Word: everly
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...ever miss not being famous...
...Have you ever injured yourself by dancing too vigorously...
Populists have been doing it for years--telling the common man that politicians are against them or that the political process is a farce. The difference today is that politicians no longer need to broaden their appeal beyond a committed, activist base. And they know more precisely than ever what the base wants. The soapbox, which became the sound bite, thanks to radio and television, has gone interactive. If you say it today, the audience will come to you. "There is an interactive element to this. I spend enough time online to figure out what people are thinking," explains Grayson...
With Goldman Sachs employees on track for their best bonus year ever, the investment bank's executives have been making the case that their bounty is good for all of us. "We contribute to growth," CEO Lloyd Blankfein said at a breakfast put on by FORTUNE. "Once the economy starts to turn, we get very involved." In a discussion about morality and markets at St. Paul's Cathedral in London, Goldman Sachs International vice chairman Brian Griffiths, a former adviser to Margaret Thatcher, described giant paychecks for bankers as an economic necessity. "We have to tolerate the inequality...
...1960s were by most measures the best decade ever for growth and widening prosperity in the U.S.; the past decade has been a bust. Yet the financial sector was relatively tiny in the 1960s and huge in the 2000s. Could this mean that good times for finance are bad for the rest of us? Philippon says it isn't that simple. The 1990s, for example, were good for both Wall Street and Main Street. His theory, which fits the historical evidence well, is that the financial sector's share of the economy should increase when there are fast-growing companies...