Word: bankes
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Dates: during 2000-2009
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JPMorgan Chase has an even longer and more storied history. It's a direct descendant of the House of Morgan that dominated Wall Street a century ago. But it's also an agglomeration of Chase Manhattan, Chemical Bank, Manufacturers Hanover, First Chicago, National Bank of Detroit, Bank One, Bear Stearns and Washington Mutual, among others, and this mishmash has only come together as a coherent whole since renowned details guy Jamie Dimon took over as CEO in 2005. "The teamwork culture at JPMorgan Chase is really Jamie Dimon," Ellis says...
...stately pink building where he sometimes works and sleeps, Lebedev gave me a condensed history of the Russian state since the collapse of the Soviet Union in 1991 - the beginnings of post-Soviet capitalism, the rise of the oligarchs, the loans-for-shares scandal, his acquisition of National Reserve Bank, the rise of Putin, the fall of the oligarchs, his 28% stake in Aeroflot, the Khodorkovsky affair, the forthcoming launch of his restaurant in London, the end of democracy in Russia, Davos, and fellow oligarch (and Chelsea Football Club owner) Roman Abramovich. (See pictures of EURO 2008 soccer...
...billion in debt. As his star was sinking, Wiedeking went from hero in the German public's eye to a victim of his own massive hubris. In his way, Wiedeking is Germany's symbol of the greed generation, just as Bernie Madoff is in the U.S. or the Royal Bank of Scotland's Fred Goodwin is in Britain. Not a criminal like Madoff, obviously, but someone who overreached, who dreamed too big. "Porsche is another example of how the gambling mentality in global casino capitalism has infiltrated even the most down-to-earth companies and industries in Germany," complained Joachim...
...taking it upon himself," as a top adviser put it, to make the hard-line national-security case to the President. Cheney didn't lose every fight, but he was no longer winning them all either. And his backup vanished. Pentagon official Paul Wolfowitz moved to the World Bank in early 2005. Libby was indicted in October of that year and left the government. John Bolton resigned his post as U.S. ambassador to the U.N. the same month Rumsfeld left the Pentagon in 2006. Cheney's allies no longer manned the key points in the national-security flow chart. "Cheney...
What effect will this have on East Africa? A recent World Bank report found that countries experience 1.3% economic growth for every 10% increase in high-speed Internet connections, but sub-Saharan Africa has some unique challenges. Only 5.9% of Africans are connected to the Internet, and most are in North African countries such as Egypt and Algeria. That compares to 26.9% for the rest of the world. To put those numbers in perspective, consider this: Just 17% of people in sub-Saharan Africa have access to electricity...