Word: favorable
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Dates: during 2000-2009
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Sure, Uncle Sam twists the tax code to favor buying - and to reinforce the notion that owning a house is synonymous with the American Dream. But is it? "Moving up in the world and attaining material and nonmaterial success - that was always the American Dream," says Phelps. "That didn't necessarily mean you owned your house...
...world's foremost risk arbitrageurs - first Gus Levy and later Robert Rubin - with the investment-banker pedigree of former senior partners, including Sidney Weinberg, John Weinberg, John Whitehead, Stephen Friedman and Paulson. "We would never let our reputation as the key M&A adviser ebb in favor of being a principal," Blankfein says. "We're very self-conscious that our franchise hinges on our client relationships and the business that those relationships generate...
...wake of Winkelman's departure from the firm after he'd been passed over for the top job at Goldman in favor of Jon Corzine (now governor of New Jersey), Blankfein was selected to run J. Aron. His appetite for risk quickly surfaced. In 1995 he chided his fellow partners for being too risk-averse and promptly left a conference room where they were meeting to place a multimillion-dollar bet with the firm's money that the dollar would rise against the yen. Blankfein's bet - one of his favorites - paid off, and he impressed his partners...
...Teddy was in favor of a public plan, and Teddy would've fought for a public plan on the floor of the Senate," Kerry bristles. "Teddy would've probably found a way to have a vote, and if he'd lost the vote, he'd have moved on. That's how you legislate. You don't block. You don't stop anybody from expressing their point of view. You've got to move on, and then you live with the vote - I mean, that's what Teddy would do. And if there were absolutely no way of getting it done...
...elections this year, Indian voters seem to have rejected the politics of religious polarization in favor of stability and economic growth. "Hindu nationalism worked in the 1990s, but today, it is on the margins. It goes against the popular mood," says New Delhi-based political analyst Mahesh Rangarajan. In terms of economic reforms, the BJP seems to have placed itself against a growing consensus. When in opposition, it has been an outspoken critic of the Congress party-led government's liberalization policies, seeking to speak for workers and small businesses perceived to have been disadvantaged by reforms. This marks...