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Wednesday, 19 September 2012

Wednesday, September 19, 2012
Interest rates all over the world are mostly made up.

That's the verdict of a new study by the International Organization of Securities Commissions, a copy of which was obtained by Bloomberg. It found that more than half of the benchmark lending rates in the U.S., Europe and Asia are "calculated by methodologies that were unclear, not transparent and only rarely subject to specific regulatory standards or obligations." Less than half of all benchmark lending rates, in contrast, were based on actual market transactions.
Bad News For Bain Capital
The Richest People In America Are...
Goldman CEO Fires At Controversial Target
Matt Taibbi Slams 'Insane' Mitt Romney
WATCH: Romney Ad Uses Miners Required To Attend Event Without Pay
Will Bunch: The Real Victims of Romney's America
In addition to Romney's appalling lack of understanding of what Americans do not pay federal income taxes and why, the symptoms of this "victim"-hood he so deplores were in large part created by the practices of Wall Street types like him and Marc Leder.
Andrew Fieldhouse: Avoiding a Double-Dip Recession Doesn't Require Extending the Bush Tax Cuts
The "fiscal cliff" is a terrible metaphor -- it implies an all-or-nothing choice between continuing all current budget policies and running smack into the legislated trajectory for fiscal policy.
David Jensen: The Hiring Guru: Should Employers Beware?
Imagine you were out on a very first date. It is not likely you would culminate that evening with a marriage proposal, is it? So goes the first interview of a potential candidate for employment.
Rick Schwartz: My Big Fat Geek Wedding
I've been a movie producer for over ten years. But after a few sidelong glances, late night flirtations and moments of soul-searching, I've decided to stop cheating on my day job and commit to a new life partner. I'm now officially a software mogul.
Dan Petegorsky: Mitt Romney, Wall Street Money and the Housing Crisis: For the Captors, Not the Rescuers
Voters as well as reporters covering the campaign need to challenge the candidate to provide much more information and many more answers than he's given to date. Otherwise we're left to conclude that he's essentially a shill for the very greediest.

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