Word: crisises
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All this has aroused Lebedev's reformist zeal. More than ever, he says, Russia needs an independent judiciary and legislature, a free press, real elections, real political parties. The oligarchs, he says, understand that the system cannot survive forever. They are scared and looking for handouts. (At the top of...
In the end, this has turned out to be a pretty great financial crisis for Goldman Sachs--and for its employees, who will earn, on average, almost $1 million each for the year if the profit pace keeps up. It hasn't been a great financial crisis for the U.S...
There isn't. But the mere fact that reporters raised the subject was an indication that the issue is complicated. Goldman's profits are so high because so many of its competitors are wounded or defunct. Though the firm is in this advantageous position because it did a better job...
Banks hate the idea of a CFPA and reportedly plan to spend millions of dollars on TV ads and other efforts to thwart it. Members of Congress are griping about the way it steps on the toes of existing agencies they like. And those on the political right have taken...
Booker staunchly defends the salaries. "I stand by any personnel decision I've made," he says. He points to a reduction of Newark's budget deficit, from $180 million to $73 million, according to the city, as a healthy return on his talent investments. A more professional and efficient city...