Word: carl
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After Hurricane Katrina, folklorist Carl 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...
...government tried several stop-gap measures to no effect and in late 1992 opted for a complete re-booting of Sweden's financial system. Conservative Prime Minister Carl Bildt's administration sat down with the center-left opposition and came up with a bipartisan, multi-tiered approach. The government issued blanket insurance for a period of four years to creditors in all the country's 114 banks. It established an agency to oversee all banks that needed recapitalization and told them to immediately write down their losses...