BUSINESS
June 11, 2011 | By Megan Woolhouse, Globe Staff
Do not expect Nobel Prize recipient Peter A. Diamond, the MIT professor who withdrew his nomination for a seat on the board of the Federal Reserve, to slip quietly into the shadows of academia. Diamond plans to retire from teaching at MIT on July 1, but he said yesterday that he will continue his research into the underlying causes of the financial crisis so that he can weigh in on policy reforms. “The obvious, pressing problem we have, the reason I was so eager to join the Fed, was how to head off future financial crises,’’ Diamond said in an interview yesterday.
BUSINESS
June 7, 2011 | By Megan Woolhouse and Donovan Slack, Globe Staff
Peter A. Diamond, facing intractable Republican opposition, yesterday withdrew his nomination to the Federal Reserve board, leading many to criticize a process so intensely political that even a Nobel Prize-winning economist from MIT could not overcome it. Representative Barney Frank, Democrat of Newton, excoriated Republicans for blocking Diamond’s nomination, saying he believes the GOP is trying to undercut the Obama administration’s progress...
BOSTON GLOBE
September 2, 2011
The universe has been described as many things: vast, mysterious, awe-inspiring. But, with the discovery of a planet orbiting the pulsar known as J1719-1438, a mere 4,000 light years away, one more superlative can be attached to outer space: bejeweled. This newly discovered planet seems to be essentially one giant diamond, roughly the size of Jupiter. Such ostentatious display can never be in good taste, whether by a person or a pulsar. There needs to be some restraint, after all, in interplanetary bling.
NEWS
May 17, 2012
Police in Canada say they are waiting for a man accused of stealing a $20,000 diamond and swallowing it to produce the evidence. It has been nearly a week since Richard Mackenzie Matthews, 52, is alleged to have switched a diamond at Precision Jewellers in Ontario and swallowed the real one. Matthews is being held at police headquarters while investigators wait for the 1.7-carat stone to pass through his system. Sgt. Brett Corey said Thursday that Matthews has gone to the washroom numerous times, but the diamond hasn't passed.
BUSINESS
February 10, 2012
Diamond is restating profit for the past two years after an accounting probe, imperiling a deal to acquire the Pringles brand and ending the empire-building dreams of chief executive Michael J. Mendes. He and the chief financial officer are being replaced; the company's board found payments to walnut growers were booked improperly. Procter & Gamble Co., which agreed to sell Pringles for $1.5 billion, had said the sale depends on a favorable resolution of the probe. Diamond gave assurances to P&G that its financial statements were accurate.
NEWS
September 11, 2011 | AP National Security Writer
Lawyers for a prominent Zimbabwean human rights activist say state security officials prevented him from leaving the southern African nation for a conference in Ireland on rights violations. Lawyers for Farai Maguwu said Sunday that his airline boarding pass was seized Saturday along with his passport, laptop and personal notebooks. Maguwu was jailed for five weeks earlier this year for allegedly releasing information on killings and violence in eastern Zimbabwe's controversy-mired diamond fields.