Would you like to read something weird? Here is a Goldman Sachs press release headlined "OP-ED, THE HUFFINGTON POST – ARIANNA HUFFINGTON AND LLOYD C. BLANKFEIN DISCUSS OUR COMMON GOAL: EMPOWERING ENTREPRENEURS AND CREATING JOBS."
I mean, some of it is true! Goldman Sachs does indeed mentor women all over the world in creating small businesses, and their 10,000 Women project is actually one of the most interesting programs in the world. And then there's this: This past summer, The Huffington Post broke new ground in the way the media commonly report economic news. Frustrated by the relentless coverage of disaster, tragedy and scandal in traditional media sources, The [...]
Oh, the constant see-sawing of Michael Bloomberg from hero to villain! Remember how we were loving him again just last month when he made that big old matching donation to Planned Parenthood? Well, a lot has changed in a month.
• The hand-holding visit to Goldman Sachs, followed by the trip to Shake Shack with Goldman co-CEO Lloyd Blankfein, in the wake of the resignation-by-op-ed of Greg Smith? That went over quite poorly. Dude: you already held their hand, in the form of tens of millions of dollars in concessions. Also, the City even gave them the address of 200 West Street, which should have been 201 [...]
I have had an NYPD-issued press pass twice. In New York City, the press is "credentialed" by the police department, independently of the City, at its discretion. The process is slow and you have to go downtown for quite a while. Both times I have been very careful to play their game. You have to bring published clips, among their required materials, that prove you need to deal with things like "robbery scenes, fires, homicides, train wrecks, bombings, plane crashes, where there are established police or fire lines at the scene." Now I'm by no means a real reporter's reporter, but I succeeded both times by bringing past stories that [...]
By now, you will have tried to read Matt Taibbi's latest, which makes the case, which in my book was already made, that there should be criminal investigations at Goldman Sachs. I say "tried" because this is rough going. (And yes: Matt Taibbi, God bless!) And he's not wrong! Many of us have accustomed ourselves over the last few years to reading about regulatory whatnots and tranchey thingamabobs, and while it'll always be an uncomfortable second nature, at least writing about financial instruments follows some rules. But it's not the finance that's hard. For one, there's sentences like this one: "Each of the deals appears to represent a [...]
Goldman Sachs released a report today Wednesday for its clients about unemployment, and finds that extension of unemployment benefits in a recession does not actually make workers lazy and unwilling to work.
The Greek island known variously as Holy Ghost, The Island of the Father and the Son and the Holy Ghost, Holy Trinity, or just plain Trinity, owes its greatest renown, despite its lavish New Testamentish nomenclature, to the cameo role it played in the pagan classical age. This 12-acre slip of an atoll was a staging ground for the Persian armies laying siege to Thermopylae, the famed last stand of those hot, well-oiled Spartan souls hymned by our own latter-day Thucydides, Frank Miller. Now, however, Greek government officials are straining to find a way to convert Holy Ghost, and the nation's 6000 or so other island outcroppings into [...]
BREAKING NEWS UPDATE: We have just received word that an "icing" in fact has taken place among bros at Goldman Sachs. Our original statement of this morning that no icings have yet taken place at Goldman has been altered; we regret the error and also, wow, are you kidding? And here is the Wieden-Kennedy interoffice memo that is oddly pro icing. Suspicious! [UPDATE: Um, that memo has just been disappeared from the Voice's website. SUSPICIOUSER. ANOTHER UPDATE: here's the cache of the memo.]