“Oh, Joe!” Mervyn King, governor of the Bank of England, said to the Nobel laureate Joseph Stiglitz. It was Monday afternoon in an emptying auditorium across from the Empire State Building.
“Are you going?” Mr. Stiglitz asked.
Mr. King, a man who looks like his name should be Stamp Brooksbank or Delillers Carbonnel, apologetically nodded Read More
“My entire family, we try not to dwell on or think about the events of the last two or three years,” Ralph Cioffi, the former Bear Stearns hedge fund manager, said on a recent weekday. He was sitting in a low-rise office complex next to a car wash in suburban New Jersey. “I guess if Read More
“Every great general regrets the loss of even one of his soldiers,” the chief of communications for a major New York finance firm said this week. “But the loss of soldiers is inevitable.”
Wall Street’s regret for its role in the financial crisis—what contrition looks like, how it’s expressed, why it exists in the first Read More
Most of the candidates for Treasury Secretary, including Larry Summers and Bob Rubin, will be in Chicago today for a meeting between Barack Obama and his Transition Economic Advisory Board. But one much buzzed about potential pick, Timothy Geithner, the head of the New York Federal Reserve, is missing. A source familiar with Read More
Barack Obama promised change. And New York’s elite Democratic policy experts and political donors, at least, are going to get it.
“I don’t think it’s going to be a heavy New York administration like the last time,” said one prominent New York donor, referring to the prospect of an Obama presidency. “It’s a new Read More
The slow pace of bundler integration between the Obama and Clinton campaigns is picking up, however slightly.
On July 1, Obama’s national finance chair, Penny Pritzker, will be in New York for a series of meetings and fund-raising events with major Clinton bundlers, according to one Obama donor familiar with the plans. And Obama Read More
In search of a lift for the city’s sinking economy and morale, Mayor Michael Bloomberg is staging an extraordinarily lavish series of events designed to persuade Democratic National Committee officials to bring their 2004 convention to New York.
Mr. Bloomberg has also enlisted the help of a transplanted New Yorker-Bill Clinton-who has recorded a video Read More
There is a funny little ritual that senior Citigroup Inc.
executives go through these days when they introduce their colleague Robert
Rubin, the former U. S. Treasury Secretary. They’ll start with an insider’s
crack about his time at a “tiny little firm called Goldman.” They’ll finish
So it went on Oct. 17, Read More
I spent several weeks lately in countries that drive on the left, and a few times almost got run over from looking the wrong way as I stepped into the street, and when I was driving in New Zealand, two or three times I turned into the wrong lane of traffic–happily, not with any damaging Read More
The spring before their 25th reunions, Harvard College
classes publish a giant crimson-bound volume of classmates’ reports of a form
made familiar by Christmas letters: the overlong account in restrained,
enthusiastic tones about how pediatric medicine has been an adventure, or
quoting Thoreau while informing your readers that you now own three companies
and your Read More