Word: banker
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...canny and successful Wall Street investment banker while still in his 20s, a yuppie before his time. But in 1937, at the age of 30, Paul Nitze experienced a Saul-on-the-road-to-Damascus conversion. He took a leave from the firm of Dillon, Read & Co. to tour his family's ancestral homeland, Germany. Deeply disturbed by what he saw of Adolf Hitler's rule, he returned home -- but not to the world of high finance and private wealth. Instead, he went back to his alma mater, Harvard, to study history, sociology and philosophy: "There were big issues...
...hold on a mo', mates. A shrewdly unsettling tack by a New Zealand banker, Michael Fay, aims to sink San Diego's big party. When Fay sent his unconventional fiberglass New Zealand into the elimination series in the last go-around, Conner tweaked the Kiwis, intimating they "wanted to cheat" their way to victory with design legerdemain. Within seven months, Fay had conceived a comeuppance from Down Under...
...during a recession and thus aggravate the downturn. Other harmful side effects have already shown up. Profligate consumer spending on imported goods has ballooned the U.S. trade deficit, while the dwindling national pool of savings has forced America to borrow from abroad to meet its financing needs. Says Investment Banker Peter Peterson, a former Commerce Secretary: "Correcting the current imbalance assumes that America can embark on an enormous shift from consumption to savings. I hope we don't have to have a national crisis to reach a national consensus...
...some of those have a slightly greedy tone, the reason is that New Age fantasies often intersect with mainstream materialism, the very thing that many New Age believers profess to scorn. A surprising number of successful stockbrokers consult astrological charts; a yuppie investment banker who earns $100,000 a year talks of her previous life as a monk. Some millionaires have their own private gurus who pay house calls to provide comfort and advice. Big corporations too are paying attention. "The principle here is to look at the mind, body, heart and spirit," says a corporate spokesperson, who asks that...
...reacted instantly to the crash by freezing the planned hiring of 5,200 new workers and postponing raises for 4,000 management jobs. As a result of his reassuring actions, the city's bond rating was upgraded last week to its highest level since the 1975 financial crisis. Investment Banker Felix Rohatyn, head of the Municipal Assistance Corporation, which oversees the city's finances, praised the belt tightening as a "good first step," but warned that "New York faces the potential of a very difficult period...