Tag Archives: morgan-stanley

Bolitics: President Obama Has A Tough Time Rallying Support At NYC Fundraiser

President Obama definitely faces an uphill battle is his campaign for re-election in 2012. Although Obama raked in lots of cash last night from a dinner at the Upper East Side restaurant Daniel — where about 70 hedge-funders and other deep pocketed donors forked over $35,800 a head — it was big-time execs turning down the invitation who raised eyebrows. Both JPMorgan Chase chief Jamie Dimon and Citigroup boss Vikram Pandit had made it clear they would not attend the event, which was closed to the press. Also planning to skip the event were Blackstone Group President Tony James and its top real-estate exec, Jonathan Gray; Morgan Stanley CEO James Gorman and its president, Greg Fleming; and Goldman Sachs President Gary Cohn. “I think there are a lot of Wall Street-types who are unhappy,” said a financial exec who has supported Obama in the past. “Do I think everyone’s going to abandon the president? I’d say no — I’m not going to abandon him — but I get the sense he’s going to get far less support than he did in the past.” The POTUS is no dummy though, he has enough self-awareness to recognize his own dwindling popularity: “I know that it’s not going to be exactly the same as when I was young and vibrant and new,” he said. “Let’s face it, it was cool to support me back then [in 2008] . . . Now I’m sort of old news.” Additionally, Obama’s support amongst the gay community seems to be contingent on him taking a stance on gay marriage. Even Obama’s first stop, at the Sheraton Hotel and Towers, where as many as 600 gays, bisexuals and transgendered people paid at least $1,250 apiece, showcased the gap between the president and his base. Obama stopped short of calling for same-sex nups — disappointing some of his supporters. At one point, some hecklers shouted “Marriage!” To which Obama responded, “I hear you, guys. Believe it or not, I anticipated that.” He took pains to say he was raised to abhor discrimination. “I was born that way,” he said, an apparent riff on Lady Gaga’s gay anthem “Born This Way.” Has your opinion about President Obama changed after these past few years? Do you still plan to support him in the 2012 election?? Caption this picture of our stressed out Commander-In-Chief. Source

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Bolitics: President Obama Has A Tough Time Rallying Support At NYC Fundraiser

R.I.P. Jessica Harris, Teen Helped By Brandy Dies Months After Heart Transplant

Less than four months after Brandy helped her raise the funds needed to get a heart transplant, 17-year-old Jessica Harris has passed away. Harris, who lived in the same town of McComb, Mississippi, where Brandy was raised, died at a New York hospital on Thursday, Brandy said. The singer/actress started a campaign to raise funds for surgery to correct Jessica’s congenital heart defect after meeting Harris last year. The teen finally received the transplant in late February. “Jessica was and will always be an inspiration to our family. In the face of her illness, her courageous spirit and positive outlook gave us memories we will cherish for a lifetime,” the singer and her family said in a statement on Friday. “We were touched by the outpouring of generosity from the public when we set up a fund on her behalf to help cover her medical and travel expenses,” the statement added. Brandy thanked those who donated to the fund and the hospital that carried out the heart transplant — the Morgan Stanley Children’s Hospital in New York. Harris suffered from hypoplastic left heart syndrome, and was denied medical insurance through her father’s job because she was deemed to be suffering from a preexisting condition. So sad… Rest In Peace Jessica Source

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R.I.P. Jessica Harris, Teen Helped By Brandy Dies Months After Heart Transplant

