Word: greeds
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...opposition to a takeover of VW and ended up saddling Porsche with $13 billion in debt. As his star was sinking, Wiedeking went from hero in the German public's eye to a victim of his own massive hubris. In his way, Wiedeking is Germany's symbol of the greed generation, just as Bernie Madoff is in the U.S. or the Royal Bank of Scotland's Fred Goodwin is in Britain. Not a criminal like Madoff, obviously, but someone who overreached, who dreamed too big. "Porsche is another example of how the gambling mentality in global casino capitalism has infiltrated...
These confident auras of authority seem at first to have impact, but they’re wearing thin amongst the British public. This year, we’ve discovered the greed of our financial sector, the violent tactics of our police, and the corruption of our politicians in a wave of horrific scandals. Now, whispers are circulating about the illegal practices that take place at every newspaper, and even if further allegations aren’t uncovered, the strength of this story could taint the media as a whole. If the fourth estate of British society crumbles, executives will need...
...with surprising speed, fear in Asia has swung back to greed as the region shows signs of recovery - and some economists are warning that asset-price bubbles that had been popped by the global recession may be reinflating. Property and stock prices are soaring in many parts of Asia: Shanghai's main stock-market index has surged about 90% this year, while Indonesian stocks are up 70%. By comparison, the S&P 500 is up 11%. (See the World Economic Forum...
...good news for traders has created two distinct concerns for President Obama's advisers. The first problem is political. For much of the year, populist revulsion at Wall Street greed has been palpable. Obama, who prides himself on his cool countenance, has repeatedly channeled this fury, flashing anger and frustration at the logic of financial titans, who continued to justify huge paydays even as their banks begged financial lifelines from the U.S. taxpayer. "That is the height of irresponsibility," the President said in January, after a report emerged of large 2008 bonuses on Wall Street. "It is shameful...
...Late Wednesday, investigators grimly announced that at least 50 graves had been disturbed. Four of the cemetery's employees, including its former manager, were swiftly arrested on an assortment of charges, including dismembering a human body. The most obvious motive was simple greed. Space was not an issue: there are still vast stretches of unused land at the cemetery, which opened in the 1950s and is predominantly African American...