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And you think that attitude follows from the way Wall Street works? What a lot of folks don't realize is there are tons of layoffs on Wall Street even during a boom. What they value is not worker stability but constant market simultaneity. If mortgages aren't the best...

Author: /time Magazine | Title: An Anthropologist on What's Wrong with Wall Street | 7/22/2009 | See Source »

So when someone in the Obama Administration says something like "We want to reform Wall Street pay," what goes through your head? I hope they can actually follow through with it. But here we have folks in Washington - in the Fed, in the Treasury - who are also investment bankers, especially...

Author: /time Magazine | Title: An Anthropologist on What's Wrong with Wall Street | 7/22/2009 | See Source »

Just before he found out that the folks who paid him were seeking someone else to do it, BusinessWeek.com's editor in chief John A. Byrne wrote, "What newspapers and magazines are going through right now is a business-model problem, not a readership problem." For Business Week, actually, it...

Author: /time Magazine | Title: Business Journalism: A Vanishing Necessity? | 7/20/2009 | See Source »

That's the kind of statement that probably irks folks most at companies like No Lie MRI in California and Cephos in Massachusetts, both of which claim to offer some kind of lie-detection ability based on fMRI technology. No Lie MRI says it uses "unbiased methods for the detection...

Author: /time Magazine | Title: The fMRI Brain Scan: A Better Lie Detector? | 7/20/2009 | See Source »

This has some folks in Washington concerned. In June, the Government Accountability Office said it had uncovered misleading marketing practices in the reverse-mortgage industry, and Missouri Senator Claire McCaskill, a longtime consumer advocate, chaired a hearing to investigate predatory lending tactics. A big no-no is cross-selling, e.g...

Author: /time Magazine | Title: The Pros and Cons of Reverse Mortgages | 7/20/2009 | See Source »

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