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...financial crisis than its closest rival, Goldman Sachs. In the past year, Goldman has dramatically ramped up its trading desk. That move has led to big profits in the past year but the firm has also opened itself up to bigger losses should its traders get things wrong. Based on its trading activity now, Goldman says it could lose as much as $250 million in a day should its bets go wrong, up 30% from a year ago. What's more, even though Goldman has become a bank holding company, like Morgan, it has done little to begin to attract...

Author: /time Magazine | Title: How the Financial Crisis Reshaped Morgan Stanley | 9/22/2009 | See Source »

...They’re wrong. Politicians exploit cultural differences, but conservatives’ concern with our culture, specifically the lack of two-parent households, is legitimate...

Author: By Brian J. Bolduc | Title: The Culture War | 9/21/2009 | See Source »

...Republican Party has gotten considerable mileage out of a narrative of cultural conflict that pits a snobbish, educated, costal [sic] elite against the hard-working, god-fearing denizens of the country’s heartland,” The Crimson wailed in an editorial, “The Wrong War,” on September...

Author: By Brian J. Bolduc | Title: The Culture War | 9/21/2009 | See Source »

...instance, you've gone up to the CEOs and essentially ambushed them with advice. How has that worked out for you? I'm very passionate about what I do. I will approach the CEO directly, I'll look them straight in the eye and say, "You're doing this wrong." They're always taken aback initially, and the people around them freak out. But I have gotten more business by being direct and honest than I ever got being obsequious and sycophantic...

Author: /time Magazine | Title: Pollster Frank Luntz, Warrior with Words | 9/21/2009 | See Source »

Well, were you paid for it? Was I paid? No. I welcomed the opportunity to get to know their product on an up-close and personal basis. Unfortunately, everything I had to offer was everything they didn't care about. I had the wrong car, I had the wrong watch, I had the wrong shirt, I had the wrong shoes. In the process of doing that research I figured out how ill equipped I was to interact with that very narrow sliver of American society...

Author: /time Magazine | Title: Pollster Frank Luntz, Warrior with Words | 9/21/2009 | See Source »

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