Andrew Ross
Andrew Ross
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I was always one of those people who would watch the Super Bowl as much for the sports as I did for the ads. I was always just sort of fascinated by the fact that when you turn on the TV, there was motion, there was moving pictures on it.
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I started, actually, in journalism when I was - well. I started at the 'New York Times' when I was 18 years old, actually, but really got into journalism when I was 15 years old and had started a sports magazine which was trying to become a national sports magazine.
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I don't want to put words in Geithner's mouth, but I think he is generally against the revolving door of government officials taking jobs with companies that they have overseen or in roles that involve lobbying. At minimum, I'm pretty sure he felt that way about himself.
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Here's the perversity of Wall Street's psychology: The more Wall Street is convinced that Washington will act rationally and raise the debt ceiling, most likely at the 11th hour, the less pressure there will be on lawmakers to reach an agreement. That will make it more likely a deal isn't reached.
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By now, it seems as if everyone has already read Thomas L. Friedman's 'The World Is Flat: A Brief History of the Twenty-First Century.' It changed the way we think about global business, competitiveness and the implication for far-flung economies, governments, education and more.
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As a child, I always enjoyed - my parents used to have these little cocktail parties - and I always loved trying to get the adults to tell me things they weren't supposed to say. And in many ways, that's what my job is today; it's getting people to tell me things that they probably are otherwise not supposed to say.
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The ethos on Wall Street has not changed, and that's not going to come from the corner office. That's going to come, for better or worse, from Washington, and the whole idea of greed is still good, that is still pervasive.
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In truth, Wall Street is in for a radical makeover. Fewer people, lower margins, lower risk, lower compensation - and ultimately, fewer talented people. It is likely to change the culture of an industry that for nearly a century has been the money center of the world.
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I got my start in the 'New York Times' because I used to read Stuart Elliot, the advertising columns. I still do. And I read him so religiously, I wanted to work for him before I died.
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Forget about banks that are too big to fail; the focus should be on cities, municipalities and countries that are too big to fail.
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The genre of narrative business books that I love so much - the ones that have a you-are-there quality - was invented, or so it is said, in 1982 by David McClintick, who wrote 'Indecent Exposure,' a rollicking good read about a Hollywood scandal and the ultimate boardroom power struggle at Columbia Pictures.
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Several companies have explicit policies against cronyism, with good reason. Hiring a family member simply for a relationship can be troubling and may not necessarily serve a company's interests. But by and large, financial firms in particular commonly hire people who have certain connections, whether through family or a business relationship.
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No one suggested Lehman deserved to be saved. But the argument has been made that the crisis might have been less severe if it had been saved, because Lehman's failure created remarkable uncertainty in the market as investors became confused about the role of the government and whether it was picking winners and losers.
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What keeps me up at night? Waking up to a scoop at another newspaper or on TV. I'm probably competitive, almost too much so. I will stay up till the Web sites at night roll over. And if they don't roll over, I'll stay up until it's done. I'll wake up at the crack of dawn, or in the middle of the night even, just to go and check and see.