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...anyone shoulders the "blame" for Goldman's golden performance, it is Blankfein. Self-deprecating and seemingly unassuming, the former gold salesman has been ruthlessly ambitious for his firm and its continued success. "He takes it very personally when people act against the firm or show disloyalty," says a former Goldman executive. (See the worst business deals...

Author: /time Magazine | Title: The Rage Over Goldman Sachs | 8/31/2009 | See Source »

...Goldman. He did not make the cut in Goldman's famously exhaustive recruitment process (or at the other two firms either). "It wasn't a nutty decision. I was a lawyer," he says. "I didn't have a finance background." Instead, in 1982 he landed a job as a gold salesman for J. Aron & Co., an obscure commodities firm that Goldman had purchased in November 1981 for about $100 million. According to the Wall Street Journal, when Blankfein told his then fiancée Laura - now his wife and the mother of their three children, one of whom is at Harvard...

Author: /time Magazine | Title: The Rage Over Goldman Sachs | 8/31/2009 | See Source »

...provide more armored humvees for our troops. Later, when I thanked him, he told me it wasn't necessary, that he wanted to thank me for helping focus attention on the issue and that he knew what my wife and I were feeling because his mother - she was a Gold Star mother...

Author: /time Magazine | Title: Barnicle on Kennedy: Of Memory and the Sea | 8/27/2009 | See Source »

...statement, and I quote, 'Eighty percent of our air pollution comes from plants and trees.' And that nominee is no friend of the environment." The convention rejoiced as Kennedy arraigned Reagan for a string of similar absurdities; we had discovered in Reagan's past radio shows a previously ignored gold mine of stunning quotes. Kennedy ended the indictment with one of the most far-fetched: "Fascism was really the basis of the New Deal." Then he drove the point home. "And that nominee, whose name is Ronald Reagan, has no right to quote Franklin Delano Roosevelt" - which Reagan...

Author: /time Magazine | Title: Bob Shrum Recalls Ted Kennedy's Greatest Speech | 8/26/2009 | See Source »

Caster Semenya was greeted by a rapturous crowd on Tuesday when she returned to her native South Africa after claiming the women's 800-m gold medal at the World Athletics Championships in Berlin. But speculation surrounding the legitimacy of her title continues to rumble on after a British newspaper revealed that doping officials had found the 18-year-old athlete's testosterone levels to be three times as high as those normally expected in a female...

Author: /time Magazine | Title: Is a Female Track Star a Man? No Simple Answer | 8/25/2009 | See Source »

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