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...FIRM: Morgan, Lewis & Bockius...

Author: /time Magazine | Title: The Boys of Whitewater | 4/18/1994 | See Source »

EDITORIAL FINANCE: Genevieve Christy (Manager); Carl Harmon, Morgan Krug (Domestic); Camille Sanabria, Aston Wright (News Service); Linda D. Vartoogian, Wayne Chun (Pictures...

Author: /time Magazine | Title: Time Magazine Masthead | 4/18/1994 | See Source »

...also spending lavishly to provide its whiz kids with all the tools they can use to build ever more elaborate toys. The arrival of powerful computer workstations in the late 1980s gave the quants the number-crunching capacity they needed to bring forth their brainchildren. Now Goldman Sachs, J.P. Morgan and Morgan Stanley each spend anywhere from $800 million to $1.2 billion a year to hone their derivatives operations. The money goes for the computers and software it takes to design and monitor derivatives contracts, and for the salaries of the quants who pilot the equipment...

Author: /time Magazine | Title: The Secret Money Machine | 4/11/1994 | See Source »

EDITORIAL FINANCE: Genevieve Christy (Manager); Carl Harmon, Morgan Krug (Domestic); Camille Sanabria, Aston Wright (News Service); Linda D. Vartoogian, Wayne Chun (Pictures...

Author: /time Magazine | Title: Time Magazine Masthead | 4/11/1994 | See Source »

...ward off the not-yet-visible inflation. Rising interest rates by definition mean lower bond prices. And falling bond prices pull down stock prices too. "The economy is doing well, and the market is doing terribly," sums up Byron Wein, chief U.S. market strategist for the investment firm Morgan Stanley...

Author: /time Magazine | Title: The Markets: What's Going Down | 4/11/1994 | See Source »

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