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...financial crisis and its aftermath have dramatically changed investor perceptions, particularly with respect to the soundness of our financial system. In response, big financial firms are changing, but few firms have changed more than Morgan Stanley. The latest sign of Morgan's transformation came two weeks ago when the firm announced that James Gorman would replace Mack in January. Unlike Mack, and nearly every other head of Morgan Stanley, Gorman has never been an investment banker. Gorman, a former McKinsey consultant, joined Morgan three years ago from Merrill Lynch, where he had run that firm's brokerage force. At Morgan...
...illiterate black teen in 1980s Harlem who is both abused by her mother and pregnant with a second child by her father, was honored with Toronto's coveted audience award, following in the wake of last year's Toronto-to-Oscar champion Slumdog Millionaire. It was only the latest in a long line of victories for Precious. At the Sundance Film Festival in January, the movie swept both the jury and audience awards; a few days later Lions Gate signed on to distribute the film, aided by the production companies headed by both Tyler Perry and Oprah Winfrey...
...artistic detachment born of his status both as an exile and a nonbeliever. The power of his images - which are stark, often startling, and embody the spontaneity of what he terms "the suspended moment" - owe much to that self-imposed distance. It's particularly poignant, then, that his latest book, In Whose Name?: The Islamic World after 9/11, begins not in Kabul or Karbala but in Siberia, where Abbas watched on his hotel room TV as the Twin Towers collapsed in New York City, 13 time zones away...
...study—conducted by researchers at Harvard Medical School and the Cambridge Health Alliance—represents the latest effort to gauge the effects of health insurance on Americans’ health...
...were to split with France, Britain and the U.S. on sanctions, it could render any new measures largely symbolic. Though they prefer unanimity, England and France have previously been willing to adopt new measures against Tehran without full E.U. agreement; Germany has resisted. Once again on the latest effort against Iran, Germany has indicated that it is unlikely to support new sanctions without the rest of the E.U., according to European and American sources...