Word: banking
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...Mayawati's critics, statues and megaprojects are simply evidence of her vanity and opportunities for kickbacks. India's Central Bureau of Investigation has an ongoing investigation into Mayawati's "disproportionate assets." Mayawati herself has filed papers with election officials indicating she owns 72 properties and has 54 bank accounts. Those records show Mayawati's wealth increased by more than 30 times over the past four years to $13 million - a fact she puts down to generous supporters who have showered her with gifts of jewelry, art and cash. Her aides say that the gifts are all fully recorded and accounted...
...Bear's Mighty Fall I read with dismay Justin Fox's "The Bear Trap," about the collapse of investment bank Bear Stearns [March 31]. The market crisis is especially unsettling because it is self-inflicted. Over the past two decades, through the crippling process of outsourcing, we have relinquished our leads in manufacturing, engineering and technology. If we lose our status as the world's financial beacon, we will surely inch closer to becoming a nation of two dimensions: a bloated military power that consumes voraciously and produces little. Robert Winkelmann, Amityville, New York...
...Israeli and Arab musicians, many from disputed territories. Its first concert that year was in Weimar, Germany, in the shadow of the Buchenwald concentration camp. Concerts followed each summer across Europe and North America until 2004, when Barenboim made history by taking the orchestra to Ramallah, in the West Bank, where the musicians played under armed guard...
...peace." Funded by $3 million a year in local property taxes and $630,000 in revenue from traffic tickets - plus additional grants from Rome and Brussels - the town has offered financial incentives and improved infrastructure to attract private businesses. The mayor's program lured the town's first local bank and four-star hotel, promoted the uncovering of pre-Roman archaeological treasures, and led to the establishment of scuba and sailing schools. Thanks to local efforts, Amendolara has managed to renovate the historic city center, open a state-of-the-art physiotherapy center, and step up environmental efforts like recycling...
...events that defy political handlers and hit voters in the gut. In March his long-serving secretary, Grainne Carruth, broke down in tears in front of the inquiry investigating Ahern. She had testified that she made no cash deposits on Ahern's behalf, but after she was confronted with bank records proving the opposite, the tribunal chairman asked if she wished to consult a lawyer. She whispered back: "I just want to go home...