Andrew Ross
Andrew Ross
break internal people reality silence
What I know is the reality of the internal struggle. You don't know who you can go to. ... There are people in silence right now. They can't speak. We need to break the silence.
money
We put all our money in this. It's a very entrepreneurial decision.
cheaper cleaner committed creates ethanol gas governor jobs practical prices reduce supporting
Governor (Rod) Blagojevich is committed to working to reduce gas prices by supporting ethanol as a practical alternative. It's a cleaner burning, cheaper alternative (than gasoline) and creates jobs in Illinois.
afford budget current gives hold hundred includes money move older projects reflects several waiting
The current budget reflects this administration's current priorities. They wanted a budget that gives more money to schools. The legislators have other priorities. The budget also includes money for older projects. Those projects that we can afford to move on, we will. There are several hundred projects on hold waiting for review.
fierce forgotten good-things
The blowback against a bailout of Lehman would have been fierce. It is often forgotten, but the prevailing wisdom the day after Lehman fell was that its collapse was a good thing.
government may economy
The failure of Lehman may have allowed the government to do more to prop up the economy than it otherwise could.
thinking stories should
I think you tell the story that has to be told. You tell the story that's the truth. You tell the story that readers will be interested in and should know about.
agency light fire
Debt, weve learned, is the match that lights the fire of every crisis. Every crisis has its own set of villains - pick your favorite: bankers, regulators, central bankers, politicians, overzealous consumers, credit rating agencies - but all require one similar ingredient to create a true crisis: too much leverage.
mean leader apologizing
In truth, a leader should either apologize, mean it and do something about it - or not apologize at all.
bailing failure fallen greater magnitude next orders politics risk truth version
In truth, in the fairy-tale version of bailing out Lehman, the next domino, A.I.G., would have fallen even harder. If the politics of bailing out Lehman were bad, the politics of bailing out A.I.G. would have been worse. And the systemic risk that a failure of A.I.G. posed was orders of magnitude greater than Lehman's collapse.
exactly invest lend money returns trade
When you can't lend or trade - and you can't invest with the leverage that juiced returns to support seven- and eight-figure bonuses - how exactly are you going to make money?
business five literally stay supposed york
My training really was at the 'New York Times,' you know. When I got there, I was literally supposed to stay there for five weeks, and I got lucky like nobody, you know, like nobody's business.
activism age behalf boards clearly directors engagement form helping rather seem simply taking toward work
In the age of activism that is clearly not going away, it would seem that some form of engagement from directors with shareholders - rather than directors simply taking their cues from management - would go a long way toward helping boards work on behalf of all shareholders rather just the most vocal.
abandoning believer breaking suspect system
I'm probably a believer in abandoning too-big-to-fail firms or breaking them up in some way so that the system can try to take care of itself. I imagine you're not going to get there, and therefore, I suspect regulation is what's going to be required.