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Sebastian Mallaby
Sebastian Christopher Peter Mallaby (born May 1964) is an English journalist and author, Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations (CFR), and contributing columnist at ''The Washington Post''. Formerly, he was a contributing editor for the ''Financial Times'' and a columnist and editorial board member at ''The Washington Post''. His recent writing has been published in ''The New York Times'', ''The Wall Street Journal'', and the ''Atlantic Monthly''. In 2012, he published a Foreign Affairs essay on the future of China's currency. His books include ''The Man Who Knew'' (2016), ''More Money Than God'' (2010), and '' The World's Banker'' (2004). Early life Sebastian Mallaby was born in May 1964, the son of Sir Christopher Mallaby, who was Ambassador of the United Kingdom to Germany (1988–1993) and Ambassador of the United Kingdom to France (1993–1996), and Lady Pascale Mallaby.Andrew Hilton"More Money Than God" ''Financial ...
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Eton College
Eton College () is a public school in Eton, Berkshire, England. It was founded in 1440 by Henry VI under the name ''Kynge's College of Our Ladye of Eton besyde Windesore'',Nevill, p. 3 ff. intended as a sister institution to King's College, Cambridge, making it the 18th-oldest Headmasters' and Headmistresses' Conference (HMC) school. Eton is particularly well-known for its history, wealth, and notable alumni, called Old Etonians. Eton is one of only three public schools, along with Harrow (1572) and Radley (1847), to have retained the boys-only, boarding-only tradition, which means that its boys live at the school seven days a week. The remainder (such as Rugby in 1976, Charterhouse in 1971, Westminster in 1973, and Shrewsbury in 2015) have since become co-educational or, in the case of Winchester, as of 2021 are undergoing the transition to that status. Eton has educated prime ministers, world leaders, Nobel laureates, Academy Award and BAFTA award-winning actors, and ge ...
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Apartheid
Apartheid (, especially South African English: , ; , "aparthood") was a system of institutionalised racial segregation that existed in South Africa and South West Africa (now Namibia) from 1948 to the early 1990s. Apartheid was characterised by an authoritarian political culture based on ''baasskap'' (boss-hood or boss-ship), which ensured that South Africa was dominated politically, socially, and economically by the nation's minority white population. According to this system of social stratification, white citizens had the highest status, followed by Indians and Coloureds, then black Africans. The economic legacy and social effects of apartheid continue to the present day. Broadly speaking, apartheid was delineated into ''petty apartheid'', which entailed the segregation of public facilities and social events, and ''grand apartheid'', which dictated housing and employment opportunities by race. The first apartheid law was the Prohibition of Mixed Marriages ...
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Financial Times And Goldman Sachs Business Book Of The Year Award
''Financial Times'' Business Book of the Year Award is an annual award given to the best business book of the year as determined by the ''Financial Times''. It aims to find the book that has 'the most compelling and enjoyable insight into modern business issues'. The award was established in 2005 and is worth . Beginning in 2010, five short-listed authors each receive , previously it was . The award's principal partner was Goldman Sachs from 2005–2013, when it was known as the "''Financial Times'' and Goldman Sachs Business Book of the Year Award". McKinsey & Company supported the Business Book Award from 2014 until 2021, when it was known as the "''Financial Times'' and McKinsey Business Book of the Year Award". Since 2014, the Financial Times Business Book of the Year Award is presented at the same time as the Bracken Bower Prize for young business writers. Winners and shortlist Blue Ribbon () = winner 2005 The shortlist was announced 20 September 2005, and the winner ann ...
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Gerald Loeb Award
The Gerald Loeb Award, also referred to as the Gerald Loeb Award for Distinguished Business and Financial Journalism, is a recognition of excellence in journalism, especially in the fields of business, finance and the economy. The award was established in 1957 by Gerald Loeb, a founding partner of E.F. Hutton & Co. Loeb's intention in creating the award was to encourage reporters to inform and protect private investors as well as the general public in the areas of business, finance and the economy. Gerald Loeb Loeb first became known for his book ''The Battle for Investment Survival'', which was popular during the Great Depression and is still considered a classic. Born in 1899, Loeb began his investing career in 1921 in the bond department of a brokerage firm in San Francisco, California. He moved to New York in 1921 after joining with E. F. Hutton & Co., and became vice-chairman of the board when the company incorporated in 1962. The Wall Street Crash of 1929 greatly af ...
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Hedge Fund
A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as short selling, leverage, and derivatives. Financial regulators generally restrict hedge fund marketing to institutional investors, high net worth individuals, and accredited investors. Hedge funds are considered alternative investments. Their ability to use leverage and more complex investment techniques distinguishes them from regulated investment funds available to the retail market, commonly known as mutual funds and ETFs. They are also considered distinct from private equity funds and other similar closed-end funds as hedge funds generally invest in relatively liquid assets and are usually open-ended. This means they typically allow investors to invest and withdraw capital periodically based on the fund's net asset value, whereas pr ...
