Word: scandal
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Dates: during 2000-2009
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Phone taps, FBI surveillance, confidential informants - it's the stuff of major mafia investigations and Law & Order reruns. But they're also the tactics used by federal authorities against a slew of dark-suited desk jockeys accused in Wall Street's largest insider-trading scandal in decades. Authorities say billionaire hedge-fund manager Raj Rajaratnam, founder of the Galleon Group, and 19 others illegally used secret information about public companies to inform investments that yielded some $60 million in profits over the past several years. The defendants, who also include traders, lawyers and executives at firms such...
...checkered life history was hotly debated on Catholic blogs and religion websites like Beliefnet.com. Right-wing Catholics lobbied the Boston archdiocese to refuse the Kennedy family a church funeral. Robert Royal of the Faith & Reason Institute called O'Malley's decision to go ahead with the Mass a "grave scandal" on a par with the sexual-abuse crisis...
...questions Besson has suggested for the debates: Should France implement "integration contracts," which would set minimal levels of language and cultural knowledge for citizenship; and should students be required to sing the national anthem "La Marseillaise" at least once a year? (Read "Booing the 'Marseillaise': A French Soccer Scandal...
...tips; one leak about a Google earnings report yielded his firm $8 million in profits in 2007, authorities said. The investigation was the first insider-trading probe to make use of wiretaps and may signal a tougher attitude toward white collar crime in the wake of the Bernard Madoff scandal...
...timing was good. Detroit has endured a period of political upheaval, the most notable case being the departure in disgrace of its previous scandal-plagued mayor, Kwame Kilpatrick. The city also likes to root for its own, so much of Pugh's narrative resonates with a certain segment of this city's electorate. The political newcomer won the primary election last August by more than 10,000 votes, beating the incumbent city council president. "Detroiters are so thirsty for leadership," says Mildred Gaddis, a popular Detroit radio host and one of the most astute observers of the region's politics...