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Economy

The People vs. Goldman Sachs

May 15th, 2011  |  Source: Rolling Stone

A Senate committee has laid out the evidence. Now the Justice Department should bring criminal charges

They weren't murderers or anything; they had merely stolen more money than most people can rationally conceive of, from their own customers, in a few blinks of an eye. But then they went one step further. They came to Washington, took an oath before Congress, and lied about it.

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The world's population pyramid is changing shape

May 14th, 2011  |  Source: Economist.com

THE world’s population will reach 7 billion by the end of October, according to the latest projections from the United Nations.


A True Finnish Spring

May 14th, 2011  |  Source: NYT.com

ONE of my best friends posted the first plea at 8:41 p.m. Finnish time last month: “Please, adopt me until I can find permanent living arrangements in America.” Other friends soon inundated Facebook with similar requests for refuge at my apartment in Brooklyn. They hunted for plane tickets, researched visa regulations and vowed to leave Finland for good.

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Gas Prices Around the World: Cheaper Than Water and $10 a Gallon

May 8th, 2011  |  Source: The Atlantic

 

Americans consider cheap gas a birthright. No wonder we blame Congress when the price of petro creeps toward $4. But compared to most of the developed world, the only thing amazing about $4 gas is that we think $4 gas is amazing. 

In most of Europe, four dollars is what you pay for half a gallon of gas or less. Denmark is flirting with $10/gallon thanks to high taxes and expensive fuel transportation. Meanwhile in Venezuela, gas is said to be cheaper than water.

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The dollar falls to its lowest value yet

May 4th, 2011  |  Source: Economist.com

 

Forty years of hurt

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Is America spending too much on homeland security?

May 3rd, 2011  |  Source: Economist.com

AMERICA has increased homeland security spending by more than $1 trillion in the decade since the 9/11 attacks. A new academic paper [ PDF] from John Mueller (of Ohio State University) and Mark Stewart (of the University of Newcastle in Australia) attempts to determine whether the return on investment justified those huge expenditures. They also ask whether policymakers ever considered anything remotely resembling a cost-benefit analysis before they spent all that money. The answer in both cases, it seems, is no:

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The Growth in Concierge Medical Care

May 1st, 2011  |  Source: NYT.com

 

FIVE years ago, Steven L. Glazer, an internal medicine doctor in Norwalk, Conn., told his thousand patients that he would no longer be able to care for them because he was going to focus on only a dozen, wealthy patients who could pay his annual fee.

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The $300 House Open Innovation Challenge

April 28th, 2011  |  Source: Christian Sarkar

Applying the world’s business brains to housing the poor


The Death of Reputation on Wall Street

April 28th, 2011  |  Source: FierceFinance.co

New York Times columnist weighs in with a provocative thesis about Wall Street firms and personal accountability. He suggests "reputation is dead on Wall Street." With that passing, the traditional source of personal accountability has also passed.

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