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...America, in the past year more and more people have come to view Goldman's outsized profits as a product of backdoor dealings and market manipulation. AIG's former CEO Hank Greenberg recently blamed Goldman for bankrupting the insurance company. (Goldman, not surprisingly, does not concur with Greenberg's version of events.) Goldman received $12.9 billion when the government bailed out the insurer. Goldman has also been accused by critics of making large profits by betting against mortgage bonds the investment bank put together. (See more about Goldman Sachs...
...earlier version of the Jan. 13 news article "IRS To Audit Harvard as Part of Non-Profit Probe" stated that Steven M. Rose, former tax director of Harvard Management Company, raised questions last year regarding HMC's investment practices and "profit-driven mentality." To clarify, Rose voiced such concerns to a Crimson reporter last year, but the concerns focused on HMC's practices at the time of his employment in 2001. University spokesman John D. Longbrake's statement has been added to further clarify the timing of Rose's concerns and the University's response...
...previous version of this post stated incorrectly that Nicholson's comments were referring to an exchange that occurred during the televised interview with Lewis. In fact, Nicholson was referring to an earlier encounter with Lewis...
With the House set to return to Washington this week, Speaker Nancy Pelosi finds herself walking a narrow line on President Obama's top domestic priority. She had only two votes to spare when the House passed its version of health care legislation back in November, and now her restive caucus is telling her that they will not move too far in the direction of the Senate's more conservative version of the bill...
...Palin forces. Intimidated by the rabidness of her supporters, believing that they can't be swayed by facts and worried about getting crosswise with the most highly energized part of the Republican base, McCainworld has shied away from fighting for the soul of the party, instead allowing her version of reality to go largely unchallenged - and her rise to continue unchecked. There was perhaps a related factor: a recent ABC-Washington Post poll found that Republicans regard Palin as the 2012 front runner for their party's nomination and that she best represents the GOP's values - besting McCain himself...