Word: goldman
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Dates: during 2000-2009
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...clear departure from the historical norm, the White House is not cheering the return of huge profits to Wall Street. On the contrary, the recent windfalls at Goldman Sachs and JPMorgan, and the promise of giant year-end paydays for banking executives and traders, has caused a bit of consternation in the West Wing, coming as it does so soon after the taxpayer bailouts saved the entire financial system from total collapse...
...them a lot of freedom in terms of what they want to wear. I think when you see them going to and from school, they really look like their own little people. Certainly for the Inauguration, the team that put Michelle together, and I do believe it was Ikram Goldman who did both the day and night Inauguration outfits, also dressed the girls. And they were in J. Crew, head to toe. They're not photographed very often, the girls...
...Market sentiment was boosted earlier in the week by a surprisingly good profit report from Goldman Sachs, which logged second quarter earnings of $3.4 billion and an eye-popping return on equity of 23%. Investors got a second round of heartening news on Wednesday morning when Intel reported sales that were 10% better than analysts had been expecting; Intel's earnings also beat expectations by a wide margin and the company offered encouraging guidance about the third quarter. The chipmaker's shares rose more than 7% Wednesday, putting the stock's rise so far this year at 25%. Intel...
...anyway, that policy is paying off. China announced today that its GDP in the second quarter grew at 7.9%, just a shade below the 8.1% goal the government set for growth in 2009. "The strong acceleration in underlying economic activity is now unmistakable," says Yu Song, a Goldman Sachs economist based in Hong Kong...
...bigger issue that divides economists is whether China's growth spurt is sustainable. Goldman Sachs and several other major investment banks are increasing their China growth forecasts for the rest of this year and into 2010. Strong retail sales and household-survey data show that consumption is contributing to growth and may help sustain it even if government spending levels off. (See pictures of China's investment in Africa...