SAC Capital Advisors LP fund manager Michael Steinberg’s insider-trading trial began with a Manhattan federal judge questioning about 100 potential jurors about their views on Wall Street, fund managers and financial fraud.
Peter Schiff lays an iPod-sized bar valued at about $40,000 on the sun room floor of his Connecticut mansion, and calculates it would cost about $250,000 for each floor tile to pave the room with gold.
As Bill de Blasio weighed a longshot run for New York City mayor, he needed help from people who shared his self-described activist-progressive views. He found it in a political consulting firm, hatched in a Manhattan sublet, where many on the staff are closer in age to his children than to him.
The alarm blaring in the New York headquarters of Amalgamated Bank, where the Democratic National Committee and Occupy Wall Street are clients, didn’t bother the two pinstriped executives sitting still with legs crossed.
Elizabeth Warren, Occupy Wall Street’s favorite senator, is getting another round of praise from liberals for a speech she gave at the AFL-CIO convention on Sept. 8. It’s one more reason the Massachusetts Democrat, just elected in November, is being mentioned as a future presidential contender.
Lobbying on Syria has inspired coalitions of the unlikely, aligning President Barack Obama with Sheldon Adelson, the Republican billionaire who spent about $70 million trying to defeat him last year, in the push for a military response to the use of chemical weapons.
David Graeber likes to say that he had three goals for the year: promote his book, learn to drive, and launch a worldwide revolution. The first is going well, the second has proven challenging, and the third is looking up.
Gayle McLaughlin marched in Occupy Wall Street protests and rails against “corporate domination.” Now, as mayor of Richmond, California, the largest U.S. city with a Green Party leader, she wants to seize home loans and make lenders take less than they’re owed to help residents.
A few hundred protesters briefly tied up Wall Street on the weekend of Sept. 17, some wearing face paint and many holding homemade signs. In weeks since the Occupy Wall Street movement has spread to San Francisco, Philadelphia, Dallas, Washington, and elsewhere.
Not all reaction to the Occupy Wall Street movement has been predictable. Jim Chanos, a hedge-fund chief, and Bill Gross, the highest profile bond-fund manager in America, expressed sympathy for the protesters.
Zuccotti Park, headquarters of Occupy Wall Street, is Manhattan's newest open-air exhibit, home to hundreds of populist protesters. While some people heap scorn on the group, others donate their time, passion, services, goods--and a lot of money.