Word: favorities
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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...
...Admittedly, there are reasonable arguments to be made in favor of the continued use of coal. It is cheap, abundant, and domestically produced. Smokestack scrubbers remove most of the pollutants in coal before they can be emitted into the atmosphere. The federal government requires mining companies to restore exhausted mines to their former natural state. Electric utilities also claim that discoveries in coal gasification (the production of synthetic natural gas from coal) and carbon sequestration will dramatically reduce resultant greenhouse- gas emissions, rendering coal an ideal fuel for a post-cap-and-trade future...
...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...