable. "The Loma Prieta quake was really a wake-up call for this region," says David Schwartz, a USGS geologist and the co-chair of the San Francisco Bay Area Earthquake Alliance. "But we still have a lot to do." (See pictures of Indonesia's devastating earthquake...
...night in late April 1990, Robert C. Guillemin, at the request of Senator John F. Kerry, drove a 5,000-gallon golf course watering-truck down Storrow Drive; left in its wake were swaths of green paint and 19 scurrying art students to spread them across the road. The next day, droves of Bostonians, armed with sidewalk chalk, stepped out onto the highway and began filling the new “meadow” with drawings of birds, butterflies, and rabbits. Orchestrated by the then-brand new non-profit arts organization Art Street, Incorporated, this Earth Day celebration was founder...
...have the opportunity to work with members Fierce Pussy, an artist collective who were heavily involved in the movement and whose work will be featured in the exhibition, sponsored by the Women’s Center of Harvard College. “They did action art in order to wake up the culture and the society at the time to the AIDS crisis and to other issues related to AIDS including gender identity, construction, and explorations of how art, gender and sexuality intersect,” says Susan Marine, director of the Women’s Center of Harvard College...