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The Pay Czar's Pay Cut Ruling: The Hype, the Hoax

The White House pay czar isn't reforming Wall Street. He's cutting deals with it. We need to understand the difference. Responsible people can do reckless things, most often when emotion clouds their better judgment — and no emotion probably clouds judgment any...

Banker Bonus Bingo: Every Card's a Winner

Can excess on Wall Street ever be ended? Maybe. Some lawmakers in France have a plan that could end it. America’s biggest banks, amid the shakiest economic times since the 1930s, last week announced record profits — and deposited record billions into bonus...

Mending America's Torn Social Fabric

In closely knit communities, people care about each other and help each other, too. But healthy “social fabrics,” as the expression goes, can tear. Inequality can tear them. The wider the income gaps between us, the less we share in common, the less we...

The 2009 Forbes 400: The What-Me-Worry Gang

An average American family would have to work thousands of years to amass a billion-dollar fortune. America's super rich, the new data on our richest 400 make clear, can lose a billion and barely notice. Tsunamis, we learned this past week, amount to equal-opportunity...

GDP: Taking Aim at the Stat that Bamboozles

A conservative world leader and two world-famous economists who challenge conservative world leaders have joined up to call for a totally new global economic yardstick. And they want that yardstick to measure inequality. Sometime early this fall, new statistics are...

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