Morgan

Dimon In The Rough
May 11, 2012

So let me get this straight. JP Morgan loses more $2 billion, reportedly thanks to the recklessness of a trader nicknamed “the London Whale” and “Lord Voldemort,” and all Morgan CEO Jamie Dimon has to say is “it was bad strategy, executed poorly”? Well, no, that isn’t precisely correct. Dimon also says he remains only “barely” a Democrat because the Democrats want excessive regulations, including the so-called “Volcker Rule” banning some types of proprietary trading.

The Prose and the Passion
July 13, 2010

A Great Unrecorded History: A New Life of E.M. Forster By Wendy Moffat (Farrar, Straus and Giroux, 404 pp., $32.50) Concerning E.M. Forster By Frank Kermode (Farrar, Straus and Giroux, 180 pp., $24) Whenever E.M. Forster is discussed, the phrase “only connect” is sure to come up sooner or later. The epigraph to Howards End, the book he described with typical modesty as “my best novel and approaching a good novel,” seems to capture the leading idea of all his work—the moral importance of connection between individuals, across the barriers of race, class, and nation.

The Prose and the Passion
July 13, 2010

A Great Unrecorded History: A New Life of E.M. Forster By Wendy Moffat (Farrar, Straus and Giroux, 404 pp., $32.50) Concerning E.M. Forster By Frank Kermode (Farrar, Straus and Giroux, 180 pp., $24) Whenever E.M. Forster is discussed, the phrase “only connect” is sure to come up sooner or later. The epigraph to Howards End, the book he described with typical modesty as “my best novel and approaching a good novel,” seems to capture the leading idea of all his work—the moral importance of connection between individuals, across the barriers of race, class, and nation.

Why Brandeis Matters
June 29, 2010

Louis D. Brandeis: A Life By Melvin I. Urofsky (Pantheon, 955 pp., $40) I. In 1916, Herbert Croly, the founder and editor of The New Republic, wrote to Willard Straight, the owner of the magazine, about the Supreme Court nomination of Louis Brandeis. Croly enclosed a draft editorial called “The Motive of Class Consciousness,” and also a chart prepared by a lawyer in Brandeis’s office showing the overlapping financial interests, social and business connections, and directorships of fifty-two prominent Bostonians who had signed a petition opposing Brandeis’s nomination.

BP And Our Kick-Ass President
June 21, 2010

My hunch is that the hemorrhaging of oil in the Gulf of Mexico won't end until...well, until it ends. By which I mean until the last drop rises to the surface and there is no more below. No, I don't know when that will be, and neither apparently do the hot shot execs at what President Obama (in another swipe at London) called British Petroleum or. for that matter, the president himself. Of course, no one really does.