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Steve Pearlstein
Steven Pearlstein is an American columnist who wrote on business and the economy in a column published twice weekly in ''The Washington Post''. His tenure at the WaPo ended on March 3, 2021. Pearlstein received the 2008 Pulitzer Prize for Commentary for "his insightful columns that explore the nation's complex economic ills with masterful clarity" at ''The Washington Post''. In the fall of 2011, he became the Robinson Professor of Political and International Affairs at George Mason University. Education Pearlstein was raised in Brookline, Massachusetts, and graduated from Trinity College in 1973. Career He started out in journalism at the ''Concord Monitor'' and the ''Foster's Daily Democrat'', in New Hampshire. He was the founding publisher and editor of ''The Boston Observer'', a monthly journal of liberal opinion, and was a senior editor at Inc. magazine for two years. Pearlstein then joined ''The Washington Post'', where he has served as deputy business editor. Pearlstein wo ...
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Liar's Poker
''Liar's Poker'' is a non-fiction, semi-autobiographical book by Michael Lewis describing the author's experiences as a bond salesman on Wall Street during the late 1980s. First published in 1989, it is considered one of the books that defined Wall Street during the 1980s, along with Bryan Burrough and John Helyar's '' Barbarians at the Gate: The Fall of RJR Nabisco'', and the fictional ''The Bonfire of the Vanities'' by Tom Wolfe. The book captures an important period in the history of Wall Street. Two important figures in that history feature prominently in the text, the head of Salomon Brothers' mortgage department Lewis Ranieri and the firm's CEO John Gutfreund. The book's name is taken from liar's poker, a gambling game popular with the bond traders in the book. Overview The narrative of ''Liar's Poker'' jumps back and forth between two different threads. One thread is autobiographical: it follows Lewis through his college education, his hiring by Salomon Brothers (now a ...
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Michael Lewis
Michael Monroe Lewis (born October 15, 1960) Gale Biography In Context. is an American author and financial journalist. He has also been a contributing editor to '' Vanity Fair'' since 2009, writing mostly on business, finance, and economics. He is known for his nonfiction work, particularly his coverage of financial crises and behavioral finance. Lewis was born in New Orleans and attended Princeton University, from which he graduated with a degree in art history. After attending the London School of Economics, he began a career on Wall Street during the 1980s as a bond salesman at Salomon Brothers. The experience prompted him to write his first book, ''Liar's Poker'' (1989). Fourteen years later, Lewis wrote '' Moneyball: The Art of Winning an Unfair Game'' (2003), in which he investigated the success of Billy Beane and the Oakland Athletics. His 2006 book '' The Blind Side: Evolution of a Game'' was his first to be adapted into a film, '' The Blind Side'' (2009). In 2010, he r ...
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James Wolfensohn
Sir James David Wolfensohn (1 December 193325 November 2020) was an Australian-American lawyer, investment banker, and economist who served as the ninth president of the World Bank Group (1995–2005). During his tenure at the World Bank, he is credited with the focus on poverty alleviation and a rethink on development financing, earning him recognition as a banker to the world's poor. In his other roles, he is credited with actions that brought Chrysler Corporation back from the brink of bankruptcy, and also improving the finances of major United States cultural institutions, including Carnegie Hall and the Kennedy Center. He served two terms as President of the World Bank on the nomination of U.S. President Bill Clinton, and thereafter held various positions with charitable organizations and policy think-tanks including the Brookings Institution. He was born in Sydney, Australia, and was a graduate of the University of Sydney and Harvard Business School; he was also an Olym ...
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World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various vice ...
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New York Times Notable Book
''The New York Times Book Review'' (''NYTBR'') is a weekly paper-magazine supplement to the Sunday edition of ''The New York Times'' in which current non-fiction and fiction books are reviewed. It is one of the most influential and widely read book review publications in the industry. The offices are located near Times Square in New York City. Overview The ''New York Times'' has published a book review section since October 10, 1896, announcing: "We begin today the publication of a Supplement which contains reviews of new books ... and other interesting matter ... associated with news of the day." In 1911, the review was moved to Sundays, on the theory that it would be more appreciatively received by readers with a bit of time on their hands. The target audience is an intelligent, general-interest adult reader. The ''Times'' publishes two versions each week, one with a cover price sold via subscription, bookstores and newsstands; the other with no cover price included as an ...
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The Guardian
''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Guardian Media Group, owned by the Scott Trust. The trust was created in 1936 to "secure the financial and editorial independence of ''The Guardian'' in perpetuity and to safeguard the journalistic freedom and liberal values of ''The Guardian'' free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for ''The Guardian'' the same protections as were built into the structure of the Scott Trust by its creators. Profits are reinvested in journalism rather than distributed to owners or shareholders. It is considered a newspaper of record in the UK. The editor-in-chief Katharine Viner succeeded Alan Rusbridger in 2015. Since 2018, the paper's main news ...
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