21 November 2011 / by Radmila Gurkova

This week in your classes - Raj Rajaratnam jailed for 11 years for insider trading. The famous money scandal turns into a topic in your classes

httpv://www.youtube.com/watch?v=5nAYAnwWsfQ

Raj Rajaratnam, a former billionaire described by the government as "the modern face of illegal insider trading" was sentenced Thursday to 11 years in prison, the longest insider trading sentence ever.

A former hedge-fund manager has been sentenced to 11 years in jail for one of the biggest insider trading cases in American history.  Raj Rajaratnam, 54, was fined $10m (£6.4m).  The Galleon Group founder made well over $50m from illegal trades.  Sri Lankan-born Rajaratnam was convicted of 14 counts of securities fraud and conspiracy charges in May after a two-month trial.

District Judge Richard Holwell disclosed that Rajaratnam has advanced diabetes and needs a kidney transplant, and that this had been taken into consideration in the sentencing.  The judge also praised Rajaratnam's philanthropy for victims of the earthquake in Pakistan and the 9/11 attacks.

Learn more about this case and practice some interesting vocabulary in your class.

19

October 2011
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by Radmila Gurkova
httpv://www.youtube.com/watch?v=gl-Ppk6oN0s "The near-weekly ritual of Republican presidential debates took a raucous turn Tuesday night as the unsettled field of candidates ganged up on one another in a series of attacks more intense and personal than any in their previous appearances together." "The first to feel the assault wa...

17

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by Radmila Gurkova
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14

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13

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12

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11

October 2011
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by Radmila Gurkova
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10

October 2011
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by Radmila Gurkova
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10

October 2011
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by Radmila Gurkova
A busy start to the month but here's little update for the week. Last week we spoke about the classes at the gym and the new S1 course. Feedback has been generally good in both areas but we there’s still plenty of room for improvement. ...

10

October 2011
Current News - Food Labeling
by Radmila Gurkova
httpv://www.youtube.com/watch?v=9f9m0JmCGeE Sell-by dates should be removed from food packaging to help cut waste and save shoppers money, ministers say.  The UK throws away about £12bn of edible food each year and critics say confusing packaging is partly to blame. Read the whole story and watch a video on the BBC News website: ...

10

October 2011
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by Radmila Gurkova
httpv://www.youtube.com/watch?v=NJFrI5srZVI Denmark has introduced what is believed to be the world's first fat tax - a surcharge on foods that are high in saturated fat. Some scientists think saturated fat may be the wrong target. Click this link to read more: Denmar...