R.I.P. Jessica Harris, Teen Helped By Brandy Dies Months After Heart Transplant

Less than four months after Brandy helped her raise the funds needed to get a heart transplant, 17-year-old Jessica Harris has passed away. Harris, who lived in the same town of McComb, Mississippi, where Brandy was raised, died at a New York hospital on Thursday, Brandy said. The singer/actress started a campaign to raise funds for surgery to correct Jessica’s congenital heart defect after meeting Harris last year. The teen finally received the transplant in late February. “Jessica was and will always be an inspiration to our family. In the face of her illness, her courageous spirit and positive outlook gave us memories we will cherish for a lifetime,” the singer and her family said in a statement on Friday. “We were touched by the outpouring of generosity from the public when we set up a fund on her behalf to help cover her medical and travel expenses,” the statement added. Brandy thanked those who donated to the fund and the hospital that carried out the heart transplant — the Morgan Stanley Children’s Hospital in New York. Harris suffered from hypoplastic left heart syndrome, and was denied medical insurance through her father’s job because she was deemed to be suffering from a preexisting condition. So sad… Rest In Peace Jessica Source

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R.I.P. Jessica Harris, Teen Helped By Brandy Dies Months After Heart Transplant

Ong Teng Koon Photo

Candidate is 34-year-old Ong Teng Koon, a Morgan Stanley commodities trader whose father is long-time MP Ong Ah Heng. Since 2009, Mr Ong Teng Koon has been involved in grassroots activities in Sembawang GRC. Age: 34 Occupation: Commodities trader with US bank Morgan Stanley Marital status: Married Highest educational qualification: Economics (first class honours) from London School of Economics and Masters degree in Finance from Princeton University Grassroots involvement: Active in Chong Pang

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Ong Teng Koon Photo

The Nation: Ron Paul’s Fight For Transparency

The Obama administration condemns WikiLeaks in the most extreme terms, with White House spokesman Robert Gibbs referring to the people involved in the leaking and distribution of diplomatic cables as “criminals,” and Secretary of State Hillary Clinton describing the latest WikiLeaks revelations as an ” attack on America's foreign policy interests.” Attorney General Eric Holder talks of using the Espionage Act and other tools to go after WikiLeaks founder Julian Assange. Democrats in Congress echo the criticisms — with Senate Foreign Relations Committee chair John Kerry ripping Assange for having done “real damage” to U.S. interests — or simply remain silent. Some are openly working with neoconservative Republicans to come up with new laws to restrict the flow of information about U.S. foreign policy, Is anyone in official Washington standing up for transparency? Is anyone saying that we should be more concerned about the revelations of wrongdoing than killing the messenger? Yes, if you count Texas Congressman Ron Paul as a resident of official Washington. The Texas Republican who has long been the sternest critic in Congress of the imperial ambitions of presidents of both parties, rejects the notion that WikiLeaks is the problem. “Rather than worry about the disclosure of embarrassing secrets we should focus on our delusional foreign policy,” argues Paul, who has run for the presidency as both the Libetarian nominee and a Republican primary candidate. “We are kidding ourselves when we believe spying, intrigue and outright military intervention can maintain our international status as a superpower while our domestic economy crumbles in an orgy of debt and monetary debasement.” Continued at: http://www.npr.org/2010/12/13/132021734/the-nation-ron-paul-s-stand-for-transpar… added by: Dagum

A Secretive Banking Elite Rules Trading in Derivatives

On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan. The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also share a common secret: The details of their meetings, even their identities, have been strictly confidential. Drawn from giants like JPMorgan Chase, Goldman Sachs and Morgan Stanley, the bankers form a powerful committee that helps oversee trading in derivatives, instruments which, like insurance, are used to hedge risk. In theory, this group exists to safeguard the integrity of the multitrillion-dollar market. In practice, it also defends the dominance of the big banks. The banks in this group, which is affiliated with a new derivatives clearinghouse, have fought to block other banks from entering the market, and they are also trying to thwart efforts to make full information on prices and fees freely available. more at link…. They rule more than derivatives, but if speak out about it, you're called “crazy” by the media propagandists they control. The Creature from Jeckyll Island rules your life! added by: rodstradamus

