Madoff's timely withdrawal, India's urine soda
Good day for ESP, Bad day for health drinks
GOOD DAY FOR: ESP, after Massachusetts state regulators said that Ruth Madoff, the wife of alleged $50 billion Ponzi schemer Bernard Madoff, withdrew $15.5 million from jointly owned brokerage accounts in the weeks before her husband’s arrest. Of that, $10 million was withdrawn the day before Madoff was arrested. (The New York Times)
BAD DAY FOR: Health drinks, as a hardline Hindu group in India is preparing to launch a soft drink made from cow’s urine—a liquid that is revered among many Hindus as sacred and medicinal. The group, Rashtriya Swayamsevak Sangh, sees Western food and drink imports as tools of imperialism. It has not settled on a flavor yet. (Reuters)
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