Word: streets
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...morning of Dec. 8, several dozen volunteer newsies spread out across San Francisco to hawk copies of the city's brand new newspaper, the San Francisco Panorama. The 320-page doorstop, printed in full color on old-fashioned broadsheet paper, sold for $5 on the street and $16 in bookstores. With articles by Stephen King, Michael Chabon and Pulitzer Prize-winning investigative journalist Robert Porterfield, the Panorama was an homage to the increasingly threatened - some would say obsolete - institution of print journalism. The paper's entire print run sold out in less than 90 minutes. (Read about the future...
...today's hard economic times, something startling began showing up in public-opinion polls: fewer people than in the past wanted Washington to step in. In the latest NBC/Wall Street Journal poll, only 23% of respondents said they trust the government "always or most of the time"--the smallest proportion in 12 years. The percentage of voters who think government should "do more to solve problems and meet the needs of people" has dropped 5 points since Obama's first weeks in office, while that of those who think government should leave more things "to businesses" rose 8 points...
...calling the meeting, and President Obama's harsh words for bankers on Sunday's 60 Minutes program reinforced the notion. During an interview on the CBS show the President said he didn't run for office "to be helping out a bunch of fat-cat bankers on Wall Street," adding that "people on Wall Street still...
...Obama has made some attempts to play hardball with Wall Street, however. Last summer, JPMorgan tried to lowball the Administration on warrants it wanted to buy back from the government. JPMorgan's chief, Jamie Dimon, called Treasury Secretary Timothy Geithner in July personally to pressure him to sell at the low price. Geithner held out and auctioned the warrants off last week for tens of millions more than Dimon had offered, sources familiar with the negotiations tell TIME...
...psychologist at the University of Georgia in Athens who studies decision-making, told Naturenews.com that the research has profound implications for neuroeconomics, the study of how biology influences markets, by showing that "not only does biology affect economic behavior - so does belief." But John Coates, a former Wall Street trader and researcher at Cambridge University, warns against extrapolating too much from the study. Coates' own measurements of testosterone levels in the saliva of male traders found a link between higher levels of the hormone and risky behavior. He says there is a "dose-response curve" for testosterone, which means that...