DAILY BEAST TUMBLRS

9:47 AM, June 30th, 2012

Ex-Trader Dies in Courtroom
 After Verdict; Police Investigate Poison.

Police in Arizona are investigating whether or not self-poisoning may have caused the death of former Wall Street trader Michael Marin in a Phoenix courtroom on Thursday. “They are leaning towards that,” said Maricopa County Sheriff’s Office spokesman Jeff Sprong. “We cannot verify that at this point and we’re not going to be able to until the toxicology report comes back in two weeks.” The 53-year-old former Wall Streeter was found guilty of arson on Thursday. Marin was heavily in his debt, and he quickly came under suspicion when his $3.5 million Pheonix-area mansion went up in flames in July of 2009. In video of Marin taken minutes after the verdict, Marin claps his hands to his face and appears to “put something in his mouth,” Sprong said.

Read it at New York Daily News

6:45 PM, March 7th, 2012
If Mitt Romney had been this bad at closing the deal when he was on Wall Street, he’d be homeless.
10:29 AM, January 9th, 2012

Frontpage: Monday, Jan. 9th

  1. Pay Cuts For Wall Street: Wall Street’s dismal year is about to hit home for traders. The Wall Street Journal reports that compensation is likely to fall to its lowest level since the 2008 financial crisis. 
  2. Mitt Holds Huge Lead in NH: The primary is tomorrow, but candidates and some journalists are already heading to South Carolina. Roney’s polling at 35% in the state, with Ron Paul in second at 18%. 
  3. Gingrich Prepares Romney Salvo: While Romney may have New Hampshire locked up, Gingrich will be waiting in South Carolina with a $5 million ad painting Romney as a predatory capitalist. 
  4. Iran Sentences American to Death: Iran has announced that it will sentence American Amir Mirzaei Hekmati to death for espionage. Iran claims Hekmati, a former marine, was sent by the CIA. 
  5. NBC & Daily Beast Team Up for 2012: NBC News and Newsweek & The Daily Beast announced a collaboration for the upcoming 2012 election. The magazine and Web site will have access to NBC News’ deep bench of political reporters and video content, as well as opportunities to work with NBC at national debates. 

Photo: Mourners throw rice, as is tradition, while guards carry the coffin of a Syrian officer at a funeral procession in front of Al-Hassan mosque in Damascus. The slain officer was one of 11 killed during a suicide bombing on Friday. (Muzaffar Salman / AP Photo)

Read more cheats

3:07 PM, November 14th, 2011

motherjones:

Hey, look! Congressional staffers turn out to be really good at predicting the behavior of stocks that their bosses legislate. Outside Capitol Hill, we might call that “insider trading.” Except US insider trading laws don’t apply to Congress.

Angry yet?

In this week’s issue of Newsweek: Congress is getting rich off Wall Street.

10:51 AM, April 21st, 2011

With a trading tradition that goes back to the days of camel caravans, Memons are, he says approvingly, “the Jews of Muslims,” and a fixture on Wall Street. Ditto Punjabis, who hail from the region straddling the India-Pakistan border, have long dominated India’s military, and tend to drift toward risk-taking fields like finance. (Prominent Punjabi-American bankers include MasterCard’s CEO Ajay Banga, who headed consumer banking at Citigroup.) “They’re physically less timid,” says Garg, who contrasts Punjabi freedom fighter Bhagat Singh, who “wanted to kill the English,” with the measured, nonviolent Mahatma Gandhi, who was Gujarati—a group less prevalent in finance.

The Raj Trial and Wall Street’s South Asian Elite

11:45 AM, April 12th, 2011

A little late, but here we go: this week’s cover! What you don’t see here: gorgeous shots from Robin Givhan’s piece on fashion designer Alexander McQueen’s haunting world, and a great Big Fat Story graphic on Wall Street’s pyramid of profiteers, from Rajat Gupta to David Sokol to Angelo Mozilo.

1:30 PM, April 1st, 2011
Fewer women seem to be climbing the corporate ladder on Wall Street these days:

Where are the heroines of Wall Street? They were so conspicuous when I entered the workforce—the “tiger lady” in Baby Boom (1987) who starts a multimillion dollar company while raising a child, or the Working Girl (1988) who rides the Staten Island Ferry and orchestrates a colossal M&A transaction. The women of my generation bounded onto Wall Street, assured we could raise our children while making millions (and, we did). The future looked bright. The ranks of Wall Street women swelled as we climbed the ladder, extending a hand up and down to other women. Then, something started to go terribly wrong.

Read more…

Fewer women seem to be climbing the corporate ladder on Wall Street these days:

Where are the heroines of Wall Street? They were so conspicuous when I entered the workforce—the “tiger lady” in Baby Boom (1987) who starts a multimillion dollar company while raising a child, or the Working Girl (1988) who rides the Staten Island Ferry and orchestrates a colossal M&A transaction. The women of my generation bounded onto Wall Street, assured we could raise our children while making millions (and, we did). The future looked bright. The ranks of Wall Street women swelled as we climbed the ladder, extending a hand up and down to other women. Then, something started to go terribly wrong.

Read more…

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