Word: rohatyn
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...magazine with a circulation of 100,000," he says, "a magazine of close to 5 million looks pretty tempting." The pieces he will pen for TIME each year will appear in the Essay section, though Kinsley does not describe himself as an essayist. Once, while criticizing Financial Expert Felix Rohatyn, Kinsley wrote that one "laughably easy" way to earn a reputation as a philosopher is to "refer to your own writings as 'essays,' not articles." Says Kinsley: "I write articles. If people want to call them essays, I'm extremely flattered...
...crash by freezing the planned hiring of 5,200 new workers and postponing raises for 4,000 management jobs. As a result of his reassuring actions, the city's bond rating was upgraded last week to its highest level since the 1975 financial crisis. Investment Banker Felix Rohatyn, head of the Municipal Assistance Corporation, which oversees the city's finances, praised the belt tightening as a "good first step," but warned that "New York faces the potential of a very difficult period...
...foundations of economic prosperity and stability are solid, we have some pressing problems that must be addressed with new energy and resolve and without partisan acrimony and without regard for personal political + advantage." Instead, Reagan has shouted fragmented and unwise slogans. Advises New York City Financier Felix Rohatyn: "He must not try to run after the markets; he must get ahead of them with credible, long-range plans...
...N.Y.S.E. closes two hours early with a minute change in the Dow (up .33 points, to 1950.76). Pondering the incredible week, Manhattan Investment Banker Felix Rohatyn, a staunch critic of Reagonomics, says he sees a new world in which governments are "held hostage" by the financial markets. He adds, "We really do not know what we've created. It's high tech and it's transnational and more powerful than anything we could ever have imagined...
...marketplace, aggravated the trade deficit by its lack of motivation to sell products abroad. Consumers added to the trouble by developing a ravenous taste for imported goods and credit-card spending. All told, the roaring '80s have been a time of refusal to confront limitations. Declares Investment Banker Felix Rohatyn: "In an act of the ultimate financial cowardice, we have attempted to pass on to our children the cost of this behavior by borrowing from tomorrow...