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...government's money directly, but in the case of Morgan Stanley and Goldman Sachs, they were facing a severe crunch," says analyst Brad Hintz, who covers financial firms at Sanford Bernstein and is a former chief financial officer of Lehman Brothers. "Had it not been for the government's help in refinancing their debt, they may not have had the cash to pay bonuses." When asked, the Treasury would not comment directly on Wall Street's bonus plans, though spokeswoman Brookly McLaughlin did reiterate the bailout's intent. "There is broad agreement that the Treasury's capital purchase program...
...billion in the first half of that year. This year financial firms are deeply in the red. They lost more than $15 billion in the first half of the year alone, and that was before the market's big plunge in the past few months. Says Frank Bruconi, chief economist in the New York City comptroller's office: "Had the federal government not stepped in with a bailout plan and other moves, the pay and the employment situation on Wall Street would be much worse...
...under its first owner, The Atlantic Monthly, before being sold to Manhattan Media in May 2008. The founders’ involvement with 02138 ended shortly after the magazine changed owners. Manhattan Media significantly altered the magazine’s focus, according to David J. Blum, the new editor in chief of 02138. “We were redesigning the entire magazine basically from scratch,” Blum said. Although it still addressed an audience of Harvard alumni, 02138 tried to focus more on issues of national interest, according to Blum. Previously, one of the magazine’s most...
...side. For years, Israel's big political parties have been unable to win solid majorities and, as a result, have found themselves at the mercy of the smaller parties' whims. Many Israelis now agree to a two-state solution with the Palestinians, and they may see Livni - the chief Israeli negotiator in peace talks and seen by Washington as a straight-shooter - as being more capable of hammering out a deal than the hawkish Netanyahu...
...their favor in the ten-week-old military operation in Bajaur, where they say the Taliban last week offered negotiations - a sign, say government officials, that the militants' resolve is weakening. "It was the first time that the government rejected an offer of peace," says Mehmood Shah, a former chief secretary for Pakistan's tribal areas...