![]()
by Derek Loosvelt|November 21, 2013
Slowly and steadily, a national emergency has been emerging on our
nation's highways, and it has nothing to do with rising gasoline
prices and everything to do with the aging population of our
country's finest long haulers. That is, many of America's most
experienced truck drivers-integral cogs in the national freight and
shipping machine-are approaching retirement age, and there aren't
many wannabe young long haulers in line to take their place.
Read More >
![]()
by Derek Loosvelt|November 07, 2013
Last week, when I clicked on the headline, "Goldman Sachs Pushes
Junior Investment Bankers to Take Weekends Off," I assumed I'd be
sent to a URL containing the words Comedy Central, or Funny or Die,
or perhaps The Onion. Instead, to my surprise, I was taken to
Bloomberg.
Read More >
![]()
by Derek Loosvelt|October 09, 2013
Last week, the New York Times highlighted a recent study conducted
by two psychologists from the New School that apparently proves
that reading literary fiction can help you become a better
interviewee. Say you are getting ready for a blind date or a job
interview. What should you do? Besides shower and shave, of course,
it turns out you should read-but not just anything.
Read More >
![]()
by Derek Loosvelt|October 03, 2013
In a recent interview with online arts and political magazine
Guernica, George Packer, a staff writer for The New Yorker, talks
about his latest book, The Unwinding: An Inner History of the New
America, which was published earlier this year and was inspired, in
part, by "the failure of Wall Street, the failure of Washington,
[and] the bottoming out of the economy.
Read More >
![]()
by Derek Loosvelt|September 18, 2013
Five years ago this week, Lehman Brothers infamously filed for
bankruptcy, Merrill Lynch was force-fed to Bank of America, and 80
percent of AIG was purchased by the Federal Reserve Bank of
New York in exchange for $85 billion in debt in what was the
largest government bailout in U.S. history. In other words, this
week marks the fifth anniversary of the financial crisis of 2008.
Read More >
![]()
by Derek Loosvelt|September 11, 2013
Last week, Vault released its latest Vault Banking 50, a ranking of
the best investment banks to work for in North America. And for the
first time, a non-bulge-bracket bank ranked No. 1 in the rankings:
The Blackstone Group.
Read More >
![]()
by Derek Loosvelt|September 03, 2013
Earlier this year, Vault surveyed nearly 3,500 banking
professionals, asking them to rate their peer firms in terms of
prestige, as well as their own firms in several quality of life
categories, including compensation, hours, culture, business
outlook, training, and overall satisfaction. A weighted formula*
was then applied to these ratings to create the 2014 Vault
Banking 50-a ranking of the best firms to work for in investment
banking.
Read More >
![]()
by Derek Loosvelt|August 21, 2013
Last week, a 21-year-old Bank of America intern in London died
after reportedly working three all-nighters in a row.
Read More >
![]()
by Derek Loosvelt|August 14, 2013
Yesterday it was just a rumor but today it became official: the
U.S. has filed criminal charges against two ex-JPMorgan traders in
connection with a controversial trading position/scandal commonly
referred to, for its largesse, as the London Whale. The position (a
trade in credit derivatives) went extremely south last year and so
far has cost JPMorgan more than $6 billion. What the U.S.
Read More >
![]()
by Derek Loosvelt|July 18, 2013
To many people, the phrase "Wall Street" conjures a young Michael
Douglas, hair slicked-back, red suspenders over his shoulders,
manicured fingernails curled around a microphone, standing at the
head of a classroom filled with eager MBA students as the words
"Greed is good" proudly spews forth from between devil-red lips.
Read More >