Word: goldmans
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...been touted as major achievements of the New Economy. Such gains stemmed from spending for technology that allowed a growing number of employees to work faster and smarter--a process that economists call capital deepening. But "as the investment boom goes bust," says William Dudley, chief U.S. economist for Goldman Sachs, "there is going to be less capital per worker, and you will lose that increment in productivity...
...While Goldman Sachs millionaire Jon Corzine made it to the Senate last year, Bloomberg notes that three-quarters of wealthy candidates fail. And New York City has never elected a rich suitor. As Giuliani learned in 1989, the first time a novice runs for mayor, he loses. Still, the billionaire says he would rue not running more than he would a loss. "If you believe you can make a difference, you will regret it the rest of your life if you don't give it a shot," he says. Five months of campaigning may make him rethink that...
During his time at Goldman Sachs, Rubin honed his managerial skills. He is known for ignoring traditional hierarchy when attempting to find the best solution to a problem...
White House spokesperson Jake Siewert says of Rubin, “He would listen to everyone and ask lower-level people for advice. That came out of the environment at Goldman Sachs, where everyone has equal responsibility for trading...
...addition to his career at Goldman, Rubin became interested in Democratic politics...