April 2, 2014 |
At a time when public trust in Wall Street already is at a low, new allegations about high-speed stock trading threaten to further erode confidence in the financial markets. The furor centers on accusations that professional traders armed with ultra-fast computers have rigged the stock market. High-speed firms engage in what critics say amounts to insider trading, using super-charged systems to decipher trading patterns. Criticism of high-frequency trading has long swirled in financial circles, and multiple regulators are conducting investigations.
September 17, 2012 |
It was the advice of relatively junior aides and the memory of the U.S. standing idle during the Rwandan genocide of the 1990s that helped push President Obama toward the bombing of Moammar Kadafi's army, which staved off a potential slaughter in the undefended city of Benghazi, Libya, last year, according to a Vanity Fair article. The article by Michael Lewis portrays Obama as an introspective soul, who purportedly pays little heed to political ramifications in making the biggest decisions, finds wisdom outside the regular centers of power and focuses on some of his most important decisions by writing.
November 13, 2011 |
Growing up in New Orleans, writer Michael Lewis learned three lessons that stuck with him for life: Success and happiness are very different things. Never become a lawyer. You don't need to come from a bookish environment to know how to spin a helluva story. Maybe the storytelling part, Lewis speculates, stems from another thing New Orleans taught him. With its Creole-Cajun culture and hedonistic ethos, the Crescent City schooled him to view his native country like a skeptical foreigner trying to make sense of outlandish things that appear normal to the rest of America.
CALIFORNIA | LOCAL
April 30, 2011 |
Jennifer Egan's Pulitzer-winning novel "A Visit From the Goon Squad" and Michael Lewis' "The Big Short: Inside the Doomsday Machine," which tells the story of savvy investors who foresaw the financial meltdown and cashed in on it, were among the winners Friday at the 31st annual Los Angeles Times Book Prizes. The awards to Egan in the fiction category and to Lewis in current interest were among a dozen handed out in a ceremony at The Times' Harry Chandler Auditorium, kicking off the Festival of Books this weekend at the University of Southern California.
April 11, 2010 |
With "The Big Short" at No. 1 on the L.A. Times bestseller list and two No. 1 books on the New York Times' lists -- his tale of Wall Street's recent meltdown and "The Blind Side" -- Michael Lewis is certainly surfing the zeitgeist these days. In "The Big Short," he follows a tiny handful of savvy investors who saw the subprime mortgage crisis coming and placed bets on the coming collapse. As their detective work unfolds, Berkeley-based Lewis, 49, reveals how that market worked: Investment firms packaged high-risk loans into securities and persuaded the ratings agencies to give them a low-risk Triple A rating.
June 2, 2009 |
I have to admit that when Michael DeLuca called me earlier this year, saying he was finally going to get "Moneyball" made into a movie, I figured he must've been smoking the proverbial Hollywood crack pipe. Anyone who loves baseball has read Michael Lewis' bestseller about how Oakland A's General Manager Billy Beane almost single-handedly upended the traditional way baseball evaluates athletic talent.