Archive for November 1st, 2009

The Secrets To Goldman Sachs’ Success: Contrary Bets, Predatory Lending, Government Connections, Offshore Tax Havens

McClatchy : WASHINGTON — In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting. Read the whole story: McClatchy

Report: More Americans Gaining Weight, Eating Poorly During Recession

Wall Street Journal : In an online survey this summer of 1,200 people about food affordability, conducted by food-industry research firm Technomic, 70% of respondents said healthier foods are increasingly difficult to afford. Read the whole story: Wall Street Journal

Supreme Court To Hear Case About Excessive Pay; Parallels Seen In Executive Compensation

Washington Post : The Supreme Court this week will hear a case that raises bedrock questions about the ability of the market to set “reasonable” corporate compensation, and experts say its outcome could hold important clues about the judiciary’s view of extraordinary interventions in the economy by the executive branch and Congress. Read the whole story: Washington Post

UK Study: Illegal Music Downloaders Also Spend The Most On Music

The Independent : People who illegally download music from the internet also spend more money on music than anyone else, according to a new study. Read the whole story: The Independent

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