New York Magazine has an article up about Goldman Sachs; the only bank that is thriving despite the economic crisis.

The article’s introduction sets the tone: “Inside Goldman Sachs, America’s most successful, cynical, envied, despised, and (in its view, anyway) misunderstood engine of capitalism.”

Goldman Sachs is indeed envied, hated and despised, and all for one major reason: it’s successful. Those who hate success, especially success in a capitalistic society, can’t deal with the bank’s obvious strength. Especially the left has made it its personal mission to destroy the bank’s image. It pretends that the bank’s success is due to its tremendous political connections and nothing else.

The reality of the situation is, of course, that Goldman Sachs is not different from its main competitors. Well, not in this political regard, at least. They all have ties to the federal government.| MORE ›

The AP reports:

Voters will soon decide what Gov. Arnold Schwarzenegger described as two dire scenarios for California: One comes if they approve five budget-related measures on the ballot next week. The other is even worse if they reject them.| MORE ›

This is good news:

On the same day that the White House announced that overextended Chrysler would go into a “quick” bankruptcy — its loans rewritten by a judge to emerge for life another day — Senators defeated a proposal to allow bankruptcy judges to rewrite home loans.| MORE ›

Shortly after a 38-year old man staged an attack on the Dutch Royal Family on a national holiday called Queen’s Day, our own Joshua Livestro wrote a post about the matter, wondering whether it was an accident or whether the driver meant to kill innocent bystanders and, perhaps, even the royal family itself.

Days later, we know what happened:| MORE ›

The New York Times reports that Beijing is becoming increasingly nervous about its high stakes in America’s economic well being:| MORE ›