Word: scheming
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Dates: during 2000-2009
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...Money Tree Ulu Masen received a boost last year when U.S. bank Merrill Lynch pledged to invest $9 million over four years. "That gave the project a lot more certainty," says Dorjee Sun, chairman of Sydney-based firm Carbon Conservation, which is helping Aceh's provincial government devise the scheme. "It showed there was appetite from investment banks to buy these credits." Merrill Lynch calls Ulu Masen "the world's first commercially financed avoided deforestation project." Money has been followed by political muscle: a year later, Arnold Schwarzenegger of California, along with the governors of Wisconsin and Illinois, signed...
...brakes on species extinction. REDD could "fundamentally change conservation [in tropical countries] and provide benefits for mammals at a scale we've never seen before," writes its lead author Oscar Venter. If REDD's champions seem almost religious in their support, it is partly because the scheme appears to contain so many holy grails. Done right, its advocates say, REDD will alleviate poverty, preserve rain forests, protect endangered species and do more to avert catastrophic climate change than grounding jets and banning coal. It also offers a rare partnership between two disparate and often conflicting worlds: capitalism and conservation. With...
...Since then, two auditors of Satyam's accounting firm, PricewaterhouseCoopers (PwC), have been sitting in an Indian jail, accused of abetting the scheme. Narayana, the CBI deputy director general, said there was evidence indicating their involvement but declined to elaborate. Following the release of the CBI report, a PwC spokeswoman declined comment; the accounting firms top India executive in March denied any of its employees were involved in wrongdoing...
Piero Marrazzo was forced to step down as governor of Rome's region, Lazio, on Oct. 27 after an alleged blackmail scheme set off the spiral of embarrassing revelations about his private life. Prosecutors have now opened homicide investigations into the deaths of two people linked to Marrazzo, who was first elected in 2005 after years as host of a popular consumer watchdog talk show on the RAI national TV network. Investigators say Marrazzo is not a suspect in the Nov. 20 arson that killed a Brazilian transgender prostitute known as Brenda, nor the September death of a Rome-based...
...economy on the brink of collapse. We will be sorting through the damage for years. Meanwhile, the living, breathing symbol of this economic sordidness, prisoner No. 61727-054, a.k.a. Bernie Madoff, rots away in a Butner, N.C., jail cell, doing 150 years for orchestrating the biggest Ponzi scheme in the history of humanity...