Hundreds of millions of times a day, thirsty Americans open a can of soda, beer or juice. And every time they do it, they pay a fraction of a penny more because of a shrewd maneuver by Goldman Sachs and other financial players that ultimately costs consumers billions of dollars.
The story of how this works begins in 27 industrial warehouses in the Detroit area where a Goldman subsidiary stores customers’ aluminum. Each day, a fleet of trucks shuffles 1,500-pound bars of the metal among the warehouses. Two or three times a day, sometimes more, the drivers make the same circuits. They load in one warehouse. They unload in another. And then they do it again.
The Free World has been faced with a conundrum: how to oppose Israel’s occupation of the West Bank while making clear that it does not delegitimize Israel’s existence per se. The E.U.’s new guidelines forbiding financing or supporting Israeli Institutions in the West Bank may send the right message: the West stands behind Israel, but will never accept the occupation.
Surgeons may have a new way to smoke out cancer.
U.S. securities regulators took their boldest step yet in a long-running insider trading probe against Steven A. Cohen, declaring Friday they would try to bar the hedge fund mogul from managing other people's money.
