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During three decades as the head of financial-services consulting firm Greenwich Associates, Charley Ellis had a front-row view of Goldman Sachs' rise from also-ran to king of Wall Street. He then spent a decade working on a history of the firm, published last year as The Partnership: The Making of Goldman Sachs. So what is Ellis' explanation for Goldman's spectacular rebound - it turned a $5.2 billion profit in the first half of the year - from the financial crisis...
...fans. As for Rafael Nadal, he is constantly fighting all these elements, including his own body (he had to pull out of Wimbledon for overworking his knees). Nadal's game is exciting to watch, but one gets tired of watching him win with a struggle, 10 times in a row. Nadal can beat Federer every single time they meet, but that won't make him greater than Federer, nor it will make Federer anything less than a living, and still playing, legend of tennis. Hakan Azatoglu, ISTANBUL, TURKEY...
...Wall Street and the rest of the financial sector are finally seeing some sun, the storm clouds around Citigroup just don't seem to be breaking. The company said on July 17 that it earned $3.4 billion in its second quarter. It was the second quarter in a row that Citi had announced a profit, after many critics said the company was done for. In a press release, Citigroup CEO Vikram Pandit triumphantly said, "Our financial results today reflect the incredibly dedicated efforts of all of our people around the world and their success in implementing our plan...
...hear arguments that the government had failed to turn over key evidence to Moussaoui and his lawyer that might have helped in his defense. As politically untenable as it may seem, President Barack Obama should support Moussaoui's efforts to win another trial. (Check out a story about "Bombers Row" in a Colorado's Supermax Prison...
...this is Sarawak, Malaysia - not Missouri. Belaga's Main Bazaar is a row of careworn early 20th century Chinese shophouses. Between the stores and the town's stone jetty stands a giant wooden hornbill, perched on a carved totem pole, missing a wing, paint peeling on its sun-bleached casque. From the kampung a couple of blocks away floats a muezzin's soulful maghrib, mingling in the twilight with the putter of Yamaha motors on the longboats crawling their way up the Batang Rajang, Malaysia's longest river. For hundreds of years, this was one of Sarawak's most vital...