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The New York Times

"’Things’ Doesn’t Cut It": NY Times

What’s Goldman Up to NOW? “Certainly, our industry is responsible for things. We’re a leader in our industry, and we participated in things that were clearly wrong and we have reasons to regret and apologize for.” –Lloyd Blankfein, Goldman Sachs chairman and chief executive (Nov. 17, 2009) It is widely and correctly understood that Wall...
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Surprise Recession Winner: Shoes (& Walking & Hiking)

Random Juxtaposition? Maggie Nesciur, 30, a waitress, walks up to 90 miles a week around New York’s neighborhoods. –“The Walker”; The New York Times (11/6/09) As the economy has inspired a back-to-basics mentality, with families dining and vacationing at home, people are focusing on free outdoor activities that require comfortable or rugged shoes. The cost-per-wear...
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Edina Home featured in NY Times

“What You Get For $1.1M” It’s always a kick when The New York Times’ weekly real estate feature, “What You Get For $_____ “, showcases a local home. That’s especially true when it’s as gorgeous as this one (the Dining Room is pictured above). The home, located at 5429 Woodcrest Drive, is about a mile...
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1930’s vs. 1990’s

Fascinating Juxtaposition The two photos above, from today’s New York Times, present a fascinating juxtaposition. The photo on the left shows FDR signing legislation — known as The Glass-Steagall Act — separating the nation’s investment banks from its commercial banks. It was the latter that held ordinary Americans’ savings deposits, and it was the former’s...
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Floyd Norris: ‘Save This Store’

Trickle-Down Economics, Wall Street-Style Floyd Norris, one of my favorite financial writers, ran a post earlier this week noting a recent London jewelry store burglary where the average bauble cost $1.5 million. That prompted this observation, “It will be hard for stores like this to stay in business if governments refuse to support bankers in...
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Roosevelt-Lite

“Making Bankers Mad” The Obama plan is little more than an attempt to stick some new regulatory fingers into a very leaky financial dam rather than rebuild the dam itself . . . Firms will have to put up a little more capital, and deal with a little more oversight, but once the financial crisis...
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