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The Huffington Post | Full News Feed:
An article in next month's Atlantic asks, "Is porn recession proof?" According to porn magnate Larry Flynt and "Girls Gone Wild" king Joe Francis, the answer is no.TMZ reports that the pornographer pair is heading to Washington to ask for a $5 billion porn bailout:"With all this economic misery and people losing all that m (Read More)
Topics:
bailout,
hedge fund
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feeds.reuters.com:
Wilbur Ross is still in the running for a bank, although his plans to buy one were delayed when the U.S. government stepped in with its $700 billion package to bail out the sector, the investor told CNN Money in an interview.The rescue package delayed Ross’ plans by six to 12 months, the report said.“We will end (Read More)
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The Guardian:
Unemployed temporary workers forced to spend the new year at a Tokyo soup kitchen have found themselves at the centre of a political storm after a senior politician questioned their work ethic.As Japan greeted the Year of the Ox amid mounting pessimism over the state of its economy, more than 500 recently sacked workers que (Read More)
Topics:
Global Financial Crisis
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Reuters:
WASHINGTON (Reuters) - Legislation is being prepared in the U.S. House of Representatives, and may come to the floor as soon as next week, to require more transparency and accountability from businesses getting taxpayer aid under the Treasury Department's $700 billion financial bailout plan, a senior lawmaker said on Wednes (Read More)
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Reuters: Lifestyle:
SYDNEY (Reuters Life!) - Australian luxury sports car buyers largely ignored the global financial crisis in 2008, making it Maserati's most successful year in the country where overall automobile sales have dropped.
. (Read More)
Topics:
Global Financial Crisis
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The Huffington Post | Full News Feed:
Now that he's looked closely at the numbers, Barack Obama wants Washington to show some spending discipline. After his gargantuan stimulus package, that is. "We've got trillion-dollar deficits for years to come," he said recently. "We're going to have to bring significant reform ... to the overall budget process.... We'll h (Read More)
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Financial Times:
B Ramalinga Raju stepped down after confessing to fixing the company's books for the past 'several' years in the country's first major fraud case to emerge following the global financial crisis. (Read More)
Topics:
Global Financial Crisis
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Reuters: Lifestyle:
BERLIN (Reuters) - Deep feelings of shame rather than material losses were probably behind the suicide of German billionaire Adolf Merckle and some other prominent casualties of the global financial crisis, according to mental health experts.
. (Read More)
Topics:
Global Financial Crisis
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