Word: wallful
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...point. In 2008, it emerged that while Elad-sponsored archaeologists were digging near the Western Wall, they found and removed dozens of skeletons from a Muslim graveyard without properly documenting the find, according to Haaretz, an Israeli daily. The skeletons have since gone missing. After a barrage of complaints against the IAA by academics, Palestinians and civil rights groups, the agency's chairman, Professor Benjamin Kedar, conceded in a statement that the IAA is "aware that Elad - an association with a pronounced ideological agenda - has presented the history of the City of David in a biased manner." So far, though...
...Fragile Peace Naturally, archaeology's Jerusalem Syndrome is not limited to a single religion. Many Muslim scholars refuse to believe that a Jewish temple ever existed beneath the Haram al-Sharif, or Temple Mount, even though thousands of Jews flock every day to pray at the Western Wall. The Waqf - Jerusalem's Islamic authority - made Jews furious in 1999 when they built an underground mosque inside the Haram al-Sharif and, according to irate Israeli scholars, gouged out "several hundred" trucks' worth of debris, destroying evidence that might shed light on Judaism's holiest site. "This was politically motivated," fumes...
...Wall Street money manager Jeremy Grantham recently wrote shareholders that he thought the Volcker rule would eliminate conflicts of interest at financial firms. Citigroup's current chief executive Vikram Pandit, too, has said he believes banks need to start curtailing their riskier activities. In November, speaking to business students at Washington University in St. Louis, Mo., Pandit said that unlike with other financial crises, proprietary trading played a much bigger role than underwriting in the recent credit crunch that nearly brought down his firm. "It makes sense to me that you don't take deposits as an institution and turn...
...stock or bonds as easily as investors would like to buy them, the cost of capital will go up," says James Ellman, president of the money-management firm Seacliff Capital. "That hurts companies' ability to expand, buy equipment and create jobs. GDP grows slower." (See pictures of TIME's Wall Street covers...
...problem is that Wall Street and Washington appear to have very different definitions of what is proprietary trading. Goldman and others are defining proprietary trading as the day-to-day money these firms risk in the markets, buying and selling stocks and bonds. Volcker seems to want to limit not just this trading but also the big long-term bets banks make on real estate, mortgages and other securities...