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Stocks soar, but not jobs
How long can the stock market and the job market keep heading in opposite directions?
If banks can be too big to fail, they can pay ahead for a future rescue
Barney Frank is a busy guy. Frank is the chairman of the US House Financial Services Committee, which has been furiously pumping out legislative bills dealing with America’s financial system and the crisis it brought upon itself. The Massachusetts Democrat has won his share of fights and lost a few along the way.
Looking for real recovery
Nearly two years into the state’s painful recession, the governor plans to hold an economic summit today.
Do the new rules pay off?
The compensation cops are all over the banking industry as you read this. Government is cracking the whip, or at least talking tough, about pay packages at banks and other companies that have been blamed for so much financial excess dragging down the entire economy.
Harvard University's money problems
How could so many smart people be so dumb with money? I spent the entire weekend wondering about that and didn’t come up with any great answers. Harvard University’s money management problems have gone from simply lamentable to something much harder to fathom.