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Wall Street Traders May Get A Pay Cut This Year -- Including At Goldman

Bloomberg | Christine Harper | Posted 05.25.2011 | Business

Wall Street traders, who typically receive the fattest year-end bonuses among bank employees, are poised to suffer the biggest pay cuts as revenue at ...

The Biggest Mistakes For First-Time Home Buyers

The New York Times | jennifer saranow schultz | Posted 05.25.2011 | Business

My husband and I are in the market to buy our first home. After looking for months, we were convinced last week that we had finally found a property t...

What Exactly Can Fix The Economy? Pundits Offer Few Solutions

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Pundits seem to agree that the anticipated Congressional deadlock won't help the economy. And yet they insist on proposing legislative solutions to th...

Mortgage Banker's Forecast: More Regulation Will Cost Consumers and Taxpayers

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Washington, D. C. is hot, but the rest of the nation is not when comparing our unemployment rates to the nation's capitol. "The largest over-the-month...

America's 10 Biggest Real Estate Deals: Manhattan Dominates

Daily Finance | Douglas | Posted 05.25.2011 | Business

As Google (GOOG) reportedly ponders buying its New York City headquarters for a cool $2 billion -- which would make it one of the largest real estate ...

Mohamed El-Erian: Why Political Gridlock Could Be Seriously Damaging To The Economy

Washington Post | Mohamed A. El-Erian | Posted 05.25.2011 | Business

With the two chambers of Congress split between Democrats and Republicans, the conventional wisdom likely to be repeated over the next few weeks is th...

Businesses Make 'Wish Lists' For Republicans, But Uncertainty Remains

The Huffington Post | William Alden | Posted 05.25.2011 | Business

This post has been updated. Big businesses have made "wish lists" for legislation they hope the now even more divided Congress will consider, the Wal...

California's Prop 19: The First Step Toward A National Marijuana Industry?

Daily Finance | Bruce Kennedy | Posted 05.25.2011 | Business

Will California's Proposition 19 get passed or go up in smoke? If approved, the controversial ballot measure would legalize most marijuana-related act...

Election Prediction Roundup: How The Gridlock Will Affect Business

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Depending on whom you ask, tonight's election will or will not affect the stock market. And depending on whom you ask, it will or will not help busine...

SEC Investigating Deal Between JPMorgan And Hedge Fund Magnetar

Pro Publica | Jesse Eisinger and Jake Bernstein | Posted 05.25.2011 | Business

The Securities and Exchange Commission is investigating whether JPMorgan Chase allowed a hedge fund to improperly select assets for a $1.1 billion dea...

Who's Leading The Probe Into The Foreclosure Crisis? The States

The New York Times | Joe Nocera | Posted 05.25.2011 | Business

Have you noticed that the lead dogs investigating the mortgage foreclosure mess are not any federal prosecutors or national bank regulators, but rathe...

Minimum Wage Increases Actually HELP Employment, Study Says

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Increasing the minimum wage does not aggravate unemployment, despite conventional wisdom to the contrary, a new study shows (hat tip to Economix). Ev...

Twitter Fight: Roubini Attacks Business Insider Over GDP Prediction

The Huffington Post | William Alden | Posted 05.25.2011 | Business

A wonkish spat erupted Friday between economist Nouriel Roubini and blogger Joe Weisenthal, all in 140 characters or fewer. It started Friday morning...

Will The Unemployed Sit Out The 2010 Election?

Bloomberg | Brian Faler | Posted 05.25.2011 | Business

Jackson, Michigan, is home to one of this year's most closely contested U.S. House races, with both candidates promising to bring jobs back to an area...

Aspen Dispatch: Measuring for Success

Steve Rohleder | Posted 05.25.2011 | Business
Steve Rohleder

I recently did a session at the Aspen Institute's Business and Society forum in NYC, with David Walker, former head of the GAO who is now leading a ne...

WATCH Banks Could Lose $97 BILLION From Mortgage Crisis

The Huffington Post | William Alden | Posted 05.25.2011 | Business

As investors try to get refunds for shoddily documented mortgage securities, banks could lose nearly $100 billion, according to one company's estimate...

Deutsche Bank Pays Investment Bankers More Than Goldman Sachs

Bloomberg | Gavin Finch | Posted 05.25.2011 | Business

Deutsche Bank AG, Germany's biggest bank, set aside more in compensation for employees of its corporate and investment bank in the first nine months o...

Business Book Of The Year Crowned

GalleyCat | Maryann Yin | Posted 05.25.2011 | Books

Raghuram G. Rajan won the Financial Times/Goldman Sachs Business Book of the Year Award for his book, Fault Lines. A £30,000 prize (approximately $47...

Corporations Guard Tax Loopholes, Stalling Corporate Tax Cuts

The Huffington Post | William Alden | Posted 05.25.2011 | Business

As President Obama considers lowering the corporate tax rate, an impediment to reform is the corporations who, in theory, stand to benefit. In short, ...

Henry Paulson: Lehman Brothers Had To Fail

CNBC | Jeff Cox | Posted 05.25.2011 | Business

The government let Lehman Brothers fail during the financial crisis because there was no other choice, former Treasury Secretary Henry Paulson said We...

Starting a Business Begins With Exit Planning and a Buy-Sell Agreement

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Charlie Spence's advice to prospective small-business owners is to visualize your exit before you start. But even if you are already in business, it is not too late plan your exit.

15 Annoying Retailer Habits: Daily Finance

Daily Finance | Amey Stone | Posted 05.25.2011 | Business

As the U.S. economy limps out of recession, retailers need to fight for every dollar. But the tactics they use to get customers to spend extra are cle...

Martin Wolf: Why U.S. Voters Are Like Heart Attack Patients

Financial Times | Martin Wolf | Posted 05.25.2011 | Business

An ambulance stops by the roadside to help a man suffering from a heart attack. After desperate measures, the patient survives. Brought into hospital,...

Sergey Aleynikov's Trial Will Not Expose Goldman Trading Secrets, Prosecutors Say

Wall Street Journal | Scott Patterson | Posted 05.25.2011 | Business

Goldman Sachs Group Inc. has always closely guarded the secrets of its lucrative high-speed trading system. Now the securities firm is getting a help...

Michael Lewis: Wall Street Dodging Reform By Shifting Traders

Bloomberg | Michael Lewis | Posted 05.25.2011 | Business

A few weeks ago we asked a simple question: Why are the same Wall Street banks that lobbied so hard to dilute the passages in the Dodd-Frank financial...