Andrew Ross
Andrew Ross
exactly invest lend money returns trade
When you can't lend or trade - and you can't invest with the leverage that juiced returns to support seven- and eight-figure bonuses - how exactly are you going to make money?
insider tightrope trading
Tiptoeing on a tightrope past insider trading laws may be deft and clever, but it doesn't make it right.
argument companies default everybody good money playing run safer skin stake true
There's a good argument to be made that companies that are private, where they're run by partnerships, where everybody has true stake in them and they're not playing with other people's money, that by default it's a safer system, because you really have skin in the game. You really own the company.
ends investors looking notice profits truth
Investors are sometimes too busy looking for profits to notice where the truth ends and the deception begins.
considered country puppet servant steered street wall
There are those on Wall Street and in the plutocracy who feel that Geithner is a hero who deftly steered the country from economic ruin. To many ordinary Americans, however, he is considered a Wall Street puppet and a servant of the so-called banksters.
austerity believe confidence crisis debt fiscal good governance government investor investors large moment patience pay says takes
The moment a large investor doesn't believe a government will pay back its debt when it says it will, a crisis of confidence could develop. Investors have scant patience for the years of good governance - politically fraught fiscal restructuring, austerity and debt rescheduling - it takes to defuse a sovereign-debt crisis.
agencies central create crisis ingredient lights match pick rating require similar villains
Debt, we've learned, is the match that lights the fire of every crisis. Every crisis has its own set of villains - pick your favorite: bankers, regulators, central bankers, politicians, overzealous consumers, credit rating agencies - but all require one similar ingredient to create a true crisis: too much leverage.
almost nature paranoid
I don't sleep well. I'm a very nervous - by my nature - anxious, almost paranoid person and reporter.
closing companies corporate country creating likely lower nice race rates reform requires sad sure tax theory tough whatever willing
Corporate tax reform is nice in theory but tough in practice. It most likely requires lower tax rates and the closing of loopholes, which many companies are sure to fight. And whatever new, lower tax rate is determined, there will probably be another country willing to lower its rate further, creating a sad race to zero.
considered higher list matter people self-esteem shallow shown studies various
There is a long list of psychology research demonstrating that appearances matter more than most us would care to admit. As shallow as it may be, better-looking people have been shown in various studies to have higher self-esteem and more charisma, are considered more trustworthy and are better negotiators.
allowed banks benefit business company corrupt daughters decision executives foreign hardly hiring maker personal powerful practice practices provide province return sons united
Under the Foreign Corrupt Practices Act, a company is not allowed to provide a personal benefit to a decision maker in return for business. But hiring the sons and daughters of powerful executives and politicians is hardly just the province of banks doing business in China: it has been a time-tested practice here in the United States.
advanced almost business economic education fetch given less lousy might money normal skills teachers work
In many ways, education is a lousy business. Teachers are not normal economic actors; almost all of them work for less money than they might fetch in some other industry, given their skills and advanced degrees.
behavior carbon change changed clever failed financial littered others plans street wall
Wall Street is littered with clever plans to use financial instruments to change behavior - carbon trading, for example. Some have changed the world, and others failed miserably.
people
It's the people who have an incentive to find the problem who usually find the problem.