Word: forgotten
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...money, and all that's obscured when these things come to define his neighborhood. "There is a lot of good in the cités, but you have to look for it," he says. "There are people who are in the shadows, who the town hall, the government, have forgotten and left behind...
...Lewis and former Merrill Lynch CEO John Thain goes on over who knew about large bonuses and large losses and when they knew it, recent news that the bank will get $20 billion from the federal government along with $108 billion in loss guarantees has almost been forgotten. Much of the paper being supported by the government came from the Merrill acquisition...
...filled by less talented individuals. This same class of alums protested the $107.5 million HMC paid its top officials in 2003. When Harvard proceeded to sharply reduce HMC executive compensation, CEO Jack R. Meyer left the company along with many other successful money managers. It should not be forgotten that, in Meyer’s 15-year tenure as CEO, the endowment grew from $4.8 billion to $25.9 billion. The experts needed to run HMC are entitled to the salaries the financial industry would otherwise afford them; risking their departure in a knee-jerk reaction to the recent economic crisis...
This lack of oversight juxtaposes a high number of abuses over the years, many of which have been forgotten. In 1994, 29-year-old Anthony Báez was strangled by an NYPD officer after refusing to leave the street in front of his home where he was playing football with his little brother. In June 2007, Michael Tarif and Evelyn Warren, human rights attorneys, were themselves assaulted when they attempted to help a young black man who was being beaten by the cops. Oscar Grant’s murder is part of a long history that calls far higher...
...calculation of future Medicare and Social Security benefits ($34 trillion of it is Medicare alone), which Congress has promised to future senior citizens but has made no provision to pay for. This is the entitlements nightmare we hear so much about. Trouble is, the PGP folks seem to have forgotten about this $40 trillion of dubious promises when totting up the assets of people who will (or possibly won't) get the benefits. If these entitlement promises are real government debts, they are also real assets for the people who will enjoy them. If (as we gloomsters suspect) they aren...