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The Wall Street firm, which was publicly criticized a few weeks ago by one of its own for running roughshod over the interests of clients – dubbed “muppets” in internal speak – in the pursuit of profit, has now pulled off what looks like the trade of the year. But this one comes at the expense of its own shareholders. Commentary
After 10 years of civil war, Sierra Leone is at peace. Charles G. Taylor, the former president of Liberia and once a powerful warlord, was convicted April 26 by an international tribunal of 11 counts of planning, aiding and abetting war crimes committed in Sierra Leone during it's civil war in the 1990s.
Submitted by Tyler Durden on 03/22/2012 - 18:39 Auto Sales CDS China Consumer Sentiment Crude David Rosenberg Global Economy Housing Starts Iran Israel Merrill Michigan NAHB NFIB Payroll Data Personal Income recovery Rosenberg University Of Michigan Back in early 2011, even as the global economy was at best flatlining, the one goalseeked explanation to justify a levitating stock market (which was rising solely due to the short-term effect of transitory QE2 liquidity), was soaring corporate profitability (which only lasted as long as companies could trim some residual SG&A fat; they have now cut into the bone in terms of layoffs). This time around, with corporate margins having peaked, there had to be some other validation to explain away the "narrative" of the latest bout of central bank infused stock market levitation: it just happened that this time it was once again that old faithful, and always wrong, justification - decoupling.
Raw Feed: As Egypt gears up for its first-ever free presidential election on Wednesday, Cairo residents tell GlobalPost what they're looking for in their next president.
Steven D. Levitt is an economist. Stephen J. Dubner is a writer. They co-authored Freakonomics , a book about cheating teachers, bizarre baby names, self-dealing Realtors, and crack-selling mama’s boys. They figured it would sell about 80 copies.
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