Word: ferdinand
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...Rage Over Goldman Sachs" [Aug. 31]: I will take CEO Lloyd Blankfein's word that he is shocked by the perception that the firm "burned down the Reichstag, shot the Archduke Ferdinand and fired on Fort Sumter." What a relief that is. Nevertheless, many of us are still wondering if Goldman Sachs' former employees who now hold influential government positions have unduly influenced national economic policy to Goldman's advantage. It is also high time we discovered whether Goldman's astronomical profits are the upshot of its alleged ability to perpetuate sophisticated market manipulation and fraud. These are real questions...
...year's Virgin Mobile Festival ran upwards of $100. This year, all 30,000 tickets were free. Call it a recession bonus from British billionaire and Virgin founder Richard Branson. The festival, held Aug. 30 at the Merriweather Post Pavilion outside of Baltimore, featured Blink-182, Weezer and Franz Ferdinand as headliners. Branson himself was on hand and talked to TIME about the project, the recession and Virgin's next improbable plan. (See TIME's 10 Questions video with Richard Branson...
...Stone article tapped into something," he says in an interview. "I saw it as gonzo, over-the-top writing that some people might find fun to read. I was shocked that others saw it as being supporting evidence that Goldman Sachs had burned down the Reichstag, shot the Archduke Ferdinand and fired on Fort Sumter." Suddenly a firm that few Americans know or understand has become part of the zeitgeist, the symbol of irresponsible Wall Street excess, the recovery from which has pushed the nation's treasury to the brink. (See 25 people to blame for the financial crisis...
...tarmac at Manila's international airport. On that day, opposition politician Benigno (Ninoy) Aquino Jr., 50, returning from three years of self-imposed exile in the U.S., was shot as he stepped off a jetliner into a crowd of soldiers and well-wishers. Though Ferdinand Marcos, the country's authoritarian President, tried to blame communist agitators, one Filipino civilian and 25 members of the military, including General Fabian Ver, the armed-forces chief of staff and Marcos stalwart, were indicted on charges of conspiracy to murder. The defendants were acquitted in December 1985 after a yearlong trial, but few Filipinos...
...said in her address, "it is fitting and proper that, as the rights and liberties of our people were taken away at midnight 14 years ago [when martial law was declared], the people should formally recover those rights and liberties in the full light of day." An hour later Ferdinand Marcos stepped onto the balcony at Malacañang Palace before a crowd of 4,000 cheering supporters and took the oath of office. "Whatever we have before us, we will overcome," he promised, while his wife Imelda vowed to serve the people "all my life up to my last...