As the four-star general in charge of U.S. digital defenses, Keith Alexander warned repeatedly that the financial industry was among the likely targets of a major attack. Now he’s selling the message directly to the banks.
The New York Times’s Joe Nocera devoted his latest column to defending Ping Fu, the Chinese- American author of the factually-challenged memoir “Bend Not Break: A Life in Two Worlds.” Nocera set a curious task for himself: Fu’s shaky relationship with the truth is so well-known that there’s an entire Amazon forum devoted to debunking the book’s alleged lies, errors, contradictions and other sins.
In Tuesday's New York Times, Joe Nocera has a column on the troubled city of Woonsocket, Rhode Island. Nocera contends that the city of 41,000 is being forced toward bankruptcy by anti-tax lawmakers under the influence of ALEC, the controversial association of corporate donors and conservative state lawmakers.
The grown-ups (i.e., voters) will tell you, of course, that they don’t care who started it: They want it to stop. But there can be no truce in the nastiness of recent years between Democrats and Republicans until Joe Nocera apologizes for his New York Times column last week blaming it all on the Democrats.
“Forgive me,” began Charles Ferguson , the director of “Inside Job,” while accepting his 2011 Oscar for best documentary. “I must start by pointing out that three years after a horrific financial crisis caused by massive fraud, not a single financial executive has gone to jail, and that’s wrong.”
The U.S. Securities and Exchange Commission’s courtroom victory over ex-Goldman Sachs Group Inc. employee Fabrice Tourre is helping the agency turn the page on years of criticism that it isn’t holding Wall Street to account.