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Steven Begleiter isn't the only Wall Streeter to have hit pay dirt at the poker tables in Las Vegas. But he might become the first to claim the game's biggest prize - and in an odd way he owes it all to his former employer, the collapsed investment house Bear Stearns...
...Curse of the Mogul, Jonathan Knee, Bruce Greenwald and Ava Seave say the biggest problem with media companies is the moguls, who have been seduced into believing that content is king, bigger is always better and talent - especially their own - is irreplaceable. So blinded are they, they have mismanaged their companies and shareholders have suffered. Co-author Knee, director of the media program at Columbia University and an investment banker with Evercore Partners, weighs in on the next big media deal, the treachery of the Internet and why the movie business sucks. (See the top 10 financial collapses...
...really don't know. But I can tell you I will have had a lot of experience in leading during a time of sustained crisis. The biggest lesson is that you have to play offense. You can't just hunker down. You have to continue to lead and push forward despite all the challenges, and you have to have a skin as thick as a rhinoceros...
...course, has been a major force in American theater for some years. The Steppenwolf Theatre burst on the national scene in the 1980s, introducing plays by Mamet, Sam Shepard and others, popularizing a high-voltage performance style and spawning stars like John Malkovich and Gary Sinise. The city's biggest resident theater, the Goodman, has produced everything from major revivals of Eugene O'Neill and Arthur Miller to last year's Pulitzer Prize winner, Ruined by Lynn Nottage, while a growing roster of smaller off-Loop theaters have nurtured experimental works like 2007's critically acclaimed musical version of Elmer...
...year before. The stimulus bill accounted for just $200 billion of that increase, according to the Congressional Budget Office. Bailing out banks and other financial firms cost $245 billion. A $419 billion drop in tax receipts (due mainly to recession, not legislation) without an offsetting spending cut was the biggest factor in the deficit's rise. Then there are the trillions of dollars the Federal Reserve put into asset purchases and other programs - surely the biggest stimulus...