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...such investor swindles. Current low interest rates are making matters worse, Minkow says, because retirees on fixed incomes are more vulnerable to shysters who promise higher rates of return. At the same time, the national run-up in real estate prices gives many people a way to tap extra cash, often through second mortgages. "When the value of your house goes way up, you can access that money at the behest of scam artists," he says, "and many of them will suggest you do exactly that...
Minkow knows how to play that gig. He went undercover after getting a call from a prospective investor in a pair of Southern California investment schemes and, posing as someone with extra cash to commit, found enough evidence to allow the Securities and Exchange Commission to shutter the firms in November. They allegedly had conned nearly $26 million from more than 1,200 people, largely by targeting church-affiliated African Americans. In 2003 he managed to shut down another scheme, a California operation that targeted retirement funds worth $813 million. "Barry has a lot of insight into the many ways...
...Summers for his purely academic remarks, draws unfair implications from the speech. Far from implying that women should stop pursuing prestigious academic positions, the possibility that women are on average better than men at some disciplines and worse at others may help explain why Harvard needs to put forth extra effort to encourage women interested in science and to hire women as science professors. This is not an excuse for the low representation of women on the faculty. Quite the contrary. Furthermore, the possibility that the innate differences hypothesis is valid opens up more avenues for research into...
...Boston Police Department also positioned extra officers, trained to pinpoint and respond to radiological detonation, in the downtown area yesterday...
...ressembles ?? un sac de patates[You look like a sack of potatoes]," he told her flatly. Crushed, Guiliano, then 19, knew exactly what he was talking about. Living la vie am??ricaine, full of brownies and chocolate-chip cookies, had won her an American figure, padded with an extra 20 lbs. A return to the Continent and French habits quickly cured the problem...