Word: wente
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Dates: during 2000-2009
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Shafir joined Citi last October from Lehman Brothers, shortly after that firm went bankrupt. Shafir says he in no way regrets the move, and has no plans to leave Citi anytime soon. "I'm here because I want to be," says Shafir. "I am very proud of this place...
...first thing that went through my head was, 'What do I do now?' " he said earlier this week from Boston. "It was disappointing to learn that I had to change plans and disappointing that I will have to postpone some of the things I was looking forward to." (See 25 people to blame for the financial crisis...
...time we finish high school, most of us know Henry David Thoreau as "the eccentric who went into the wild to live monastically," as Robert Sullivan puts it--an image that Sullivan, author of the rodent history Rats, says is entirely wrong. The man who penned Walden and Civil Disobedience was eminently sociable, quite funny and more interested in social critique than in actually persuading people to shun society and live in a shack in the woods. Walden was "written to inspire modern citizens to break out from the lockstep of culture and in so doing make a new connection...
...spirit endured through the '90s and the 2000s, all the way until the fall of 2008, like an awesome winning streak in Vegas that went on and on and on. American-style capitalism triumphed, and thanks to FedEx and the Web, delayed gratification itself came to seem quaint and unnecessary. So what if every year since the turn of the century the U.S. economy grew more slowly than the global economy? Stuff at Wal-Mart and Costco and money itself stayed supercheap! Even 9/11, which supposedly "changed everything," and the resulting Iraqi debacle came to seem like mere bumps...
...high end has already been transformed by the Wall Street crash. The end of the boom in the financial industry means that careers manipulating money will no longer be so seductive to such a disproportionate share of our best and brightest. Among the 2007 graduates of Harvard College who went straight to work, half the kids heading to banks and consultancies said that if money weren't an issue, they'd be embarking on different career paths, and the 20% of the class that went to work in public service, politics, the arts and publishing would instead...