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...Americans were buying into the company. The transaction is now a central element of Bondi's case against the bank; he says it made a loan look like an equity infusion, a charge the bank denies. The refinancing was even more controversial: Sala admitted to skimming off a "commission" via the offshore company he'd set up to handle it. Bank of America says it didn't know that at the time. By mid-2003, such peculiar transactions had become too much for some big investors. When Bank of America was preparing a U.S. "road show" in July...
...Bianchi and Penca deny any wrongdoing.) When the hole grew too large to hide, Tanzi, Tonna and the two auditors allegedly came up with Parmalat's most audacious invention: a bogus milk producer in Singapore that supposedly supplied 300,000 tons of nonexistent milk powder to a Cuban importer via Bonlat, a Cayman Islands subsidiary that held the fake Bank of America account. "What struck and surprises me is the simplicity," says Francesco Greco, the senior magistrate in Milan on the case. "It was almost banal...
World-renowned writers Han Ong, Elif Shafak and M.G. Vassanji gather to read excerpts of their celebrated novels The Disinherited, The Saint of Incipient Insanities, and The In Between World of Vikram Lall. Ong, a Filipino-American, Shafak, from Turkey and Vassanji, from Kenya via Tanzania and Canada, all focus their recent novels on stories of exile and love, and the emotional attachments of one’s culture. No ticket necessary. 6:30 p.m. The Harvard Book Store, 1256 Mass...
This duo is followed by the longest and most intriguing piece, “BTTLS.” The song plays with the creation of mood and space via Neubaten-like organically metallic acoustic-industrial sounds, the violation of this space’s rules through rapidly repeating and panned clicks and cut-and-pasted sounds that pop in and out with no effort to hide their digital artifice or artificiality. Sounds unpredictably enter and exit the space, and an extremely creepy alien groaning/breathing noise pervades the background of the piece’s midsection. In the last third...
Exemplifying that Dems continue to struggle with real numbers, the Gadfly got it wrong. *Ten* Wellesley Women for W polo-clad Bush belles, (who cover tuition via jobs and financial aid), ordered Toscanini’s unique and scrumptious Hot Vanillas—not the “five or six” misreported. And regarding our hasty departure, we exited not in fear of snide remarks from pampered Hahvahdians who live in the lap of luxury in Cambridge. Instead, we were bound to our “Huggy Buggy” schedule. Following many, long days of campaigning...