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...battle, in a sense, since Lehman was a major force behind the subprime-mortgage bonds that were the culprits in the collapse. Gasparino is particularly good at capturing--via the profane, telling quote--the high-noon drama of the meltdown. When Morgan Stanley CEO John Mack tells Lehman boss Dick Fuld, "There are rumors that you guys are in trouble," Fuld, the "Gorilla of Wall Street," answers with tough-guy bravado, "It's bullshit." Lehman's stock price was soon in free fall...

Author: /time Magazine | Title: Business Books | 11/23/2009 | See Source »

...love chamber music. I’m playing chamber music right now, and I want to have a band someday. I play the guitar here. They’re both satisfying, but with solo playing, you’re just the boss. I sound like a douche saying that, but it’s an opportunity for you to lead—to be an inspiration...

Author: By Matthew H. Coogan, CRIMSON STAFF WRITER | Title: SPOTLIGHT: Ryu Goto '11 | 11/20/2009 | See Source »

...Obama's National Security Adviser General James Jones last week visited Islamabad carrying a message from his boss to Pakistan's President Asif Ali Zardari. The New York Times reported Monday that in the letter, Obama urged Zardari to rally his nation behind a joint campaign against militants who fight the Pakistani government and those who fight U.S. and allied troops in Afghanistan. Obama was also reported to have demanded more decisive action against al-Qaeda leaders hiding in Pakistan's tribal areas. In return, he reportedly offered a range of fresh incentives, "including enhanced intelligence sharing and military cooperation...

Author: /time Magazine | Title: Why Pakistan Won't Fight the Afghan Taliban | 11/20/2009 | See Source »

...unclear. The executives swiftly issued statements nearly identical in tone to explain their actions. "We were concerned about the city's inability to move forward due to the situation and circumstances that had surrounded Mayor Kilpatrick and his administration," Gilbert's statement read. The statement of Karmanos, Kilpatrick's boss, read: "We wanted to help care for his family until he could get back on his feet. At this time the loans remain outstanding...

Author: /time Magazine | Title: In Detroit, Kwame Kilpatrick's (Money) Troubles Continue | 11/17/2009 | See Source »

...once the star of the French government and an icon of racial diversity near the summit of power. But now Rama Yade - the Senegal-born minister whom President Nicolas Sarkozy once called "my Condi Rice" - has angered her boss, alienated colleagues and fallen into such disgrace that her ejection from the cabinet is virtually certain during a shake-up next spring. About the only thing not failing Yade these days is public opinion - which continues to rank the outspoken 32-year-old higher than any of the politicians now yearning for her ouster...

Author: /time Magazine | Title: The French Government's Minority Problem | 11/17/2009 | See Source »

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