Word: monday
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...other words, this craziness isn't likely to end soon. The fact that markets kept functioning pretty smoothly Monday marked something of a minor triumph for American financial capitalism. But it was just...
...much for "Masters of the Universe." On Monday, being an employee of Lehman Bros. looked about as much fun as a perp walk. Overnight, the 158-year-old Wall Street behemoth filed for Chapter 11 bankruptcy protection, a stunning collapse that may leave thousands of employees without jobs. With $639 billion in assets, the firm's filing is the largest in history. Throughout the day, as media crews hovered around the entrance to the firm's Midtown Manhattan headquarters, some of Wall Street's best and brightest trickled out onto the pavement, their faces crestfallen and their ties yanked askew...
...talk seemed unable to summon much emotion, saying they remained in the dark about the firm's future. "We don't know what happens on the [executive floors]," says a 31-year-old analyst. After two years at Lehman, he arrived at work Monday morning without any idea of what might happen beyond what he read in the Wall Street Journal. "The really top execs screwed up very badly," he says. "They wouldn't admit defeat. They were macho. Absolute power corrupts absolutely - that kind of thing." Asked whether management had made any announcements on the firm's next steps...
Others sought to lend what assistance they could. Having been unable to break through the firm's jammed phone lines, Jason Cohen, a psychiatrist in private practice, made the one hour, 40 min. drive Monday morning from Freehold, N.J. with the intention of offering counsel to dumbstruck employees. But after witnessing the scene unfolding on the sidewalk, he decided to hold back. "I don't have the heart to approach people carrying boxes out of their offices," he says...
...sorts; to see where soccer really lives and breaths: in every single other country in the world except for the United States. I’ve never been one for columns that come out admonishing Americans for hating soccer, being so ignorant to this beautiful game, or choosing WWE Monday Night Raw over a good MLS game.Because I love WWE. I know how to do a stone-cold stunner. And the MLS is, for the most part, horrible. But at some point, we, as great lovers of sport, are going to have to get with the program. Put simply, we?...