Word: chasings
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Paying a $25 million or $30 million bonus to a Goldman Sachs or JPMorgan Chase or Morgan Stanley higher-up this year is obscene because none of these firms would exist if our government and others hadn't stepped in to save the world financial system. If these companies have all that money around, largely courtesy of us, they ought to send it to the U.S. Treasury. But paying a $250,000 bonus on top of a $150,000 salary to a worker bee is a different story...
...when the likes of Goldman Sachs or JPMorgan Chase, which were well capitalized and well run, say they didn't really need TARP money in the first place, that's more or less accurate. However, that doesn't mean that Goldman, JPMorgan and every other bank in the country weren't bailed out. Had the world economy melted down and more giant institutions failed, even strong firms like Goldman would have gone under. In July, Goldman acknowledged this, more or less, when it graciously - yes, graciously - paid a full price of $1.1 billion to redeem stock-purchase warrants it gave...
Because last year’s freshmen also won their event at the Carnegie Chase, this year’s boat was granted a favorable start ahead of Princeton. The rookies rowed well throughout the race but really began to put distance between them and their opponents in the third sector...
...earlier version of the Oct. 26 sports article "Rookies Dominate Field at Princeton’s Carnegie Chase" incorrectly stated that the Harvard men's lightweight crew's freshman boat came up short against Princeton last April 25. In fact, Yale's was the only team to place ahead of the boat in the 2009 spring season...
...Black and White Varsity Eight is usually accustomed to racing in dual competition, but yesterday’s Princeton Chase, a head race hosted by Princeton University, gave the rowers of the Radcliffe 1V a chance to test themselves over a three-mile stretch of Lake Carnegie in Princeton...