Corporate Rogues Count on the G.O.P.
The myth of the moment is a recycled Naderite cliché, clung to by Republicans as they are inundated by the corporate crime wave. The G.O.P. may seem compromised by its twinship with Big Business, they...
View ArticleEBITDA Duh
What do you think of the market? The financial pundits have plenty of explanations, all of which have been eagerly accepted by the average investor. Much of the blame has been placed on the corporate...
View ArticleDragon’s Curse
Real-estate magnate and embattled WorldCom director Francesco Galesi has slashed $7 million off the asking price of his 55,000-square-foot Southampton waterfront castle, Elysium. Mr. Galesi-who now...
View ArticleThe Folly of Bulls and Bears: They Trust the Market’s Logic
A Mathematician Plays the Stock Market , by John Allen Paulos. Basic Books, 216 pages, $25. Having concluded that stock-price movements are entirely random, writer and mathematician John Allen Paulos...
View ArticleCNBC: Ebbers Gets 25-to-Whatever
As of this evening, CNBC is airing new “First on CNBC” commercials, touting the network’s scoop this afternoon on the sentencing of WorldCom chief Bernie Ebbers. But the spots are understating just how...
View ArticleNo ‘Dances of Joy’ Likely On Union Square’s Streets
As anyone who lives or works near Union Square Park can attest, cars and pedestrians—especially at the death-defying intersection of 17th Street and Broadway—sometimes don’t co-exist peacefully....
View ArticleNo ‘Dances of Joy’ Likely On Union Square’s Streets
As anyone who lives or works near Union Square Park can attest, cars and pedestrians—especially at the death-defying intersection of 17th Street and Broadway—sometimes don’t co-exist peacefully....
View ArticleCelebrity Roundup: Kimora Lee, Charles Grodin, and the $11 M Price Slash
After the Duke Semans mansion entered the market last summer, several other pricey properties came on with a $50 million asking price, including this one. Now, former WorldCom director Francesco Galesi...
View Article“Shareholder Value” Fetish Takes the Blame for the Crash
Roger Lowenstein is a rare commodity: a financial journalist with no apparent ax to grind, who seems to understand the people and institutions he covers, and is more often right than wrong on the big...
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