Word: westerns
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...certain that the stench of corruption went beyond his own bad behavior, crashing this year's dream finals between the Boston Celtics and Los Angeles Lakers with scandalous accusations. Before Game 3 of that series, he alleged in a court filing that two refs conspired to fix the 2002 Western Conference finals between the Los Angeles Lakers and Sacramento Kings. Donaghy claimed he wasn't the only rogue referee, as he described a corrupt culture in which refs would play tennis with coaches, ask players for autographs, and accept free meals and gifts from coaches and team officials. He said...
...European leaders premier Wen Jiabao called for more global regulation of financial markets, but that's become conventional wisdom pretty much everywhere. "Few among Beijing policymakers are arguing to build more walls between China and the outside world when it comes to trade or financial markets," says one western diplomat who attended the ASEM meeting last week. Officials in Beijing are quick to point out that key policymakers at the Bank of China, the National Development and Reform Commission and the Ministry of Finance are all reform minded. Many hold advanced degrees in economics or business from the U.S. (though...
...Despite the U.S. housing debacle - and the huge losses derivatives linked to bad mortgages have caused across the globe - introducing them to China was high on western banks' wish list. They argue that relatively straightforward derivatives deepen the liquidity of both debt and equity markets, and provide investors with useful hedging vehicles. "The Chinese understand all that," says Nicholas Lardy, an economist at the Peterson Institute for International Economics in Washington. "But the Chinese really want to study how this happened [in the U.S.], what derivative's role was, and how they can avoid it in the future. That...
...keep that from happening, the Palestinian forces will be deployed in the southern and western sides of Hebron, away from direct contact with the settlers. But lately, Jewish extremists have been straying from their gated outposts and attacking Palestinian shepherds and families harvesting the olive groves. "We're not worried," says Gen. Diab Ali, commander of Palestinian security forces in the West Bank. "We are counting on the Israeli army to control the settlers." One senior Israeli officer concurs. "The Palestinians won't be close to the settlements. They'll be confronting Hamas, and this is in our best interests...
Last week, Major General John Kelly, commander of coalition forces in western Iraq, said security along Iraq's borders with Kuwait, Saudi Arabia and Jordan was fairly tight but that the Syrian frontier remained porous. "The Syrian side is, I guess, uncontrolled by their side," Kelly said. "We still have a certain level of foreign-fighter movement." He told Pentagon reporters via teleconference last week, "We're doing much more work along the Syrian border than we've done in the past," adding that Iraqi security and intelligence forces "feel that al-Qaeda operatives and others operate, live pretty openly...