Bernie Madoff, age 71, sentenced to 150 years in jail

Bernie Madoff gets 150 years in the slammer for orchestrating the biggest Ponzi scheme in history and his wife, Ruth, has to sell her beach houses, jewelry and furs. Tear. (NYT) Apple CEO Steve Jobs is back to work after a scary liver transplant two months ago. (Forbes) Ivy League endowment funds have shown steep …

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How can Goldman Sachs afford year-end bonuses in a recession?

Two noteworthy stories chronicling the hegemonic position of the Goldman Sachs Group appeared last week. The first was a scoop by The Guardian about an internal announcement regarding the record bonuses that Goldman will pay at the end of 2009, assuming that the company’s year-end profit projections are borne out. The second piece was a …

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Sanford-watch, day 6

Disgraced South Carolina Governor Mark Sanford stubbornly won’t give up his post. (We’re taking bets whether his wife will be standing by him when he does it.) (NYT) Ponzi schemer Bernie Madoff goes to court today to receive his punishment, which will likely be a life sentence. (Bloomberg) Supreme Court Justice David Souter will decide his …

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Countdown to Sanford’s resignation, day 3

South Carolina Governor Mark Sanford isn’t leaving the headlines just yet. Turns out, he visited his mistress in Argentina on a taxpayer-funded mission. Here’s the real question: why does the governor of South Carolina need to take a “business development trip” to Argentina? (NYT) Not to be overshadowed in the news by someone with a …

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LittleSis is growing!

And not just the database. Over the past two weeks, the LittleSis team has added three new members: Ellen Przepasniak, a (recovering?) print journalist, will be coordinating communications efforts and making regular appearances here at Eyes on the Ties; Erin Heaney, a community organizer, will be coordinating special projects, on-site and off; and Kyle Stone, …

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A.I.G. releases a payment plan

A.I.G. fully intends to pay back the Federal Reserve Bank of New York … eventually. (NYT) First Spitzer, then Ensign, now Sanford.  Politicians just can’t seem to keep it in their pants. (NYT) The auto industry isn’t out of the economic fog just yet.  Toyota’s brand new president, Akio Toyoda, predicts two more tough years before a …

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New York Times is on Pimco’s speed dial

On Sunday, The New York Times ran “Bill Gross of Pimco is on Treasury’s Speed-Dial,” a lengthy article on the cozy relations between PIMCO executives Bill Gross and Mohamed El-Erian and the Treasury Department. The piece had the confessional tone that is commonplace these days on the Times business page. To seek absolution for rapaciously …

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Big Oil back in Iraq

Iraq prepares to auction off oil contracts to foreign oil companies; Exxon Mobil and 34 others prepare to bid. (WSJ) Obama takes stronger stance, condemns Iran’s crackdown. (NYT) Citigroup to offer smaller bonuses, but will increase salaries by as much as 50%. (NYT) Missing SC guv was in Argentina, not hiking on the Appalachian Trail …

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Making a list, checking it twice

Littlesis recently welcomed a few new staff members and interns who have been working hard to add content to the site. They’ve created a few new lists that are worth checking out: The largest public pension plans in the country, including CALPERS and the New York Common Retirement Fund. The country’s largest private equity firms, …

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Goldman responds to bonus uproar

Goldman denies reports of huge bonuses; Blankfein says pay is based on performance. (NY Daily News) South Carolina governor‘s mysterious disappearance explained: he went for a walk in the woods. (WSJ) DC metro crash kills 7; NTSB investigates. (AP) Edsel, William, and the rest of the Ford family rallied around automaker as crisis deepened. (NYT) …

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Do you like our new look?

You may have noticed late last Friday we updated the LittleSis look. For months we’ve been asking our designer friends for help developing a site redesign plan, and we finally made our first steps towards implementing it. The changes so far aren’t exactly radical, but looking at the old design now makes us cringe a …

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Expose, investigate, indict

Lewis, Weill, other execs at bailed-out banks continued personal use of company jets after receiving federal aid. (WSJ) Golisano and Pigeon under investigation for political contributions by Responsible New York, Citizens for Fiscal Integrity. (NYT) Blago under investigation for seeking to influence student admissions at University of Illinois, other schools. (NYT) Stanford indicted. (Reuters) Draft …

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