Word: york
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...belief, rooted in his beginnings as an unwanted child, that life is unfair, truth is relative, identity is malleable, and people are, ultimately, alone. This makes him a bad husband - and an excellent adman. When his firm does a public-image campaign for the company about to raze New York City landmark Penn Station, he lays out a pitch that could be his personal creed. "If you don't like what is being said, change the conversation," he advises. What distinguishes America, he says, is its ability to erase the past: "Change is neither good or bad. It simply...
...setting off a string of massive bailouts, underlings informed the investment bank's CEO that Lehman should get out of real estate before the credit bubble burst. Fuld ignored them. So while the bank's chief loaded up on overpriced property from the 31st floor of Lehman's New York City headquarters, his bond traders were downstairs shorting shares of mortgage brokers. Lawrence G. McDonald was one of those traders, and in his rendering of Lehman's demise--nimbly told with novelist Patrick Robinson--the bond traders are the smart guys, the real estate dealmakers are the bad guys...
...kind of like being a motivational speaker in a hospice.' BILL KELLER, executive editor of the New York Times, on discussing the fragile state of the newspaper industry...
Sources: CBS; New York Times; Reuters; AP; Crain's New York Business; New York Times...
Lots of people never made it to Woodstock, in part because the 400,000 who did caused the most famous traffic jam in New York history. But for those of us who missed it because of the inconvenience of having not yet been born, the concert's 40th anniversary is instinctively less a cause for celebration than an excuse to plug our ears. We know the basics - or think we do. It was three days of music, peace, love and nudity remembered with greater clarity by those who weren't present than those who were. For decades, our boomer elders...