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...financial crisis is a great opportunity to build out our franchise," says Shawn Matthews, the chief executive of Cantor Fitzgerald & Co., the firm's investment banking subsidiary. "The dislocation in the financial markets has caused others to take the eye off the ball, allowing us to gain market share." The parent company is still headed by Howard Lutnick, who is the CEO of Cantor and chairman of a publicly traded subsidiary BGC Partners, which is 40% owned by Cantor. Lutnick was famously taking his son to his first day of kindergarten on September 11 and not in Cantor's offices...

Author: /time Magazine | Title: Cantor Fitzgerald, Victim of 9/11, Thrives in Recession | 4/17/2009 | See Source »

...considered to be in reasonable shape a year ago so Google's results in the period were based on a relatively robust business environment. Even with a collapse in the overall economy Google's results barely changed. The DJIA was 60% higher than it is now. Google's share price was only 15% higher. The market's perception of Google's prospects has changed very little in a year...

Author: /time Magazine | Title: Google: The Economy in a Tea Cup | 4/17/2009 | See Source »

...past 40 years, the rise of a shadow banking system of securitization, investment banks, hedge funds and private-equity firms has taken business from conventional banks. Now much of that shadow banking system is gone, and the surviving banks - battered as they may be - are gaining market share in everything from mortgage lending to investment banking. As Wells Fargo shareholder and Goldman Sachs bondholder Warren Buffett put it on CNBC in early March, "This is a great time to be in banking, you know, if you just get past the past...

Author: /time Magazine | Title: Citigroup's Surprising Profit: Is It for Real? | 4/17/2009 | See Source »

...fiction and expository writing classes are great complements,” said Dr. William Weitzel, an Expository Writing preceptor at the College and the instructor for the Extension School’s Intermediate Fiction Writing course. Indeed, many of his creative writing colleagues at the Extension School share a similar pedigree—splitting their time between their responsibilities at the Extension School and Expository Writing program at the College. Like Weitzel, Dr. Ken Urban, a professional playwright and director, is an instructor of playwriting at the Extension School who also teaches Expository Writing to undergraduates.Before enrolling in Urban?...

Author: By Marissa A. Glynias, CRIMSON STAFF WRITER | Title: Expos, Extended | 4/16/2009 | See Source »

...government land privatization schemes have failed to give the Tatars a fair share. Some have resorted to seizing land on which to build new homes. These often ramshackle settlements are scattered on barren land throughout Simferopol, immediately recognizable by their tiny stone houses on what look like permanent building sites. "We're not asking for favors," says Rustem Khalilov, who lives in Yani Qirim, a settlement built in Simferopol on land seized in 2006 and which now houses 80 families. "We just want somewhere to live. If we had been given land, we wouldn't need to seize...

Author: /time Magazine | Title: For Crimea's Tatars, a Home That's Still Less than Welcoming | 4/16/2009 | See Source »

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