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...seemed to have the job market in the palm of his hand.The high-profile Delle, who serves as president of the Black Men’s Forum, spent his first two summers as a college student working at prominent financial firms. As a freshman, Bear Stearns came calling. Goldman Sachs took him on as a sophomore. And those were not his only choices.But in the face of the most disastrous financial downturn since the Great Depression, times have changed, Delle said, and so has his grip on the job market. “Last year I had offers from everywhere...

Author: By Victor W. Yang, CRIMSON STAFF WRITER | Title: Jobs Tough To Find For Future Financiers | 2/23/2009 | See Source »

...officials weren’t the only ones to report a measurable spike in tutor applications—Adams House Master Judith S. Palfrey ’67 said that she was excited about a larger pool of “diverse” applicants in Adams. Joshua D. Goldman, a fellowships tutor in Lowell House, said that though the number of annual applicants varies “widely,” applications were “much higher” this year.Pforzheimer House Allston-Burr Resident Dean Lisa Boes said the House received “hundreds of applicants?...

Author: By Bita M. Assad and Ahmed N. Mabruk, CRIMSON STAFF WRITERSS | Title: Tutor Applications See Spike | 2/17/2009 | See Source »

...caught up with economist Sylvia Ann Hewlett, who has studied these issues forever. She's the founder of the Hidden Brain Drain task force, a group of more than 50 companies--including GE, Goldman Sachs and our own mother ship, Time Warner--that are exploring how employers can hang on to the people they can least afford to lose. Especially when companies need to reinvent themselves to survive, she warns, they can't afford the huge costs associated with stressed-out talent: "It's not good for the bottom line," she says, "and it's not good for individuals...

Author: /time Magazine | Title: Married to the Job, or Each Other? | 2/5/2009 | See Source »

...Regulators have long had a lower capital requirement on loans that are not backed by deposits. But in 2004, the Securities and Exchange Commission (SEC) removed rules that capped leverage at 15 to 1 for investment-banking firms like Goldman Sachs. That allowed the firms to vastly expand their lending activities without raising a single new dollar of capital. One big backer of the rule change was reportedly former Treasury Secretary Henry Paulson, who was then Goldman's CEO. By that time, the regulatory separation between investment banks and traditional banks had long since been removed, so traditional banks such...

Author: /time Magazine | Title: Why Your Bank Is Broke | 1/31/2009 | See Source »

...Investment banks have been paying out bonuses for decades and in many years those sums were astronomical. Certainly Mr. Paulson, who ran Goldman Sachs before going into public service, knew about it as did everyone in the New York Federal Reserve. Paulson had, after all, had his years of big bonus payments. (Read TIME's story on whether Paulson can save the economy...

Author: /time Magazine | Title: How the Government Missed All Those Wall St. Bonuses | 1/30/2009 | See Source »

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