Jeffrey Sachs in conversation at the Guardian Open Weekend. Here, he says that the cynicism that exists when it comes to the lives of the world's most vulnerable people can be shocking but he salutes the UK for adherence across the political spectrum to honour aid commitments
Showing posts with label Sachs. Show all posts
Showing posts with label Sachs. Show all posts
Saturday, April 14, 2012
Thursday, April 5, 2012
Goldman Sachs sells stake in Backpage trafficking website
http://www.nma.tv/
New York Times columnist and anti-human trafficking crusader Nicholas Kristof discovered that Goldman Sachs used to own 16 percent of Village Voice Media, which operates prostitution site Backstage.com.
Backpage.com has dominated the market for sex ads since Craigslist stopped running them. The site earns Village Voice Media $25.4 million a year. In his article, Kristof calls Backpage the "biggest forum for sex trafficking of under-age girls in the United States" and says that while many ads run in Backpage.com are for adult escorts, Backpage also "plays a major role in the trafficking of women or minors who are coerced" into prostitution.
Goldman Sachs was "mortified" when Kristof began his reporting, Kristof says, and began to "frantically" unload its Backpage shares. The day before his article was published on the New York Times website, Goldman called to report that it had signed an agreement to sell its shares to Backpage management.
A Goldman Sachs director sat on the Village Voice board for four years, but Goldman claimed it had no influence on the direction of the company. Wall Street bankers are frequent users of prostitutes. Perhaps Goldman was playing both side of the trade?
Saturday, March 24, 2012
The Goldman Sachs Muppets song: Client or Muppet? - Felix TV
Two Goldman Sachs "clients" take a look at themselves after Greg Smith's New York Times op-ed in this musical puppet number. A parody of the Oscar-winning song "Man or Muppet" rewritten by author and law professor Frank Partnoy.
Sunday, March 18, 2012
Shields, Brooks on Afghan Massacre, the Gingrich Factor, Goldman Sachs Op-Ed
Syndicated columnist Mark Shields and New York Times columnist David Brooks discuss the week's top political news including the political implications of civilian killings in Afghanistan, Newt Gingrich's chances of survival in the GOP race and the very public resignation by a Goldman Sachs executive.
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