Topic: Goldman Sachs Group Inc.
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National Spelling Bee: 10 winning business words
In the National Spelling Bee’s 85-year existence, a wide range of words have crowned the winners – from science words like ‘crustaceology,’ to musical terms such as ‘soubrette,’ and ‘appoggiatura.’ The list of winning words also includes several that could slide right into the pages of this newspaper’s business section. In honor of the 2012 Scripps National Spelling Bee, here are 10 business words from past years that have determined the champion. Will this year’s winning word make the list?
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Thirty ideas from people under 30: The Entrepreneurs
They are explorers and activists, artists and educators, farmers and faith leaders – even mayors. And they have trenchant suggestions on how to improve the world.
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Six ways the rich really do get richer
“Class warfare:” Lately this old term has been taking on new life as political theater, a way to rebuke Wall Street protestors, and, predictably, fodder for Fox News. According to Google, in just the last month alone, 3,870 articles have been published containing these words. Another way to express the concept of rich vs. not-so-rich is the expression, “The rich get richer and the poor get poorer.” It’s been around for a long time: According to Wikipedia, William Henry Harrison went there in 1840: “I believe and I say it is true Democratic feeling, that all the measures of the government are directed to the purpose of making the rich richer and the poor poorer.” I’m not going to take a stand on either side of the “class warfare” debate by saying that the rich do or don’t take unfair advantage of the rest of society. This is America, where we all have the potential to become rich. But I will say this unequivocally: The rich do get richer, or at least have the potential to. Let’s count the ways:
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World markets respond to US credit downgrade
Today is the first day that most stock exchanges have been open since ratings agency Standard & Poor's announced its US credit downgrade from a AAA rating to AA+. Here’s how world markets have responded so far:
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Election 101: Nine facts about Mitt Romney and his White House bid
Mitt Romney has been groomed to run for president. He has the look and the political lineage. He’s been a governor, the quintessential training ground. And he’s essentially never stopped running since he conceded his first White House bid three years ago.
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National Spelling Bee: 10 winning business words
In the National Spelling Bee’s 85-year existence, a wide range of words have crowned the winners – from science words like ‘crustaceology,’ to musical terms such as ‘soubrette,’ and ‘appoggiatura.’ The list of winning words also includes several that could slide right into the pages of this newspaper’s business section. In honor of the 2012 Scripps National Spelling Bee, here are 10 business words from past years that have determined the champion. Will this year’s winning word make the list?
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The Daily Reckoning
Facebook IPO: The end of an era
The failure of Facebook's public debut may signal the end of the pie-in-the-sky tech start up, as well as the possibility that the post-crisis recovery rally is screeching to a halt.
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Facebook stock still slipping as investors grow wary
The company has slipped to $91 billion in total valuation from its opening at $104 billion.
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Facebook stock falling again. What went wrong?
Facebook stock fell 7 percent in early trading Tuesday, after an 11 percent fall Monday. In challenging market environment, selling IPO of Facebook stock is like 'trying to get a jumbo jet to take off in turbulent weather.'
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Mitt Romney would be the wealthiest president ever, Forbes calculates
Forbes Magazine analyzed Mitt Romney's wealth, including investments, real estate, and cash. It found $230 million in assets, while the total for the Obamas is nearly $6 million.
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Horizons
HTC One X and HTC EVO 4G held up at US customs
The launch of the HTC One X and HTC EVO 4G is temporarily delayed – the byproduct of a patent snafu settled earlier this year by the International Trade Commission.
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Your employer may be pocketing your state income tax
Sixteen states now allow corporations to withhold state income taxes from employees and keep the money as an incentive for a business to locate to or remain in a state. That means that, in effect, employees pay personal income tax to their company rather than their state government.
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Facebook shareholders selling more shares
Facebook stockholder and hedge fund Tiger Global has decided to sell more than 23 million shares, up from 3.4 million a day earlier. Other big sellers of Facebook shares include Goldman Sachs, a Russian billionaire, and two Facebook insiders.
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Companies question whether Facebook ads pay
General Motors has withdrawn ads ahead of the social giant's IPO, and others are asking if Facebook can really monetize its users.
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Romney's former rivals gloss over earlier anti-Romney remarks
One by one — with the exception of holdout Ron Paul — the GOP also-rans have coughed up endorsements of their onetime rival.
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Chesapeake Energy: Carl Icahn as investor? Sure!
Chesapeake Energy CEO says he would welcome the activist investor who often calls for change in management. Shares of Chesapeake Energy have plunged nearly 40 percent in less than two months.
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JPMorgan reveals huge $2 billion trading loss
JPMorgan stock drops nearly 7 percent in after-hours trading. JPMorgan CEO Dimon blames 'errors, sloppiness, and bad judgment.'
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The Reformed Broker
Facebook stock: Why you can't have any
Facebook stock will be impossible to get unless you have a portfolio worth millions. There likekly won't be enough shares of Facebook stock for individual investors to partake.
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Stocks surge on strong US profits; Spain
The Dow jumped 194 points to close at 13115, its biggest gain in a month after promising signals about the profitability of US companies and a strong debt auction by Spain.
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Vox News
'Fox Mole' ousted: Whistle-blowing hero or disloyal self-promoter?
The Fox Mole, an insider who wrote horrible things about Fox News, has been identified and fired in a fresh parable about how new media tools are creating new workplace issues.
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The Circle Bastiat
2012: The year of the junk bond
The first quarter of 2012 will go down as the most active for junk bond issuance since 1980, when Thomson Reuters began keeping track, with 130 companies floating $75 billion in debt offerings.
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Robert Reich
Dallas Fed: Break up the big banks
According to the Dallas Federal Reserve, one of the nation's most conservative regional banks, taxpayers will be on the hook for another giant Wall Street bailout, and the economy won’t be mended, unless the nation’s biggest banks are broken up.
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Investment banking: Ex-Goldman critic to write book?
Investment banking tell all? Greg Smith, who tendered a scathing resignation letter to investment banking giant Goldman Sachs, is reportedly looking for a book deal.
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U.S. stocks mixed on a quiet day
U.S. stocks were mostly unchanged Wednesday, a calm day in the middle of a bumpy week. U.S stock on the Dow fell 45 points to close at 13124.
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Greg Smith to Goldman Sachs: A new era in Wall Street ethics
Greg Smith belongs to younger generations that put loyalty to values above loyalty to company. As young professionals ourselves, we believe his op-ed resignation from Goldman Sachs last week may well forecast a new era in ethics on Wall Street and in other workplaces.
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What the Apple dividend really pays out
The world's most valuable company, Apple, finally shares the wealth with investors. And Goldman Sachs tries to recover from the Greg Smith oped. The world of high finance is finally reckoning with its social purpose.
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Goldman resignation tip of iceberg
While Greg Smith's public resignation has attracted media attention, regulators and Wall Street insiders say Goldman Sachs' problems come as no surprise.
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Goldman Sachs culture 'toxic'? Letter confirms suspicions about Wall Street.
Polls show that Americans hold a very low opinion of Wall Street, and a damning public letter of resignation from a Goldman Sachs executive could only amplify that perception.
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Goldman Sachs executive resigns from 'toxic' bank
Goldman Sachs executive director offers his resignation in a scathing op-ed. He says Goldman Sachs' business culture is 'toxic and destructive.'
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Dow jumps 218 on market's biggest 2012 day
Bank stocks led the market to its biggest single day gain of 2012. The Dow rose 218 points to close at 13177, its highest close since 2007.







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