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JPMorgan Chase has an even longer and more storied history. It's a direct descendant of the House of Morgan that dominated Wall Street a century ago. But it's also an agglomeration of Chase Manhattan, Chemical Bank, Manufacturers Hanover, First Chicago, National Bank of Detroit, Bank One, Bear Stearns and Washington Mutual, among others, and this mishmash has only come together as a coherent whole since renowned details guy Jamie Dimon took over as CEO in 2005. "The teamwork culture at JPMorgan Chase is really Jamie Dimon," Ellis says...
Today, the word oligarch is bandied about in the media, but it is a misnomer. The oligarchy is no longer detached from, or in opposition to, the state. It is an extension of it. Many of the very rich people who once ran Russia still run it - but they have been brought to heel by a vastly more powerful Kremlin. Their wealth is "granted" to them by a Kremlin that demands loyalty and is prepared to use all means available to enforce it. They serve the Czar (or President, or Prime Minister) at his pleasure. They understand very well that...
...Pebble Mine. Environmental groups like the World Wildlife Fund (WWF) are making common cause with fishermen and native Alaskans who fear that pollution from the mine could ruin their livelihoods. Sustainability - the idea that there are alternatives to exploiting natural resources without regard for the consequences - is no longer such a suspicious term. "Do we want to embrace the mine, a resource that will be played out in 50 years?" says Verner Wilson, a Yupik Eskimo and Bristol Bay native who works with WWF. "Or do we want to embrace a resource like the fish that we can manage...
...other group parceled out 80 pieces of plain paper. All participants then played an online video game in which, using game controls, they could throw a ball and play catch with other Internet players. But the game was rigged so that after 10 throws, half the students would no longer get the ball thrown to them, while the rest of the students continued to play catch. When the game ended, participants who had been excluded from the second round of catch rated their level of social distress and how strong they felt. Those who had counted money before being socially...
With the arrival of SEACOM, which cost some $600 million, East Africa will no longer be dogged by the rather ignominious distinction of being the last place on Earth without access to a high-speed submarine fiber-optic cable. Until now, it has had to rely on vastly more expensive - and less dependable - satellite connections for Internet and international phone service. (Read: "Kenya's Mobile Gold Mine...