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Yves Smith
Naked Capitalism is an American financial news and analysis blog that "chronicles the large scale, concerted campaign to reduce the bargaining power and pay of ordinary workers relative to investors and elite technocrats". Susan Webber, the principal of Aurora Advisors Incorporated - a management-consulting firm based in New York City - and author of ECONned, using the pen name Yves Smith, launched the site in December 2006. She focused on finance and economic news and analysis, with an emphasis on legal and ethical issues of the banking industry and the mortgage foreclosure process, the worldwide effects of the banking crisis of 2008, the 2007–2012 global financial crisis, and its aftermath. The site has had over 60 million visitors since 2007, and was cited as among CNBC's 2012 top 25 "Best Alternative Financial Blogs", calling Smith "a harsh critic of Wall Street who believes that fraud was at the center of the financial crisis". Background Webber graduated from Harvard ...
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Blog
A blog (a truncation of "weblog") is a discussion or informational website published on the World Wide Web consisting of discrete, often informal diary-style text entries (posts). Posts are typically displayed in reverse chronological order so that the most recent post appears first, at the top of the web page. Until 2009, blogs were usually the work of a single individual, occasionally of a small group, and often covered a single subject or topic. In the 2010s, "multi-author blogs" (MABs) emerged, featuring the writing of multiple authors and sometimes professionally edited. MABs from newspapers, other media outlets, universities, think tanks, advocacy groups, and similar institutions account for an increasing quantity of blog traffic. The rise of Twitter and other "microblogging" systems helps integrate MABs and single-author blogs into the news media. ''Blog'' can also be used as a verb, meaning ''to maintain or add content to a blog''. The emergence and growth of blogs i ...
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Sumitomo Bank
was a major Japanese bank based in Osaka and a central component of the Sumitomo Group. It merged with Sakura Bank on April 1, 2001 to form Sumitomo Mitsui Banking Corporation. History Sumitomo Bank was established as a private enterprise in November 1895 and reorganized as a limited company with 15 million yen of capital in March 1912. It opened numerous overseas branches during the World War I era as the Sumitomo ''zaibatsu'' business globalized. After World War II, the Sumitomo group was dismantled and its constituent companies were forbidden from using the Sumitomo name. The bank renamed itself Osaka Bank in October 1948. In December 1952, its name was changed back to Sumitomo Bank. Sumitomo was the main bank for several major Japanese manufacturers during the early postwar era, including NEC and Panasonic (Matsushita). In the 1970s, it lost nearly $1 billion in the restructuring of Osaka-based general trading company Ataka & Co., which, combined with the contemporaneous ...
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American Financial News Websites
American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, people who self-identify their ancestry as "American" ** American English, the set of varieties of the English language native to the United States ** Native Americans in the United States, indigenous peoples of the United States * American, something of, from, or related to the Americas, also known as "America" ** Indigenous peoples of the Americas * American (word), for analysis and history of the meanings in various contexts Organizations * American Airlines, U.S.-based airline headquartered in Fort Worth, Texas * American Athletic Conference, an American college athletic conference * American Recordings (record label), a record label previously known as Def American * American University, in Washington, D.C. Sports teams Soccer * Ba ...
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Philip Pilkington
Philip Pilkington is an Irish economist working in investment finance. He became well-known for his critiques of neoclassical economics on his blog ''Fixing the Economists''. Since then he has written a book entitled ''The Reformation in Economics'' outlining these critiques, developed an empirical methodology to assess general equilibrium theory and created a new means to estimate both potential output and inflationary pressure in the labor market. Life Pilkington was born in Dublin. He attended C.B.C. Monkstown. Pilkington received his Masters in Economics from Kingston University. His thesis focused on a stock-flow approach to asset price modelling and was subsequently published by the Levy Economics Institute. Works In his article "The Miracle of General Equilibrium" Pilkington argues that all of contemporary macroeconomics is dominated by general equilibrium theory. He argues that both the New Keynesian and New Classical schools take as their starting point the assumpti ...
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Harry Shearer
Harry Julius Shearer (born December 23, 1943) is an American actor, comedian, writer, musician, radio host, director and producer. Born in Los Angeles, California, Shearer began his career as a child actor. From 1969 to 1976, Shearer was a member of The Credibility Gap, a radio comedy group. Following the breakup of the group, Shearer co-wrote the film ''Real Life'' (1979) with Albert Brooks and worked as a writer on Martin Mull's television series ''Fernwood 2 Night''. Shearer was a cast member on ''Saturday Night Live'' between 1979 and 1980, and 1984 and 1985. Shearer co-created, co-wrote and co-starred in the film '' This Is Spinal Tap'' (1984), a satirical rockumentary, which became a hit. In 1989, he joined the cast of the animated sitcom ''The Simpsons''; he provides voices for characters including Mr. Burns, Waylon Smithers, Principal Skinner, Ned Flanders, Reverend Lovejoy, Kent Brockman, formerly Dr. Hibbert, and more. Shearer has appeared in films including ''The Truman ...
