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...financiers alike were caught off guard. But since those early days of the real estate crisis, all sorts of loans have gone sour in large numbers, including plain-vanilla 30-year fixed rates. "Option ARMs don't have the monopoly on poor performance," says Amherst senior managing director Laurie Goodman. "It permeates the market." When the resets come, we'll feel it - but it won't be anything we haven't felt before...

Author: /time Magazine | Title: How Big Is the Threat from Option ARMs? | 2/19/2010 | See Source »

...native population—again, in the name of rubber production—of the Congo Free State under King Leopold II of Belgium. “Wherever he went and whomever he met, Roger Casement rarely failed to make a deep, lasting, highly favourable impression,” Goodman tells us. He quotes a fellow activist, Edmund Morel, recalling his first impressions of Casement: “I saw before me a man, my own height, very lithe and sinewy... A long lean, swarthy Vandyke type of face, graven with power and withal of great gentleness...

Author: By Grace E. Jackson, CONTRIBUTING WRITER | Title: Goodman's Detailed 'Devil' | 2/17/2010 | See Source »

Goodman’s account of these events is commendably clear, but he often presents the story and its characters in reductively simple terms. As the book’s title suggests, Goodman frames Casement’s clash with Arana as a battle between good and evil, between defenders and abusers of human rights, between heartfelt humanitarianism and ruthless capitalism. This is, to an extent, justified, given the enormity of the crimes committed against the native population of Putumayo by the Peruvian Amazon Company in the name of Europe’s ever-increasing demand for rubber...

Author: By Grace E. Jackson, CONTRIBUTING WRITER | Title: Goodman's Detailed 'Devil' | 2/17/2010 | See Source »

...worrying lack of “civilization” in the Putumayo basin crops up repeatedly in Casement’s correspondence and in his 1912 report. Troublingly, though, Casement’s vocabulary goes unremarked upon by Goodman, who appears not to notice that Casement, at least in the early stages of his investigation, did not view Arana’s dealings in the Putumayo in opposition to some universal ethical standard, but to the imperial “mission civilisatrice.” Casement is dismayed, for example, that “there are no civilized authorities...

Author: By Grace E. Jackson, CONTRIBUTING WRITER | Title: Goodman's Detailed 'Devil' | 2/17/2010 | See Source »

...imperial system, even as he was enraged by the abuses it engendered, and pointing out this ambivalence would not undermine Casement’s achievement as a campaigner, nor cast doubt on the authenticity of his humanitarian sentiment, but simply illuminate the complexity of his predicament and character. Instead, Goodman misses the opportunity to present Casement’s story as emblematic of the conflicted, traumatized, and transitional consciousness of colonial operators in the early twentieth century. Furthermore, in attributing to Casement an unalloyed concern for “human rights,” Goodman simplifies where he should have...

Author: By Grace E. Jackson, CONTRIBUTING WRITER | Title: Goodman's Detailed 'Devil' | 2/17/2010 | See Source »

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