Word: questionable
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...lesson Summers draws from this is that Washington must "insist that reforms be put in place so that the mistakes of the past are not repeated." That makes more sense than singling out Goldman and JPMorgan for being too good at what they do. The question, though, is whether such reforms can actually be enacted. In the past, Goldman and JPMorgan - and the rest of the financial industry - put their highly talented employees to work dismantling any regulation that might get in the way of higher profits. If they try that again, maybe "swine" and "vampire squid" will prove...
...only way they know to secure their fortunes is to endear themselves to the state - to become cheerleaders for it. "Russia is ruled by the same people who own it," says Masha Lipman, a political analyst at Moscow's Carnegie Center. "It's not even a legitimate question to ask whether the 'oligarchs' ... work 'for the Kremlin,' for it is sometimes impossible to draw the line between the 'oligarchs' and the Kremlin...
...Question Lenin Asked What is not simple is Russia. That quintessentially Russian query - What is to be done? - continues to bedevil the Kremlin. The country is, after all, falling apart. The price of oil is down sharply from its high of $147 a barrel in July 2008. The markets have been badly shaken by Putin's attack on steel giant Mechel, the breakup of the oil conglomerate TNK-BP (during which the Russians none-so-subtly squeezed out their British partners), and last summer's war with Georgia. And then, of course, there's the global financial crisis, which...
...pedestrian--Goldman Sachs made more than $3.4 billion. That staggering profit--$1.6 million per hour, $117,000 per employee--is the most the firm has ever earned in a quarter. After Goldman reported the news on July 14, everyone from Wall Street to Wasilla struggled with a basic question: Should we be happy about this...
...talks softly of a kind of peace. "We build small heavens here," he says. "We are the people of the Bible. If Obama fights what God has done in bringing the people of the Bible here from the four corners of the earth, he will fall. Now the question is, Who is the boss? God? Or Obama...