Financial Times
Let’s stipulate that the $2bn trading loss at JPMorgan resulted from a strategy that was, in the words of chief executive Jamie Dimon “flawed, complex, poorly reviewed, poorly executed and poorly monitored”.
Financial Times
Let’s stipulate that the $2bn trading loss at JPMorgan resulted from a strategy that was, in the words of chief executive Jamie Dimon “flawed, complex, poorly reviewed, poorly executed and poorly monitored”.
Financial Times
On the face of it, this is good news for the little man. The most closely watched initial public offering in years – that of social media group Facebook – will reportedly include a dollop of shares earmarked for small investors.
Financial Times
Even as Mitt Romney was effectively crowned as the Republican party’s nominee to hallenge Barack Obama in the 2012 presidential elections, we received a grim reminder of the deteriorating condition of America’s two bedrock social welfare programmes. It arrived on Monday in the form of non-partisan reports from the trustees of Social Security and Medicare – and what worrisome news it was.
“[a] surprisingly modest account…Rattner has a journalistic talent for the telling detail, resulting in a memorable tale of life in the middle of the economic meltdown...Rattner deftly draws portraits of the inhabitants of "the Oval" and the West Wing...Rattner has proved himself a gifted chronicler.”
-Time Magazine
