Word: facings
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...recent story in Rolling Stone, of all places, in which the author described Goldman as a "great vampire squid wrapped around the face of humanity," has been particularly troubling to him. "Oddly enough, the Rolling 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...
...have deflected the spotlight from what should be great story fodder: Blankfein's personal journey from one of New York City's poorest neighborhoods to its most élite investment bank - and his astounding rise within Goldman. Instead, he has to explain Goldman's performance - and connections - in the face of the nation's epic financial calamity. (See pictures of TIME's Wall Street covers...
These early triumphs in the face of adversity understandably shaped his ambition and his worldview. "You can never forget that Lloyd came from a pretty significantly challenging environment," explains Robert Steel, Blankfein's former partner at Goldman and an Under Secretary for Paulson at Treasury. "That's at the root of Lloyd." Steel recalls that Blankfein shared stories about life at Thomas Jefferson High School. "You survive by either one of two things," Steel says Blankfein told him. "You were either a great athlete or funny and entertaining, and I decided to go with funny and entertaining...
...mind-boggling: on the unnecessary-expenditure scale, a keepsake for the winner of a fantasy league is off the charts. One site, TheUltimateTrophy.com just shipped an $800 prize to a fantasy-league commissioner. "Part of the jollies of fantasy sports is you get to stick it in the face of your buddies," says Tom Harkins, president of FantasySportsTrophies.com whose sales have risen 50% during the downturn. "That trophy says, I know more than you." It also says, I know how to spend money on stupid stuff...
It’s hard to picture the Senate without Ted Kennedy. Over the last 47 years, his name has become synonymous with the liberal movement, and his face, with his thick white hair and ruddy cheeks, his sharp jaw and sharper tongue, has become a symbol of the American Left. Though born into uncommon privilege, Kennedy made a career of defending the downtrodden. President Barack H. Obama praised his voice as one that spoke for the “poor and powerless,” and his funeral Mass this weekend was attended not only by political bigwigs...