Word: wall
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...move could put Europe at loggerheads with the U.S. Last week, Obama said Wall Street could not go back to the days of "reckless behavior and unchecked excess," but he has repeatedly said he is against creating strict rules on pay. Luxembourg Prime Minister Jean-Claude Juncker said on Sept. 17 that Europe should act on bonuses "whether the Americans are with us or not." (See 25 people to blame for the financial crisis...
What a difference a financial crisis makes. Mack has spent much of the past year putting Morgan Stanley on safer ground. He has dramatically lowered borrowing and shut down the firm's proprietary trading desk. He changed Morgan from a Wall Street dealer to a bank holding company, and more than tripled the firm's deposit base, which is a safer source of capital. And in a major break from the bank's 70-year history he de-emphasized investment banking as the driver of Morgan Stanley's profits. In June, he completed the purchase of a majority stake...
...disaffected immigrant communities do not threaten a new Weimar or a revival of the nihilism that scarred the 1970s. Muslims in Germany, for the most part, have rejected the siren calls of jihadism. But there is a strain of disappointment and resentment in Germany 20 years after the hated Wall came down which makes one uneasy about the future. In Oranienstrasse a convoy of cars drives past, horns blaring, Turkish flags fluttering from aerials. "It's a wedding," says Turan, "A celebration. We celebrated like this, we applauded as the Wall fell. But now we say 'The Wall fell...
...assume the worst. This has been an awfully ugly summer of argument, and you'd be forgiven for concluding that we've lost our will to face or fix anything. We'll just dance with the devils we know, thank you. But if you look past Washington, past Wall Street, turn down the volume and go outside and walk around, you'll find the parcels of grace, of ingenuity and enterprise - people riding change like a skateboard, speeding off a ramp, twisting, flipping, somehow landing with a rush of wind and wheels - and wonder that it somehow hasn't killed...
That response resembled the populist anger over the financial crisis and Wall Street bailouts. You say that even the term capitalism has now become a dirty word. It's amazing, Washington and Wall Street are the two most hated terms in America. This is what I don't understand - you hear these Wall Street people talking about bonuses knowing that the public is outraged. They need to change the lexicon. Pay for performance. Merit pay. Alignment. There is a lexicon to connect Wall Street to those it serves, but they're not using...