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Creating the illusion of fantastic success, of course, is Chapter 1 in the Scammer's Handbook. But many among the most egregious alleged billionaire bamboozlers, like R. Allen Stanford and Bernie Madoff, are taking the art of thievery to the next level. Some don't even bother opening an investor account when new monies come in; they just go shopping. It's enough to make Gordon ("Greed is good") Gecko blush. (See 25 people to blame for the financial crisis...
What's more, IndyMac is only one of four financial firms to have effectively been nationalized during the current financial crisis. Among that group, which also includes Fannie Mae, Freddie Mac and AIG, only IndyMac has been returned to private ownership. The others seem a long way off from a similar outcome, if at all. Critics of nationalization say taking over and resolving the issues at a bank like Citigroup, which has hundreds of thousands of employees and businesses spread around the world, would be a much more difficult task than turning around IndyMac, which is a relatively small bank...
...good thing about a census like this one is that even a few sightings can tell you a lot. Spot a handful of Earth-like planets among 100,000 stars, then factor up to 70 sextillion, and you've got whole lot of warm, cozy worlds potentially cooking up a whole lot of life. On one of those worlds, someone may even be looking back as our own planet passes in front of the porch light...
...stem cell biology. “SCRB was the first one to be established, which was logical given that the Harvard Stem Cell Institute had been an incredible success,” Colen said in an interview. “And it continues to be, in establishing collaboration among researchers across the University and its affiliated hospitals.”The Stem Cell Institute, which has collected tens of millions of dollars in funding over the past five years, was founded in 2004 at the urging of prominent researchers including Professors Douglas A. Melton and David T. Scadden. Neither scientist...
Europeans were among the loudest cheerleaders for Barack Obama during his presidential campaign. Soon after he won the Democratic candidacy, 200,000 people turned out in Berlin to hear him speak. But now that he is settled in the White House, many Europeans feel snubbed...