A Bad Week for … , October 28, 2012
Premier Wen Jiabao
Just when retirement seemed within reach, Beijing's No2 leader was rocked by revelations in an exposé in The New York Times about the vast wealth built up by his family while he has been in office. Even Wen's 90-year-old mother was, apparently, in on the act, amassing a US$120 million stake in financial service giant Ping An Insurance. The Foreign Ministry condemned the allegations - but did not deny them.
France's most famous rogue trader lost his appeal against a five-year jail sentence for running covert stock market deals, while working for Societe Generale. And it won't get any better for Kerviel when he gets out of prison - he'll start the onerous process of paying off a €4.9 billion (HK$49 billion) fine. If he takes a job at France's minimum wage, it will take a mere 370,000 years to clear his debt.
The UN secretary general admitted that he ceded his place as the world's most famous South Korean - having been usurped by the Gangnam Style rapper, Psy. But he had the last word when the pair met at UN headquarters in New York. "You are so cool. I hope you can end global warming," he joked.