Word: june
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...York City Madoff Loses His Shirt ... and Cuff Links On June 29, a judge sentenced swindler Bernie Madoff to 150 years in prison for perpetrating a $65 billion Ponzi scheme. Meanwhile, federal marshals prepared to seize assets from the disgraced financier and his wife to reimburse victims. While Ruth Madoff will get to keep $2.5 million in cash, the couple handed over everything from a $39,000 Steinway piano to a $25 pair of cuff links...
...Tehran Sore Winner Iran's Guardian Council has officially confirmed the re-election of hard-line President Mahmoud Ahmadinejad, following a recount of some 10% of the ballots cast in the country's disputed June 12 election. Tehran has warned that it won't tolerate further protests; the harsh government crackdown has killed as many as 20 people and caused Iran's worst unrest since the 1979 Islamic revolution. The formal results were met with skepticism abroad. U.S. Secretary of State Hillary Clinton said the U.S. has not decided whether to recognize Ahmadinejad's victory, noting that the protests have...
...Honduras Contested Coup After being spirited from the country in a June 28 coup that sparked protests both for and against his rule in Tegucigalpa, the capital, Honduran President Manuel Zelaya addressed the U.N. General Assembly to argue for his reinstatement. While coup leaders say Zelaya's removal was lawful, the U.N., the Organization of American States and the White House are lobbying for his return and for a peaceful resolution to the crisis...
...Washington Obama to Gays: I Haven't Forgotten You Amid complaints of campaign promises left unfulfilled, President Obama invited hundreds of gay and lesbian leaders to the White House on June 29 to assure them that their concerns remain a priority. Activists have voiced frustration that Obama has not overturned the military's "Don't ask, don't tell" policy or done more to repeal the Defense of Marriage Act. One participant said the event bought Obama more time, "but he'll have to deliver...
...although outside forecasters don't quite buy it. Let's call these three countries the BICs. BRIC - for Brazil, Russia, India, China - is the better-known acronym, coined in 2001 by Goldman Sachs chief economist Jim O'Neill as shorthand for the globe's emerging economic giants. In mid-June, leaders of the four BRICs even held their first summit meeting. But Russia, a resource-rich land with an otherwise feeble economy and a shrinking population, is in a different boat from its BRIC brethren. It's having a horrible year, with the World Bank predicting that its GDP will...