Word: bankers
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PAUL JERNBERG, A 71-YEAR-OLD mortgage banker from Chicago, walked into his doctor's office a healthy, happy man. A short while later, he left with a sense of dread. Although Jernberg felt fine, a sophisticated protein test indicated that he might have prostate cancer. A subsequent biopsy was inconclusive, but a second one disclosed that he indeed had the beginnings of a tumor. "Of course, we'll operate next week," the physician told him. Not so fast, Jernberg thought. He feared the possible side effects of prostate surgery, including incontinence and even impotence. After consulting another doctor...
...first record. For years Moloney, an accountant, and the others kept their day jobs; some dropped out. Of the original five, only Moloney and fiddler Martin Fay remain; the others are Conneff (percussion), Sean Keane (second fiddle), Matt Molloy (flute) and Derek Bell (harp and keyboards), whose dour banker's visage is uncapped onstage to reveal a wily mischiefmaker. "We keep the humor going," says Moloney. "I grew up in an atmosphere where music was about happiness and song." But the group's approach to their traditional airs is one of unawed connoisseurship. They are not a bar band playing...
...means-testing benefits, Peter Peterson, the investment banker and former Secretary of Commerce who helped found the antideficit Concord Coalition, proposes a detailed plan: households with annual incomes of more than $35,000 would have all their federal benefits, including Medicare, civilian and military pensions, farm subsidies as well as Social Security, reduced on a sliding scale starting at 7.5% and going up an additional 5% for every $10,000 of extra income. At $185,000 or above, households would lose 85% of federal benefits. Peterson figures his plan would save $36 billion annually in Social Security outlays...
...house party that Alexander hurried last month at the end of a long day of fund raising. Nashville attorney Joe Barker and his banker wife Patricia had agreed to find 25 people to buy $1,000 tickets to this week's dinner. With less than a month to go, the Barkers were still shy of their quota, so instead they invited 40 friends over to hear Alexander give a sneak preview at no charge. Merlot and asparagus canapas were passed among the mix of Republicans, Democrats and independents. As usual, the candidate didn't ask for the cash. After speaking...
EARLY IN 1994 A NEW YORK CITY-BASED Barings banker introduced Leeson to a client whose identity remains a closely held secret at Barings. The client reportedly told his Barings contact in New York, "I hope you're getting some credit for this because your company is getting a lot of business from me in Singapore." It is still not clear where the mystery client's investing stopped and where Leeson's own-hidden in error account No. 88888-began. But right to the end, Leeson claimed that his huge, inexplicable investments were on someone else's behalf. "He always...