Word: spent
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...Still reeling from the scandal, bank executives spent the weekend scrambling to explain themselves to reporters and bracing themselves for what they are likely to face during the coming days: A bruising reckoning with top government officials. Bank of France governor Christian Noyer has been summoned to appear at a Wednesday crisis hearing in the Senate. And officials for President Nicolas Sarkozy were quoted in French and British newspapers saying that the French leader was enraged that Société Générale executives had waited at least three days before telling him that they'd uncovered...
...bank's entire worth by around $25 billion. Instantly, this evoked comparisons in the media with another lone rogue, Nick Leeson, whose fictitious trades in Singapore lost $1.4 billion for Barings Bank in 1995, wiping out the bank's cash reserves. Leeson was arrested after an international manhunt, and spent more than three years in a Singapore jail. By contrast, Société Générale executives simply suspended Kerviel - perhaps to avoid panic selling. Executives then quietly unwound his disastrous transactions on the financial markets over the course of three days - so helping to send markets...
...Florida's Republican Governor, Charlie Crist, who has spent his first year in office building bridges with Democrats, told TIME the DNC decision "just doesn't make any sense. Why would you thwart your eventual nominee's opportunity for any campaign activity, especially in a large state like Florida and especially when you're talking about electing the next leader of the free world? It doesn't send voters a very good message." Since Florida is such a bellwether for the nation as a whole, former Florida G.O.P. chairman Al Cardenas calls it "great news" for Republicans...
...spent my life doing what you are doing, working in the real economy," he told the ValPak workers in Largo. "I understand something about jobs because I had jobs." Behind him hung a bunch of messages on signs that he debuted after his first loss in Iowa: "Economic Turnaround" said one. "Washington Is Broken," said another...
...apparent mental instability. Some are quick to place the blame on chess itself for his decline, which would be a foolish blunder. Pushing too hard in any endeavor brings great risk. I prefer to remember his global achievements instead of his inner tragedies. It is with justice that Fischer spent his final days in Iceland, the place of his greatest triumph. There he was always loved and seen in the best possible way: as a chess player...