by Eva Wiland
May 12th, 2009 | Financial news
Tags: Bernie Madoff, ezra merkin, hedge funds, ponzi scheme, us bankruptcy court
Beneficiaries are caught up in Madoff’s shock wave
Hedge fund king Ezra Merkin is unlikely to be the last of the ‘insiders’ or beneficiaries from Bernie Madoff’s Ponzi scheme to face court.
A lawsuit filed by US Bankruptcy Court last Thursday claims Merkin knew the millions in fees he collected from directing investments to Madoff were the spoils of a massive Ponzi scheme…
by Eva Wiland
May 11th, 2009 | Memorable Recipes
Tags: antwerp, blue swimmer crab, boston, bouillabaisse, clam chowder, fish, gazpacho, harbor city, harbor prawns, marseilles, recipes, rock oysters, seafood, soup, soupe de moules, sydney
Every harbour city worth its salt has a soup for its local catch
Marseilles has its Bouillabaisse, Antwerp its Soupe de Moules and Boston its Clam Chowder. However, such a specialty is strangely absent in Sydney.
This great harbor city of the Antipodes — or indeed the world — with its abundance of fish and seafood — has no seafood soup to call its own. But Australia — and Sydney in particular — prides itself on its multiculturalism. Instead of coming up with a fish or seafood soup of its own — Sydney chefs of all nationalities serve the whole gamut of fish or seafood soups of the world and variations thereof. Read more: Suite 101
by Eva Wiland
May 9th, 2009 | Financial news
Tags: accounting rules, accounting standards, banks, brussels, charlie mccreevy, conference, eu, europe, fair value, FASB, finance ministers, financial crisis, financial crisis advisory group, financial institutions, financial reporting in a changing world, fsab, G-20, IASB, investors, john smith, mark-to-market, regulators, us
Charlie McCreevy, EU internal market commissioner, urged the International Accounting Standards Board (IASB) last Thursday (May 7), at the Financial Reporting in a Changing World conference in Brussels, to be more flexible on mark-to-market accounting rules in the light of the current financial crisis.