A Secretive Banking Elite Rules Trading in Derivatives

On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan. The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also share a common secret: The details of their meetings, even their identities, have been strictly confidential. Drawn from giants like JPMorgan Chase, Goldman Sachs and Morgan Stanley, the bankers form a powerful committee that helps oversee trading in derivatives, instruments which, like insurance, are used to hedge risk. In theory, this group exists to safeguard the integrity of the multitrillion-dollar market. In practice, it also defends the dominance of the big banks. The banks in this group, which is affiliated with a new derivatives clearinghouse, have fought to block other banks from entering the market, and they are also trying to thwart efforts to make full information on prices and fees freely available. more at link…. They rule more than derivatives, but if speak out about it, you're called “crazy” by the media propagandists they control. The Creature from Jeckyll Island rules your life! added by: rodstradamus

Can Twitter Change Chipotle’s Mandatory Bag Policy?

Image credit: Nesster /Flickr Jamming phone lines, fax machines or e-mail boxes with messages has been a key tactic ever since I first became an environmental activist. I remember one Senator telling me in 1994, before the internet existed as we know it today, before Facebook and Twitter and mass e-mails, that his staff was literally weighing the letters on a scale that we were sending from Sierra C… Read the full story on TreeHugger

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Can Twitter Change Chipotle’s Mandatory Bag Policy?

Banks Saying No To King Coal, Massey Energy

photo via flickr Good news from the world of finance. Over the last two years, Bank of America, Citi, JPMorgan Chase, Wells Fargo, Credit Suisse, and Morgan Stanley have adopted policies to limit their financing of companies involved in the practice mountaintop removal (MTR) coal mining. Wells Fargo is the latest to shift, showing that coal’s best days are behind it…. Read the full story on TreeHugger

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Banks Saying No To King Coal, Massey Energy

Bank of England Governor Mervyn King (along with everyone else) says: "World’s worst financial crisis ever."

Bank of England Governor Mervyn King says: We are still halfway through the world’s worst financial crisis ever. He is in good company. The following experts have said that the economic crisis could be worse than the Great Depression: Fed Chairman Ben Bernanke: ( http://www.washingtonsblog.com/2009/07/even-bernanke-admits-this-could-be.html ) Former Fed chairman Alan Greenspan:( http://www.reuters.com/article/idUSTRE61M4B120100223 ) (and see this: http://preview.bloomberg.com/apps/news?pid=newsarchive_en10&sid=a1aLQ51QXlDA ) Former Fed Chairman Paul Volcker: ( http://www.cnbc.com/id/29304047 ) Economics scholar and former Federal Reserve Governor Frederic Mishkin: ( http://www.cnbc.com/id/26850473 ) Economics professors Barry Eichengreen and and Kevin H. O’Rourke ( http://www.washingtonsblog.com/2009/04/economics-professors-global-crash-worse.h… ) (updated here: http://www.voxeu.org/index.php?q=node /3421) Nobel prize winning economist Joseph Stiglitz: ( http://www.msnbc.msn.com/id/21134540/vp/29104759#29104759 ) Investment advisor, risk expert and “Black Swan” author Nassim Nicholas Taleb: ( http://www.washingtonsblog.com/2009/05/taleb-global-crisis-vastly-worse-than.htm… ) Well-known PhD economist Marc Faber: ( http://www.washingtonsblog.com/2009/01/marc-faber-i-think-it-might-be-far.html ) Former Goldman Sachs chairman John Whitehead: ( http://www.reuters.com/article/idUSTRE4AB7HT20081112 ) Morgan Stanley’s UK equity strategist Graham Secker: ( http://www.chartingstocks.net/2009/03/morgan-stanley-predicts-economic-collapse-… ) Former chief credit officer at Fannie Mae Edward J. Pinto: ( http://thebulletin.us/articles/2009/01/29/business/doc498155695e915629914618.txt ) Billionaire investor George Soros: ( http://www.reuters.com/article/idUSTRE51K0A920090221?sp=true ) At: http://www.prisonplanet.com/mervyn-king-worlds-worst-financial-crisis-ever.html added by: Dagum