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Business And Economy

The Takeaway

Early Facebook Investors Can Start Selling Shares Thursday

Wednesday, August 15, 2012

When they do, the markets could be overwhelmed with a deluge of Facebook shares. Henry Blodget, CEO and editor-in-chief of Business Insider, explains what's in store.

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The Takeaway

Regulators and British Bank Reach Settlement Over Money Laundering

Wednesday, August 15, 2012

Standard Chartered has agreed to pay $340 million — a paltry sum next to the total figure linked to the banks Iranian clients. Jessica Silver-Greenberg, a reporter for The New York Times, explains the significance of the settlement.

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The Takeaway

The Dangers of Unilateralism for the U.S.

Tuesday, August 14, 2012

Is the "fiscal cliff" math, the denial-ridden presidential campaign and the whimsical pattern of federal regulations over the financial sector trying the patience of the rest of the world? Many believe that the unilateral style of the U.S. is driving the country out of its "number one" spot in the global economy.

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The Takeaway

No Criminal Charges for Goldman Sachs

Friday, August 10, 2012

The Wall Street bank Goldman Sachs has faced intense scrutiny for its alleged involvement in the types of dodgy mortgage deals that led to the 2008 financial crisis. But after an extensive investigation, the Justice Department has announced that won't prosecute Goldman Sachs or its employees for alleged wrongdoing.

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The Takeaway

Why More Banking Crises Are on the Way

Wednesday, August 08, 2012

Jim Rogers, an American investor and chairman of Rogers Holdings and Beeland Interest, has seen banking scandals in 2002. And in 2008. And he says the cyclical pattern of economic downturns will almost definitely produce one in the next year or two.

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The Takeaway

A Second Look at the Standard Chartered Accusations

Wednesday, August 08, 2012

Yesterday, New York's top banking regulator accused the British bank Standard Chartered of secretly helping the Iranian government to launder billions of dollars. Now other authorities investigating the bank are questioning just how expansive Standard Chartered's mistakes were.

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The Takeaway

Errant Trades Shake Up Wall Street

Friday, August 03, 2012

A massive trading glitch at the New York Stock Exchange this week may cost Wall Street brokerage and market maker Knight Capital as much as $440 million. Nathaniel Popper from our partner the New York Times joins us to discuss the scary event for investors.

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The Takeaway

Friday Follow: Olympics, Romney's Trip Abroad, and New Job Numbers

Friday, August 03, 2012

This week's Follow Friday includes a look back at the first week of the 2012 London Olympics, the responses to Romney's recent trip to Israel, the financial firm trading glitch, and the July job numbers. 

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The Takeaway

A Look at the Impending Post Office Default

Thursday, August 02, 2012

The United States Postal Service is approaching a $5 billion default. Suddenly, officials are saying we might have to drastically restructure our mail program, but the post office says it could all be avoided with a vote by the House of Representatives. Is there a solution in sight?

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The Takeaway

Has the American Retirement System Failed?

Tuesday, July 31, 2012

It’s been 30 years since the Individual Retirement Account model, or the 401(k), became the standard way for Americans to save for retirement. And it has failed — or so says Teresa Ghilarducci, professor of economics at the New School for Social Research.

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The Takeaway

The Great Game for Influence Over Central Asia

Monday, July 30, 2012

Two centuries ago, Russia and Britain fought a war of influence over a region that rarely makes headlines: Central Asia. Today, a new game of influence is taking place in that same region, this time between the U.S., Russia and China. 

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The Takeaway

Oversized Expectations for Newly Public Companies

Friday, July 27, 2012

Even though Facebook met its second quarter projections yesterday, Forbes pronounced that the earnings of Facebook represented the end of the internet bubble. Just how oversized are expectations for newly public companies?

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The Takeaway

Neil Barofsky: Washington's Ties to Wall Street Caused TARP's Failure

Tuesday, July 24, 2012

Neil Barofsky, the man put in charge of the Troubled Asset Relief Program (TARP), thought the Bush and Obama Administrations wanted a tough regulator. As Barofsky tells it, he couldn't have been more wrong.

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The Takeaway

The More You Know, the Less You Owe

Wednesday, July 18, 2012

Americans owe more than $1 trillion in student debt, and without the proper financial knowledge this debt will only increase over time. In order to find a solution to this problem, we must start at the source: high school students.

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The Takeaway

Historic Drought Means Rising Food Prices

Tuesday, July 17, 2012

One third of the Midwest is currently experiencing conditions of extreme drought. How is this affect farmers, food prices, and you?

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The Takeaway

The Glass Cliff: Marissa Mayer is Yahoo's New CEO

Tuesday, July 17, 2012

"The glass cliff" — it's a concept coined by two female University of Exeter professors that has since been used to analyze gender roles in senior leadership for companies that are struggling to keep above ground.

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The Takeaway

Are Banks Too Big to Prosecute?

Monday, July 16, 2012

The Justice Department is said to be preparing cases against financial institutions in response to the Libor scandal, but Barclays has signed a non-prosecution agreement and is paying a penalty of $450 million – not much for a company with over $50 billion in revenue last year. 

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The Takeaway

JPMorgan and Wells Fargo Release Earnings Reports

Friday, July 13, 2012

It has been a tumultuous year for big banks, and today is turning out to be no different. JPMorgan and Wells Fargo released their earnings reports today.

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The Takeaway

Wells Fargo to Pay $175 Million Settlement in Discrimination Lawsuit

Friday, July 13, 2012

A court has ruled that Wells Fargo will pay $175 million as a result of a lawsuit based on discriminatory actions of the firm from 2004 to 2009. The Assistant Attorney General for the U.S. Justice Department's Civil Rights Division talks about the recent court ruling and what it could mean for the sinister trend of discrimination in the banking industry.

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The Takeaway

Can a Robot Do Your Job?

Wednesday, July 11, 2012

The 18th century saw the threshing machine; now, it's the 3D printer and the self-driving car. Then, it was brute force; now, it's problem-solving skills and artificial intelligence. So how do we save our jobs from the impending robot workforce?

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