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...songs on your album, which is your favorite? Oh, golly. I made the album so long ago that I really can't remember all the titles that are on there. The "White Cliffs of Dover" is one of the standards and "We'll Meet Again." But apart from that I can't really remember what's on the album...
...half years ago, at Morgan Stanley's annual meeting, CEO John Mack fielded a question from a worried investor. Mack's firm had had a good 2006 and early 2007, but the questioner was concerned that much of the new profits seemed to be coming from increased borrowing and bets the bank was making with its own capital. Mack answered defiantly...
...financial crisis and its aftermath have dramatically changed investor perceptions, particularly with respect to the soundness of our financial system. In response, big financial firms are changing, but few firms have changed more than Morgan Stanley. The latest sign of Morgan's transformation came two weeks ago when the firm announced that James Gorman would replace Mack in January. Unlike Mack, and nearly every other head of Morgan Stanley, Gorman has never been an investment banker. Gorman, a former McKinsey consultant, joined Morgan three years ago from Merrill Lynch, where he had run that firm's brokerage force. At Morgan...
...Islamic month of Ramadan, which historically have provided opportunities for Iranian politicians from across the ideological spectrum to speak their minds, were either shut down or scaled back. Former President Mohammed Khatami was scheduled to speak alongside Ayatullah Ruhollah Khomeini's grandson at Khomeini's shrine two weeks ago, but the occasion was canceled. Former President Ali Akbar Hashemi Rafsanjani, who has delivered a Qods Day speech for decades, was replaced by a more hard-line Ayatullah who gave remarks in addition to an introduction by Ahmadinejad. And regime representatives including Supreme Leader Ayatullah Ali Khamenei had warned the Green...
...purchases because the dollar is getting weaker by the day and we want hard assets. Companies, land, buildings, amusement parks, golf courses, whatever. Our sovereign wealth fund - the China Investment Corp. - is already looking at possible investments, as are some of our state-owned companies. A few years ago, one of our better-run companies, CNOOC, tried to buy a second-tier oil company in Los Angeles, UNOCAL, but backed off after your own xenophobic politicians created a ruckus. We hope that in the future your Administration will help explain to the American people - not to mention the members...