Word: added
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Dates: during 1990-1999
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...western hemisphere have moved into some form of private banking, with Citibank using its peerless retail network to develop business among local elites around the world. Most of the private-banking departments offer trusts and accounts in Switzerland, the Caymans and other havens with tight bank-secrecy laws. (An ad for Citibank's Monaco private bank touts its "trust companies and private investment companies in the U.S., Bahamas, Cayman Islands, Jersey or Switzerland" that "can give the client confidence that their assets are held...in a way that is both tax-efficient and confidential...
...know it's not nice to mock an eating disorder, particularly one that's been vigorously denied. Fortunately, someone else did it for us. In its year-end issue, the normally obsequious TV Guide did a takeoff on an ad for Altoids, the ubiquitous mint, starring CALISTA FLOCKHART. Never mind, Ally. Life ain't all roses for self-described "fat girl" actress Camryn Manheim either. Is INSTYLE the only irony-free magazine left...
Clearly the stigma is gone. Appearing in ads has become prestigious--a status symbol. Why? Mainly because in the 1990s the prestige of commerce and the glamour of money have soared along with the economy. This explains why zillionaires are wanted to endorse products and helps explain why they would do such a thing. There are other reasons, of course. Buffett and Lynch are both pushing products of their own companies. Those I'm-the-wonderful-CEO ads are also justified as being good for the company--at least in the CEO's own swollen head. There has been published...
Specific business purposes aside, they do it partly for fun, of course. What appearing in an ad offers even the very richest is a chance to enjoy their celebrity. More important, though, for all but the most psychologically secure, it also is certification that there is indeed some celebrity in their portfolio...
Where is justice? The answer, one that Americans instinctively resist, is that there is no justice. The international arena is a Hobbesian state of nature, a world of ad hoc rulemaking where anarchy is tempered only by the rule of the bully. It must be so. In any social system--whether of individuals or nation-states--where there is no enforcer, there can be no real...