As if America’s hedge-fund elite didn’t have enough crises to worry about -- riots in Spain, the fiscal cliff, Lindsay Lohan’s hotel brawl -- the parade of underlings copping pleas to insider-trading crimes just keeps growing. Every week it seems another one flips, promising to turn state’s evidence.
Since the continent shifted and everything not nailed down fell into California, many cultural phenomena have started there: right turns on red, the revolt against property taxes, casual Fridays, Lindsay Lohan ’s meltdown.
Don Ahern, who built Ahern Rentals Inc. from mom-and-pop beginnings into an equipment empire with $382 million of annual revenue, is running out of time to keep his company out of the hands of buyout billionaire Tom Gores.
President Barack Obama said in an interview broadcast today that the government will recover taxpayer money spent to bail out the auto industry and that the U.S. still hasn’t fully dealt with racial tensions.