Word: riche
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Kohler: There's something about the whole story, something about "The Ship of Dreams," - quite literally the most opulent passenger liner - that sank on its maiden voyage. Everything about this wreck was big including the passenger list. It had the elite societies, the richest of the rich. And conversely, it had the poorest of the poor. People who left everything behind, looking for a new life. And when that ship sank, the heavy hand of the sea cut right across them all. The poorest of the poor drowned and died the same as the richest of the rich. And although...
...billion financial bailout package failed because most Americans wanted it to fail. Before the vote, members of Congress were getting calls 100 to 1 against the bill. The question is: why? It's easy to understand that bailing out rich bankers doesn't feel super, but why, despite all the efforts of all the country's leaders to fill citizens with fear of an economic apocalypse, did they not see a failure to act as a serious threat to their livelihoods...
...Shoot the Messenger If you want people to support the radical idea of rescuing rich investment bankers, don't send a rich, former investment banker (Henry Paulson) to convince them. And don't send a discredited, lame-duck President, either. As in normal life, people are more likely to believe the advice of someone they trust. There aren't many well-known experts in this field who aren't rich, but even Warren Buffett would have brought less baggage to the process than Bush...
...against the measure. "Fremont has one of the highest foreclosure rates in California, and unemployment is high. I think their feeling is, Why should you be bailing out Wall Street when we know people who can't afford junior college tuition? They see the Wall Street giants as extremely rich people very different from them." Stark evinces no panic when told the markets may tumble further. "The sky isn't falling," he says...
...Economic Forum conference in China last weekend, when I found myself (these things happen) at dinner with three Swedish entrepreneurs. They were, as you would expect, fun, clever, technologically up to the minute. And I thought: What do Sweden and China have in common? Just this, perhaps: one already rich, one rapidly becoming richer, neither nation is in thrall to American verities on the ways in which societies should be organized...