Word: nationalization
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...Afghanistan holds its presidential election, the Obama Administration has arrived at the same conclusion that Bush did: nation-building is essential to defeating extremism in Afghanistan. U.S. security goals in the region cannot be achieved purely by military means; in order for American and NATO troops to someday be able to head home, Afghanistan needs good governance and modern institutions...
...being supporting evidence that Goldman Sachs had burned down the Reichstag, shot the Archduke Ferdinand and fired on Fort Sumter." Suddenly a firm that few Americans know or understand has become part of the zeitgeist, the symbol of irresponsible Wall Street excess, the recovery from which has pushed the nation's treasury to the brink. (See 25 people to blame for the financial crisis...
...spotlight from what should be great story fodder: Blankfein's personal journey from one of New York City's poorest neighborhoods to its most lite investment bank - and his astounding rise within Goldman. Instead, he has to explain Goldman's performance - and connections - in the face of the nation's epic financial calamity. (See pictures of TIME's Wall Street covers...
Figuring out how to balance the proper ongoing motivation of some of the nation's best and brightest people with the still simmering public anger toward Wall Street - and, at the moment, toward Goldman Sachs in particular - may be Blankfein's biggest management challenge yet. And he knows it. "Everybody's goal in life is to get 105% credit for all the good things they do and much less recognition for all the bad things they do," he says. "But with us, bizarrely, the view seems to be, What's good is bad and what's bad is good. There...
...clan, but also by 50,000 supporters from all walks of life. Senator Edward Moore “Ted” Kennedy’s life-long commitment to public service has made his career a triumph and his death a time of sadness for Massachusetts and for the nation...