Word: forgetting
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...forget, too, that a fair number of Wall Streeters got wiped out because their wealth was tied to their firm's stock price. Dick Fuld, the former CEO of Lehman, had shares and options worth about $1 billion at their peak. He got less than $1 million when he sold them after the firm went bankrupt. (He still took home, before taxes, $490 million from his stock-based compensation, so don't cry for him.) James Cayne, CEO of the defunct Bear Stearns, was in a similar situation. If Fuld and Cayne had known their firms were as badly...
...houses) that have burst within the past decade and two more that are in the process of popping: commercial real estate and leveraged buyouts. Even though there are plenty of decent people on Wall Street, the Street's primary interest is its own well-being, not yours. Don't forget that. You'd better take care of yourself, because there's no one else...
...with an electrifying presence and their sympathy with very public private lives of addiction and misbehavior. The stars' talent makes them unique; their transgressions make them human. Michael Jackson, who died in June at age 50, outlived Edith Piaf and Judy Garland by three years, and Elvis by eight. (Forget Madonna - that woman is too smart to self-immolate.) Jackson's bizarre resculpting of his features, his litigious shenanigans with his youngest admirers, his obsession with being an eternal preadolescent, a petrified Peter Pan: all these eccentricities gave him an otherworldly cast. It took death to restore his standing...
...forget that the CIA isn't the only organization with questionable people on its payroll. Since the beginning of the war, NATO has been bribing drug smugglers to let fuel pass through the Khyber Pass from Pakistan into Afghanistan. NATO payments, thousands of dollars for each truck, have to dwarf anything the CIA is giving to Ahmed Wali Karzai. (See pictures of the U.S. Marines' offensive in Afghanistan...
...China's Future David Shambaugh paints a rosy picture as the People's Republic of China turns 60 [Sept. 28]. Let's not forget that China is a communist dictatorship with a one-party system (hence no meaningful opposition), a rubber-stamp congress and a judiciary under the control of the Party. Human rights are routinely trampled on, even though they are written into the constitution; dissidents are jailed for long periods of time. The Chinese government did not hesitate to send tanks against its own people in 1989, and we have seen what the government can do against...