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Le Show
''Le Show'' is a weekly syndicated public radio show hosted by satirist Harry Shearer. The program is a hodgepodge of satirical news commentary, music, and sketch comedy. Shearer, an impressionist known for his voice work on ''The Simpsons'', writes the sketches and usually performs all the voices. History The show first aired on December 3, 1983, and ran under various titles for several months before ''Le Show'' at the suggestion of a long-time friend of the host. A satire of a popular marketing trend at the time to add "Le" to product names such as the Renault 5 which was heavily promoted in the US as Le Car. Until April 14, 2013, for almost 30 years, ''Le Show'' usually originated live on Sunday mornings from "The Le Show Dome" (its reference for the studios) at KCRW in Santa Monica ("The city known around the world", Shearer says in his sign off, "as the home… of the homeless"). It is also frequently recorded at or broadcast from other NPR and public stations when Shea ...
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Gretchen Morgenson
Gretchen C. Morgenson (born January 2, 1956) is an American, Pulitzer Prize-winning journalist notable as longtime writer of the ''Market Watch'' column for the Sunday "Money & Business" section of ''The New York Times''. In November, 2017, she moved from the ''Times'' to ''The Wall Street Journal''. Early life and education Morgenson was born January 2, 1956, in State College, Pennsylvania. She graduated in 1976 from St. Olaf College in Northfield, Minnesota with a B.A. degree in English and History. Career She worked as an assistant editor with ''Vogue'' magazine, eventually becoming a writer and financial columnist. In 1981 she co-authored the book ''The Woman's Guide to the Stock Market'' and that same year joined the Wall Street stockbrokerage, Dean Witter Reynolds where she remained until January 1984. She returned to writing on financial matters at ''Money'' magazine and in late 1986 accepted an offer from ''Forbes'' magazine to work as an editor and an investigative b ...
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Roosevelt Institute
The Roosevelt Institute is a liberal American think tank. According to the organization, it exists "to carry forward the legacy and values of Franklin and Eleanor Roosevelt by developing progressive ideas and bold leadership in the service of restoring America’s promise of opportunity for all." It is headquartered in New York City. History and overview The Roosevelt Institute was created in 1987 through the merger of the Eleanor Roosevelt Institute and the Franklin D. Roosevelt Four Freedoms Foundation. In 2007, the Roosevelt Institute merged with the Roosevelt Institution, now known as the Roosevelt Institute Campus Network. It remains the non-profit partner to the government-run Franklin D. Roosevelt Presidential Library and Museum, the nation's first presidential library. In 2009, it expanded its mission with the launch of the Four Freedoms Center, a progressive policy think tank, and an economic policy blog. Felicia Wong, formerly of the Democracy Alliance, became the orga ...
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Bloomberg L
Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician and mayor of New York City (2002–2013) * Ramon Bloomberg (born 1972), American artist and film director Other uses * Bloomberg L.P., financial news and media company founded by Michael Bloomberg ** Bloomberg News, a news agency ** ''Bloomberg Businessweek'', weekly business magazine and website ** ''Bloomberg Markets,'' a monthly financial magazine ** Bloomberg Radio, a business radio network ** Bloomberg Television, a business news channel ***Bloomberg TV Canada ***Bloomberg TV Philippines ***Bloomberg TV Malaysia ** Bloomberg Terminal, desktop terminal and software widely used in the financial industry ** Bloomberg Data, API product using sftp or web service protocols to retrieve market data ** Bloomberg Government, online news service c ...
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New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital media, digital subscribers. It also is a producer of popular podcasts such as ''The Daily (podcast), The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones (publisher), George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won List of Pulitzer Prizes awarded to The New York Times, 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national "newspaper of record". For print it is ranked List of newspapers by circulation, 18th in the world by circulation and List of newspapers in the United States, 3rd in the U.S. The paper is owned by the New York Times Company, which is Public company, publicly traded. It has been governed by the Sulzberger family since 189 ...
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McKinsey & Co
McKinsey & Company is a global management consulting firm founded in 1926 by University of Chicago professor James O. McKinsey, that offers professional services to corporations, governments, and other organizations. McKinsey is the oldest and largest of the " Big Three" management consultancies (MBB), the world's three largest strategy consulting firms by revenue. The firm mainly focuses on the finances and operations of their clients. Under the leadership of Marvin Bower, McKinsey expanded into Europe during the 1940s and 1950s. In the 1960s, McKinsey's Fred Gluck—along with Boston Consulting Group's Bruce Henderson, Bill Bain at Bain & Company, and Harvard Business School's Michael Porter—transformed corporate culture. A 1975 publication by McKinsey's John L. Neuman introduced the business practice of "overhead value analysis" that contributed to a downsizing trend that eliminated many jobs in middle management. McKinsey has a notoriously competitive hiring process, ...
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