Word: bros
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...David Einhorn explain to an audience what had gone wrong with Wall Street. Packaging home loans into securities was a "mediocre idea," he said. Repackaging those securities into yet other securities was a downright bad one. Credit ratings were a joke. Investment banks--he mentioned Bear Stearns and Lehman Bros. by name--took too many risks and disclosed too little...
...that he has now largely won. With Bear Stearns, which the Federal Reserve forced into a fire sale to JPMorgan Chase, he cashed his checks quietly. But in the case of Lehman Bros., Einhorn engaged in a riveting public campaign to goad the firm into confessing its shortcomings. In mid-June, it more or less did. Einhorn, 39--a soft-spoken, baby-faced hedge-fund manager previously best known for winning $659,730 at the 2006 World Series of Poker--had briefly made himself the most important crusader for financial morality on Wall Street. Which may say less about...
...movie also follows a precept of animation that stretches back to Gertie the Dinosaur, Krazy Kat and Mickey Mouse, through the classic Warner Bros. cartoons and up to Disney's The Lion King, Pixar's A Bug's Lifeand of course Happy Feet: stick to animals. When stylized artfully, they have so much more wit and personality than mere human beings. Not having to attempt a duplication of reality liberates a good animator's imagination. In KFP you'll see this in the spectacular fight scenes, but also in the character sketching, in the subtlety of glances and gestures...
...consumption would cause the economy to overheat. Yet the nation's three largest commercial banks - Kaupthing, Landsbanki and Glitnir - continued to exploit their then strong currency and cheap credit to buy banks in Denmark, Norway and the U.K., as well as British retailers like House of Fraser and Moss Bros. They amassed foreign assets equivalent to 800% of the nation's GDP, the highest ratio of any country in the world. Meanwhile, their dependence on global capital markets to fund this shopping spree left the banks vulnerable to the whims of investors. By early 2008, the combination of a risk...
...simply give up. The number of companies allowing workers to dress casually every day dropped from 48% in 2004 to 37% in 2007, according to human resources trade group SHRM. And the trend has left corporate America a sartorial mishmash. At opposite ends of the spectrum are Lehman Bros., which has reinstated its daily-suit mandate, and IBM, which has tossed its famously conservative dress code altogether. Last summer the U.S. Commerce Department banned employee flip-flops. This summer Texas A&M University is urging its staff to dress "comfortably" so the school can ease up on air-conditioning...