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During three decades as the head of financial-services consulting firm Greenwich Associates, Charley Ellis had a front-row view of Goldman Sachs' rise from also-ran to king of Wall Street. He then spent a decade working on a history of the firm, published last year as The Partnership: The Making of Goldman Sachs. So what is Ellis' explanation for Goldman's spectacular rebound - it turned a $5.2 billion profit in the first half of the year - from the financial crisis...
This explanation for Goldman's success hasn't been getting a lot of media play lately. Fox News talker Bill O'Reilly instead refers to the firm as an assemblage of "swine." Rolling Stone writer Matt Taibbi, showing more creativity if not sympathy, calls the firm a "great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money...
...Talking trash by itself isn't a punishable offense - unless, it seems, you draw a crowd while doing it, which is part of the allegation against Gates. That's why in the wake of the Gates incident, cops are holding firm on the need for lots of latitude in issuing disorderly-conduct charges. President Barack Obama, who said earlier this week that Cambridge police had "acted stupidly," called Crowley on July 24 to make nice, though he stopped short of issuing the apology that Massachusetts police unions sought and maintained that he still thought "there was an overreaction...
...author of Boston Criminal Lawyer Blog, thinks the report includes that detail in order to bolster the case that this altercation was playing out publicly. "It's as if he was saying, 'Look, he was really causing a disturbance,' " says Goldberg, a criminal defense attorney at the Cambridge-based firm of Altman & Altman...
...Kenya, a country where 40% of people live on a dollar a day, mobile phone operator Safaricom recently unveiled a deal that gives average consumers one gigabyte of data (only enough to satisfy the lightest of web surfers) for about $32 - and that was touted as a bargain. Other firms offer unlimited but extremely slow Internet connections, barely capable of making Skype calls, for about $40 per month. "No one can [guarantee] there will be a 90% drop next year, but hopefully there will be," says Christopher Stork, senior researcher at Research ICT Africa, a technology analysis firm based...