Posts Tagged ‘New York’


Before an embarrassingly admiring audience of US Senators, the mysteriously still-employed CEO of something called JPMorgan Chase, Jamie Dimon, summed up the pesky disappearance of a few billion in taxpayer-backed cash and ten times that in shareholder value thusly: “Importantly, our team has made real progress in aggressively analyzing, managing and reducing our risk going [...]

Book Saloon: high rise, by jerry adler

The process by which large skyscrapers get built, in and of itself, is a fascinating one, even in normal times.  But in an absurdly overheated market, with government “incentives,” overeager banks, and a Johnny-come-lately developer who ends up with an empty building and $200 million vanished, it becomes something else entirely. Part melodrama, part thriller, [...]