Word: carl
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Dates: during 2000-2009
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...unpopular among economists and, according to polls, the American public. In a recent poll, 55 percent of Americans indicated that they do not favor bailing out private companies using taxpayers’ money, which is what this $700 billion purchase of mortgage-backed securities composes. Investors George Soros, Carl Icahn, and Jim Rogers, as well as about 200 university economists—including several from Harvard—are a handful of those who have vocally denounced Paulson’s bailout plan. Possibly more disturbing than the economic flaws of the program are the ethical issues. As the former...
After Hurricane Katrina, folkloristCarl Lindahl wondered how he could help survivors from New Orleans. He found his answer while sorting through old clothes at a Houston site for evacuees. As he searched for pants to fit a bone-thin man standing 6-ft. 5, the man told his story: he'd been trapped with a group of elderly without food or water. Every day for four days he swam out a second-story window to a nearby store, dragging supplies back through the polluted waters. Lindahl was transfixed by the man's quiet heroism. And that's when...
...Wall Street, Oliver Stone’s classic film about bankers gone wild in the go-go 1980s, the protagonist, Bud Fox, is faced with a similar predicament. After his son’s finance career has gone up in flames, Bud’s father Carl counsels, “It’s gonna be rough on you but maybe in some screwed up way, that’s the best thing that can happen to you. Stop trading for the quick buck and go produce something with your life, create, don’t live...
...Many seem quick to offer a similar assessment of the brave new world facing Harvard’s would-be i-bankers. Carl Fox’s moralizing view of Wall Street life as inherently dishonest is closely paralleled by commentators who, for years, have bemoaned the culture of “selling out” that leads so many Harvard students into “morally bankrupt” finance careers instead of productive labor. This approach sees a sort of poetic justice in the collapse of financial titans, as those who spurned substantive work for filthy lucre reap...
...Perhaps, in order to test the tumultuous waters of the world, the average Harvard student just needs a little push. The financial system’s meltdown provides a rude, forceful shove. So maybe Carl was right: In some screwed up way, this is the best thing that can happen...