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...Hood Then again, Blankfein is different. Born into modest circumstances in the South Bronx, he moved with his family to the East New York section of Brooklyn "in search of a better life," Blankfein says, when he was 3. The family lived in the Linden Houses, a complex of 19 buildings completed in 1957 that contained 1,590 apartments. After losing his job driving a truck, Blankfein's father took a night job sorting mail at the post office - "which in our neck of the woods was considered to be a very good job, because you couldn't lose...

Author: /time Magazine | Title: The Rage Over Goldman Sachs | 8/31/2009 | See Source »

...investments of note include over $55 million in an ETF tracking Russian indices, and multi-million dollar repurchases of shares in mining giant BHP Billiton and oil and gas producer China National Offshore Oil Corporation. While the value of Harvard’s equity investments has increased, it remains modest compared to where it stood last September, when the University had nearly $3 billion invested in 213 public equity holdings. Jane Mendillo, president and CEO of HMC, said in an interview with The Crimson in May that she had “accelerated building a cash reserve” last...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Harvard Boosts Equity Holdings | 8/31/2009 | See Source »

...Ford wise to boost production at this point in the economic cycle? Yes, as long as the production increases are done for the right type of vehicles - such as high-demand, low-supply, gas-efficient cars and crossovers - and for the right price point. Recently announced production increases are modest and fit this description; therefore, I'd agree with them. The worst-case scenario for dealers - and the manufacturers - is to have qualified buyers on your lot and not have the inventory to sell. (See the most exciting cars...

Author: /time Magazine | Title: Was Cash for Clunkers a Success? | 8/26/2009 | See Source »

...findings contained in the now infamous "torture memos" by the Bush Administration Office of Legal Counsel suggest that interrogators didn't get much actionable information out of the detainees. Former CIA Director Michael Hayden said last week that the truth lies somewhere in between: that the program achieved "modest success" - providing the agency with useful information about al-Qaeda organization and leadership, but not necessarily information about attacks. If the IG report says no specific attacks were prevented because of information gleaned by the use of waterboarding and other harsh methods, that would be a major embarrassment for Cheney. (Read...

Author: /time Magazine | Title: Five Questions for the CIA IG's Interrogation Report | 8/24/2009 | See Source »

...Organization (SOCO), a Hong Kong-based poverty advocacy group. In a recent SOCO survey, about 5% of these dwellers were new tenants, forced into these conditions by the recent economic slowdown. The government social policies aren't much help. The city's thin retirement protection for the elderly - a modest $130 a month in social security - and a requirement that new immigrants reside in Hong Kong for seven years before they are eligible for public housing are big contributors to the phenomenon, says Ho Wai-chi, director of Oxfam Hong Kong...

Author: /time Magazine | Title: As Recession Eases, No Escape for Hong Kong's Cage Dwellers | 8/21/2009 | See Source »

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