TEN years and a lifetime ago, Howard W. Lutnick was a prince of Wall Street. Forty years old, and already the head of a powerful financial house, he could peer down on rivals from his office on the 105th floor of One World Trade Center.
How much time should Raj Rajaratnam spend in prison? Rajaratnam is the hedge fund founder who was convicted in May of trading on illegal stock tips — tips that produced fantastic results for his Galleon Group
On the northern edge of Benton Harbor, just beyond the grim grid of housing projects, shuttered storefronts, boarded-up homes and junk-laden yards that dominate much of the town, sits an emerald oasis known as Harbor Shores.
When Barack Obama joined Silicon Valley’s top luminaries for dinner in California last February, each guest was asked to come with a question for the president.
When looking backward, you must always be prepared to make allowances: it is unfair to blame late-20th-century observers for their failure to foresee everything about the century to come. Long-term social forecasting is an inexact science even now, and in 1996 the founders of modern nonlinear socioeconomics were obscure graduate students.
Earlier this summer, I went for a swim at Barton Springs, a freshwater pool that lies at the geographical and spiritual center of Austin
Ever since the financial crisis started, we’ve heard plenty from the 1 percent. We’ve heard them giving defensive testimony in Congressional hearings or issuing anodyne statements flanked by lawyers and image consultants.
One afternoon last August, at a hospital on the outskirts of Los Angeles, a former beauty queen named Emma Coronel gave birth to a pair of heiresses. The twins, who were delivered at 3:50 and 3:51, respectively, stand to inherit some share of a fortune that Forbes estimates is worth a billion dollars.
Last year, during his best three-month stretch, Jordan Golson sold about $750,000 worth of computers and gadgets at the Apple Store in Salem, N.H. It was a performance that might have called for a bottle of Champagne — if that were a luxury Mr. Golson could have afforded.
Patsy Prater’s office looks like something between an executive’s and a teacher’s, her large desk crowded with neat piles of grant applications and daily logs but also with dishes of candy and other freebies for the young and old who pass through.