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Kaufman is not the only pessimist on Wall Street. Felix Rohatyn, a partner of Lazard Frères, an investment banking house, warns that "the next twelve to 18 months are going to be potentially the most dangerous period that I have seen in 30-plus years in the banking business." Rohatyn is wor ried about possible corporate bankruptcies and the failure of some banks or savings and loan institutions as well as rising unemployment. Last week the Labor Department released figures that supported those glum views. Unemployment in December jumped to a near record 8.9%, up from...
...Glanville, a partner at Lazard Frères. "But I have been watching M.B.A.s in this business for over 20 years, and I have found a great majority of them immature in their judgments. They are inclined to make strong judgments without a background of experience and humility. You don't really learn anything until you've been wrong a few times. If we shut down the business schools for ten years, we would not suffer a very great loss...
Shepard is most rewarding when he transforms his special war into myth. In his latest play, True West, he reworks the ancient tale of Cain and Abel. In the course of the drama, two brothers exchange identities, summoning up Baudelaire's line, "Mon semblable-mon frère!" or put somewhat differently: Am I my brother's murderer...
Although he held a majority of the votes cast all last night in the 4th Congressional district, Democrat Barney Frank '61 waited until 2 a.m. to claim victory over his Republican opponent Dr. Richard Jones in the race for the seat vacated by Fr. Robert Drinan earlier this year...
...prisidincy is th' highest office in th' gift to th' people. Th' vice prisidincy is th' next highest an th' lowest. It isn't a crime exactly. Ye can't be sint to jail fr it, but it's kind iv a disgrace. It's like writin' anonymous letters." --Mr. Dooley...