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...also the first big-name Wall Streeter to predict the Great Crash of 1929. Indeed, in the months leading up to the Crash, Merrill pleaded (to no avail) with President Calvin Coolidge to speak out against speculation. By February 1929, Merrill was so sure the end was near that he liquidated his firm's stock portfolio, an act that made him famous in October, when the Crash finally came...

Author: /time Magazine | Title: CHARLES MERRILL: Main Street Broker | 12/7/1998 | See Source »

...service, brainchild of ex-Wall Streeter Jeff Bezos, 33, is widely considered the hottest retail site in cyberspace. Few book lovers would forgo entirely the joys of browsing an actual bookstore, but Amazon offers considerable pleasures of its own. The site is so fast and responsive it almost feels alive; it's thrilling to have every title in the language at your fingertips, and reader-produced reviews add a layer of egalitarian interactivity. In the past year everyone from Business Week to the New Yorker has sung Amazon's praises. Bill Gates buys books there, and he doesn't even...

Author: /time Magazine | Title: AMAZONIAN CHALLENGE | 4/14/1997 | See Source »

...nemesis today will be Holy Cross defenseman David Streeter, who is coming off of an 18-tackle game last week at Dartmouth...

Author: By Michael E. Ginsberg, | Title: Football Hopes to Send Local Rival Holy Cross to the Lions | 10/19/1996 | See Source »

Confirming rampant rumors that he was headed to Houston, Treasury Secretary Lloyd Bentsen resigned today. Named to replace him was longtime Wall Streeter and Clinton economic advisor Robert Rubin. Bentsen said he wanted to return to Texas to spend more time with his children and grandchildren and "return to the private sector . . . while I still had a spring in my step." Bentsen -- who leaves in two weeks -- served in the Senate for 22 years and ran as vice president in 1988 on the ticket headed by Michael Dukakis.His replacement, currently head of Clinton's National Economic Council, spent nearly three...

Author: /time Magazine | Title: BENTSEN OUT, RUBIN IN AT TREASURY | 12/6/1994 | See Source »

Doormen have seen it all, and Abdul, our particularly excellent doorman, is as wise as they come. So I repeated his comment to a cynical Wall Streeter I'll call Mac, who replied cheerfully, "I'll support any sacrifice -- so long as it's someone else's sacrifice...

Author: /time Magazine | Title: Money Angles: What You Can Do for Your President | 1/25/1993 | See Source »

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