Word: yorke
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...development of the lightbulb sparked the spread of electric power in the U.S. Edison was behind the creation of the first commercial power plant in 1882; New York City had electricity 10 years later. By the late 1930s, the Rural Electrification Administration, one of President Franklin D. Roosevelt's New Deal programs, had delivered electric lighting to nearly every corner of the country. Development on the bulb didn't stop either: researchers have modified Edison and Swan's design further, refining the filament by using tungsten and filling the vacuum with gas, both of which increase the life span...
...July 19, 2007, Google reported earnings that were lower than what analysts had expected, and the tech company's stock price dropped 5% - but Raj Rajaratnam made $9 million. Allegedly, the New York hedge-fund manager had gotten a tip that Google's earnings would be below expectations, so he was prepared with short positions and put options that would become more valuable as the stock price fell. The alleged source of the tip: an employee at an investor-relations firm that helped Google announce its earnings who wanted to be paid for similar informational gems in the future...
...laws ban trading on non-public information; prosecutions are based on legal theories that were developed in earlier court cases. "It's one of those areas where the courts say, 'I know it when I see it,' " says Gerald Lefcourt, a white-collar criminal defense lawyer in New York and past president of the National Association of Criminal Defense Lawyers. (See pictures of the top 10 scared stock traders...
Born on Dec. 25, 1935, in Brooklyn, New York, Barnett was raised in West Hartford, Conn. and graduated magna cum laude from Harvard College, where he was president of the Harvard Crimson for only two months. The College asked him to step down after he was caught sneaking his girlfriend through a tunnel from his dormitory past the 8 p.m. curfew...
...line with the government’s stance on recreational drugs, the State of New York attempted to say no—when it affected its health-care workers. Until a State Supreme Court judge issued a temporary restraining order, it was state policy to require all health-care workers to be vaccinated or risk losing their jobs. Still, the state’s health commissioner believes in the vaccination policy and will appeal the ruling. This mandate was intended not merely for the safety of health workers; it was primarily to ensure the safety of patients. The rationale...