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4 billion, due in large part to trading for its own account. He had been on a panel that afternoon with Carlos Slim, the Mexican billionaire, at Ted Forstmanntente, arms control talks, and Sino-American rapprochement virtually eliminated any real threat of war between hostile camps in Europe or East Asia. JACKSON Prosperity without Growth: Economics for a Finite Planet (London: Earthscan, 2009).

And so it is with Paulson, Geithner, Bernanke, and the dozens of public-and private-sector figures who populate this drama. The Swiss-born Ackermann was one of the most direct men I knew, a relentless competitor who was unafraid to exploit the perceived weakness of his rivals. For economists belonging to the tradition, economic development is not simply a matter of increasing income, which could happen due to a resource bonanza, such as striking oil or diamonds.

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The Japanese (and Americans) also failed to mention that this was only the fourth North Korean missile firing on record and only the second in the 1990s, five years after the test of the Nodong 1 in May 1993. Lehman was reeling, with net revenue plunging by a third when the Shearson units were sold; investment banking was down by nearly the same amount. He said the SEC had been working for a long time on detailed plans for handling a Lehman bankruptcy. That afternoon William Poole, the former president of the Federal Reserve Bank of St.

He had gotten only a few hours of sleep, having arrived home late after spending the day at the Wharton School in Philadelphia, where he had given a lecture in which he told the audience, Almost everyone at Lehman had heard the story about his vacation with James Tisch, the chief executive of Loews, and his family. McCain, who never asked me about Obama on our calls, kept his counsel while I updated him on the situation.

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