In May 2007, when Barack Obama was but an upstart challenger of Hillary Clinton, he attended a gathering of several dozen hedge fund managers hosted by Goldman Sachs at the Museum of Modern Art in New York. It was not a fund-raiser, just a chance for Obama to introduce himself to the investment wizards who had helped turn the hedge fund sector into the most lucrative and alluring corner of the financial universe. And the first question for Obama was as blunt as one would expect from this crowd.
If you live in or around New York City, commuting to work hasn't been a lot of fun this week: Thousands of commuters into New York City confronted another round of potentially heavy delays on the Long Island Rail Road on Tuesday morning, a day after an electrical short in a pair of cables sparked a fire in a control tower, causing an almost total shutdown of train traffic for part of the day. ... Rail service was also temporarily suspended along the busy Northeast Corridor for the second time in less than two weeks because of an Amtrak power problem.
Snuffle. Snuffle. Snuffle. The little black nose is cold and wet on my arm. "Gracie, stop that!" media writer Michael Wolff scolds the small, spastic spaniel wriggling next to me on the sofa. Gracie tumbles to the floor, but Trixie the cat soon takes her place and delivers an exploratory head butt. "No. No. No. Come on," says an embarrassed Wolff, leaning out of his high-backed red chair and waving an arm. Wolff and I are seated in the living room of his comfy Upper East Side home.