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Goldman Sachs conquers Europe

Goldman Sachs conquers Europe
This is the most remarkable thing of all: a giant leap forward for, or perhaps even the successful culmination of, the Goldman Sachs Project. It is not just Mr Monti. The European Central Bank, another crucial player in the sovereign debt drama, is under ex-Goldman management, and the investment bank's alumni hold sway in the corridors of power in almost every European nation, as they have done in the US throughout the financial crisis. Until Wednesday, the International Monetary Fund's European division was also run by a Goldman man, Antonio Borges, who just resigned for personal reasons. Even before the upheaval in Italy, there was no sign of Goldman Sachs living down its nickname as "the Vampire Squid", and now that its tentacles reach to the top of the eurozone, sceptical voices are raising questions over its influence. This is The Goldman Sachs Project. With these connections, it was natural for Goldman to invite him to join its board of international advisers.

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Preying on the poor Individually, the poor are not too tempting to thieves, for obvious reasons. Mug a banker and you might score a wallet containing a month's rent. Mug a janitor and you will be lucky to get away with the bus fare to flee the crime scene. BBC: Mario Draghi appointed as head of European Central Bank 24 June 2011Last updated at 12:04 Italy's Mario Draghi will take over at the ECB from Jean-Claude Trichet who will leave in October EU leaders have voted for Italy's Mario Draghi to follow Jean-Claude Trichet as the head of the European Central Bank. The European Parliament and the ECB board had already given their approval to Mr Draghi's appointment. Confirmation came after fellow Italian Lorenzo Bini Smaghi reportedly agreed to step down as an executive board member of the ECB.

UK trader becomes an Internet sensation Alessio Rastani said he went to "bed every night dreaming of a recession"His remarks made him an Internet sensationRastani is an amateur trader who says he uses his own money and has clientsHe believes people want to stop him talking about a coming financial storm London (CNN) -- Alessio Rastani went on a UK news channel on Monday to discuss where stock markets were heading. By Tuesday he was an Internet sensation. Was it that he said, as someone who bets against markets rising, that he "goes to bed every night dreaming of a recession?"

How China is ruled: Communist Party Communist Party The Chinese Communist Party's more than 80m-strong membership makes it the biggest political party in the world. Its tight organisation and ruthlessness help explain why it is also still in power. The party oversees and influences many aspects of people's lives - what they learn at school and watch on TV, even the number of children they are allowed. It is made up largely of government officials, army officers, farmers, model workers and employees of state-owned companies. It is unrepresentative of China as a whole. 47 Signs That China Is Absolutely Destroying America Have you ever watched a football game or a basketball game where one team dominates the other team so badly that calling it a "blowout" would be a huge understatement? Well, that is what China is doing to the United States. China is absolutely destroying America on the global economic stage. Once upon a time, the Chinese economy was a joke and the U.S. economy was the most powerful the world had ever seen. But over the past couple of decades the U.S. economy has decayed and declined while the Chinese economy has skyrocketed.

Interest Rate-Fixing Scandal Swindles Baltimore, Other Municipalities out of Millions of Dollars Amidst the financial crisis of 2008 and resultant recession, cities and states around the country lost millions of dollars on investments tied to the London Interbank Offered Rate (Libor). - Transcript Head: Interest Rate-Fixing Scandal Swindles Baltimore, Other Municipalities out of Millions of DollarsSubhead: Amidst the financial crisis of 2008 and resultant recession, cities and states around the country lost millions of dollars on investments tied to the London Interbank Offered Rate (Libor). Mario Draghi - current president ECB Mario Draghi (Italian pronunciation: [ˈmaːrjo ˈdraːɡi]; born 3 September 1947) is an Italian banker and economist who succeeded Jean-Claude Trichet as the President of the European Central Bank on 1 November 2011. He was previously the governor of the Bank of Italy from January 2006 until October 2011. In 2013 Forbes nominated Draghi 9th most powerful person in the world. Background[edit] He was born in Rome, where he studied at the Massimiliano Massimo Institute[2] and graduated from La Sapienza University under the supervision of Federico Caffè. Then he earned a PhD in economics from the Massachusetts Institute of Technology in 1976 with his thesis titled Essays on economic theory and applications, under the supervision of Franco Modigliani and Robert Solow.[3] He was full professor at the Cesare Alfieri Faculty of Political Science of the University of Florence from 1981 until 1994[4] and fellow of the Institute of Politics at the John F.

Sorry, but this trader's banking confession was no prank Trader Alessio Rastani shocked BBC viewers when said he ‘dreams of another recession'. Photograph: None/pixel8000 This week, an insignificant market trader and self-proclaimed financial self-help guru, Alessio Rastani, rocketed to stardom after speaking frankly on the BBC about the collapsing market and his plans to make money from it. Madame Bovary Madame Bovary (1856) is the French writer Gustave Flaubert's debut novel. The story focuses on a doctor's wife, Emma Bovary, who has adulterous affairs and lives beyond her means in order to escape the banalities and emptiness of provincial life. Though the basic plot is rather simple, even archetypal, the novel's true art lies in its details and hidden patterns.

Why do we take economists so seriously? It's the economists, stupid! While we were not waving but drowning in soggy flags, economic stuff was happening. Big stuff, though it could not break through the gooey queen-fest. In the news blackout that was the jubilee, other countries were reporting the meltdown of the Spanish banks, and thus, eventually, the euro. Robert Reich: Economic Storm Clouds Ahead Economic Storm Clouds Ahead Posted on Jun 2, 2013 By Robert Reich This post originally ran on Robert Reich’s Web page. Economic forecasters exist to make astrologers look good. [video] playfully invading Super Mario #goldman Draghi's austerity mandate Sign up | Login Welcome Map Feed Details Download Help About Blog name

Does Goldman Sachs really rule the world? - Views Updated: Thu, Sep 29 2011. 01 15 PM IST In a BBC interview that has gone viral thanks to You Tube, a financial trader named Allesio Rastani made a stunning claim: “The governments don’t rule the world. Goldman Sachs rules the world. Goldman Sachs does not care about this (European) rescue package, neither do the big funds.” Rastani left his interviewer shell shocked with other provocations.

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