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What if you think your dismissal is age discrimination? Is it worth going to a lawyer these days? I think so. Go to somebody who's an expert in employee law and see. If you're seeing that a whole layer of employees who happen to be graying at the temples are the ones who are being disappeared, you have yourself a class-action lawsuit, possibly, and that's something worth exploring. The attorney may say, "Not worth your effort." But it's better to make a decision based on information than just making assumptions...

Author: /time Magazine | Title: What to Do If You Get Laid Off | 2/26/2009 | See Source »

...informational nightmare," says Andrew Lo, director of MIT's Laboratory for Financial Engineering. "It's very hard to collect all the information you need to figure out what these things are worth...

Author: /time Magazine | Title: One Bad Bond | 2/26/2009 | See Source »

...valuation of a mortgage bond like Jupiter is a white-hot argument. Most Wall Streeters agree that a large number of such bonds--amounting to hundreds of billions of dollars, perhaps trillions--are worth far less than their stated, or par, value. How much less is central to resolving the financial crisis. In early February, Treasury Secretary Timothy Geithner said he wanted to start a public-private partnership to buy up toxic assets. Banks hold tens of billions of dollars in mortgage bonds, and as the bonds fell in value or were wiped out completely, they erased precious capital...

Author: /time Magazine | Title: One Bad Bond | 2/26/2009 | See Source »

...that home prices are critical to the finances of a large percentage of the people in America. After a decade or more of increasing consumer confidence which was built primarily on appreciating home values, most people, even those with jobs, are broke. They have what economists call "negative net worth", a condition which almost always leads to malaise...

Author: /time Magazine | Title: When Mortgage Assistance Does Not Work | 2/25/2009 | See Source »

...revenues come from India. Economic stimulus measures being taken by the Indian government could also give some breathing room. Two weeks ago, Delhi announced that it was placing a $200-million order for 1,625 buses with Tata Motors, a deal that includes a 12-year maintenance contract worth $280 million...

Author: /time Magazine | Title: India's Top Automaker, Tata Motors, Hits a Rough Patch | 2/24/2009 | See Source »

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