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...Blodget is “retired” from Merrill, which realized that his continued presence at the firm was an invitation to class action lawsuits. Blodget’s case illustrates the power of greed to erode the barriers of self-interest that are supposed to police capitalism. When bankers and research analysts work at the same firm, the fee-generating bankers put enormous pressure on the research analysts to issue favorable ratings. They know companies that receive less than stellar ratings from an analyst will not take their banking business to that analyst’s firm...

Author: By Alex F. Rubalcava, | Title: Caveat Emptor Isn't Enough | 5/1/2002 | See Source »

...While wayward monks have shaken the faith of many, Sanitsuda draws consolation from several encouraging trends. Modern, socially engaged monks, such as noted author and Sangha member Phra Paisan Visalo, serve as role models for some, working with civic groups to try and steer Thailand's often greed-driven development onto a more just, equitable and environmentally friendly path. Among the middle class, there has been a remarkable rise in the popularity of meditation retreats. And Professor Sunthorn Narangsri of Chulalongkorn University's Buddhist Studies Center says the monk police have also proved surprisingly effective...

Author: /time Magazine | Title: Buddha Boys | 4/29/2002 | See Source »

...milder things he calls George W.--would not play well in wartime. Now we have his book pretty much as he wrote it, a bit of unadulterated pre-Sept. 11 wrath and a handy compilation of everything Moore's fans hate about the contested 2000 election ("Gore won!"), corporate greed and the buccaneering free-market culture that gave us Enron. Some of it is very funny. A lot of it is old-time left-wing boilerplate. But all of it is in the voice of the rare liberal commentator who breathes some of the same fire you get from...

Author: /time Magazine | Title: Books: Patriotism in The Cross Fire | 4/15/2002 | See Source »

...presence of the monster stimulates a simultaneous display of both the best and the worst humanity has to offer. On the side of brutality are the thugs who beat up the monster in a back alley, and on the side of greed, there is the government researcher who tortures the monster in a mad quest for grant money. Representing the more noble aspect of humanity, there is of course Beatrice, as well as Dr. Arto, a physicist and musician bedazzled by the rhythms of the universe and endowed with the power to destroy the monster. (You’ve seen...

Author: By Lindsey E. Mccormack, CONTRIBUTING WRITER | Title: When Beauty Becomes the Beast in New York | 4/5/2002 | See Source »

...Krazy and Ignatz" series, should it see its end, will make up a cultural loss as significant as finding a complete version of Eric Von Stroheim's "Greed." Like any great art work, during its own time "Krazy Kat," received as much mystified disdain as it got praise from many of the jazz-age "inelectjools." At least now we will be able to judge for ourselves whether Gilbert Seldes was correct when he wrote in 1924: "Krazy Kat, the daily comic strip of George Herriman is, to me, the most amusing and fantastic and satisfactory work of art produced...

Author: /time Magazine | Title: At Lest, a Heppy Lend | 3/19/2002 | See Source »

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