Law:

Law Firm Layoff Watch: Latham Cuts 190 Lawyers, 250 Staff
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Latham & Watkins Cuts 190 Lawyers
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Leak in Massive Layoff Reveals Plan to Count Sick Days Against Lawyers Facing Ax
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240 Axed Associates and Staff Could Sue Former Firm Over WARN Act Claims
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What Message Does Massive Latham Layoff Send?
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Is Latham Setting Precedent?
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Layoff Watch: Orrick Ax To Fall This Week?
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This Week In Layoffs
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The Curious Case of K&L Gates
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Layoffs and Delayed Start Dates at Kirkland?
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Top US firms must learn to roll with the punches in the fight to last the distance
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Firm Lays off 21 Lawyers, 32 Staffers
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McDermott Coffee Cutback Sends ‘Message of Desperation,’ Partner Says
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DLA Cuts Provoke Anger With Sick Day 'Grading'
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No-Show Jobs: Firms Offering Law Grads Cash to Stay Away
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As Layoffs Launch Lawyers Into Solo Firms, Small Shops are Hot, Experts Say
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The Brave and The Bold
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What's remarkable about Marc Dreier is that he fooled so many people for such a long time.
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The Am Law 100: A Work in Progress
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Bakers snaps at the heels of Skadden in US top 30 rankings
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The 'Index Fund' of Law Firms?
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Federal Judge Slashes Wilmer's Fees -- Again
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Quinn Emanuel Hits the Streets of London
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What the magic circle will look like - part two
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Davis Polk, Cleary, Sidley, Hogan, Gibson Dunn on Citi Deal
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Sonnenschein to Shutter Charlotte, N.C., Office
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'Yes We Scan'
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GCs Share the Pain
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Take Proactive Steps to Avoid a Layoff
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The Next Wave - Recession-Related Litigation To Spike

Sonnenschein to Shutter Charlotte, N.C., Office
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A Website Can Be A Bankruptcy Lawyer
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Virginia Man Beats Maine in Declaration of Independence Smackdown
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Lawyers in Brooke Astor Case Avoid ‘Near Melee’
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7th Circuit Affirms $80K Sanction: If Lawyer Can’t Pay, Bankruptcy
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Kidnap-Murder Suspect Nabbed In Bankruptcy Court
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Is It Improper for a Lawyer to Perform Magic Tricks for a Jury?
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As Economy Plummets, Time for a Gut Check
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Judges:

What's Next for Samuel Kent in Wake of Guilty Plea?
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Wife’s Death Put Judge Kent in Downward Spiral, His Lawyer Says
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Just following orders
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Much-Watched Judicial Recusal Case Reaches Supreme Court
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Bankruptcy judge retires, recalls emotional cases
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Article on Los Angeles Bankruptcy Judge Geraldine Mund
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Filing in Court Scandal Claims Judge Met with Mob Boss on Regular Basis
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Wall Street:

US Stock-Index Futures Decline
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Global Markets Decline Sharply
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Japan stocks fall sharply on financial fears
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Emerging-Market Stocks Slump to 14-Week Low as EU Rejects Aid
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Big failure could be cathartic
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Worst Month Since 1933
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European Stocks Cap Longest Monthly Losing Streak Since 2002
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S&P 500 Drops to 12-Year Low
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US Government Acts, but Losses Pile Up
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Wall Street slides after CITI-government deal
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Citigroup Beats WorldCom, Sets Stock Trading Record
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Berkshire Reports 62% Drop in 2008 Profit
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Berkshire Profit Plunges 96% on Stock Market Bets
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Buffett Remains Optimistic About America's Future
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A Closer Look at Buffett's Letter to Berkshire Shareholders
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GE Reduces Dividend for First Time Since 1938
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Jeffrey Immelt Faces More ‘Hours of Doom’ With GE Dividend Cut
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GE Still Isn't in The Clear
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Banking:

Sweden’s ‘Mr. Fix-It’ Bank Bailout May Be Model for US, UK
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Bank of America Loans Valued at $44 Billion Less Than Books Say
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Some Banks Must Die So the US Economy Can Live
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Banks Seized by Regulators, Bringing 2009 Total to 16
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Latest Citigroup Rescue May Not Be Its Last
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Is the third time the charm for Citi?
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The already-nationalized banks
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Stock Deal Buys Time for Gov't to Unwind Citigroup
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Saudi Prince Is Humbled by Citigroup
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Abu Dhabi reviewing Citigroup investment
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Citi may need to sell Mexican unit Banamex
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Paying the Price to Rebuild Citi
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UBS needs 2-3 years for sustainable profit
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UBS Is Said to Raise Pay After Cuts in Bonuses
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Profit fears hit UBS
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Northern Trust plans to repay aid after uproar
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TARP's A Tar Baby
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Louisiana bank is first to return TARP funds
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F.D.I.C. Increases Fees to Insure Bank Deposits
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FDIC Reports That Bank Failures Are Rising
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Message to Regulators: Bank Fix Needed Quickly
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US banks gird for next round of defaults
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1st Centennial Bancorp files for bankruptcy
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Breaking into Georgia gets tough for banks
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Profit fears hit UBS
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Dallas Mayor Tom Leppert had front-row seat to Washington Mutual's collapse
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Aviation:

Budget airline 'to charge for use of bathroom'
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Will Ryanair Charge Passengers to Use Toilets, or is CEO Michael O’Leary Pulling Our Chain?
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Superior Air sale cancelled
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2 executives announce plans for Eclipse bids
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Eclipse supporters, critics disagree on jet's legacy
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Obama Budget Calls for Increased Passenger Fees
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Plane crashes and recession - any connection?
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Personal Finance:

Braced for a Higher Tax Bill, Some May Dodge the Bullet
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Advice to the Jobless on Getting Health Coverage
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South Carolina church deacon allegedly turns bank robber
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Recession is being felt in ways large and small
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Single mother plagued by sleepless nights over debt
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Fraud:

Stanford Accused of a Long-Running Scheme
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First to be Charged in Stanford Case: Laura Pendergest-Holt
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Affidavit Tells of Attorney Prayer
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Stanford exec to walk free after posting bail
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Former prosecutor says government may be looking for leverage
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Founder of Stanford is in hot water with the IRS
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Stanford’s James Davis Declines to Cooperate in SEC Fraud Probe
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Small-town clique who ran Stanford empire
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Stanford fraud hurts more than pocketbook
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SEC Says Stanford Was Running ‘Massive Ponzi Scheme’
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U.S. Has Located $250 Million in Stanford Firm's Assets, FBI Agent Says
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Many employees at Stanford are left in limbo
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‘Assets are there,’ Stanford insisted at pivotal meeting
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FBI: $1.6B 'loan' to Stanford
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Witness in Fraud Case at National Century Sentenced
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Town Grapples With Alleged Fraud
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Judge says UBS helped HealthSouth cook its books, but dismisses some parts of case
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Brentwood broker pleads guilty in $9 million fraud
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Westridge Got $21.3 Million From University of Pittsburgh Before Arrests
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The Financial Industry's Home-Grown Keystone Cops
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Congress introduces bill to close auditing loophole
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Layoffs:

As States Consider Turning Down Federal Money, Jobless Angry at Possibility of No Benefits
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Layoff Train Loses Some Steam
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Why Are Large Companies Losing More Jobs Than Small Ones?
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Feeling jobbed - Work for teens scarcer as elders defer retirement
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Pilgrim’s Pride Will Idle Plants and Cut 3,000 Jobs
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HSBC Cuts 6,100 Jobs
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California Jobless Rate Hits 10.1%
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Displaced Colibri workers demand pay, insurance
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An Alternative to Layoffs: The Shorter Workweek
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'Accidental entrepreneurs' on the rise
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Retailing:

County inks Boscov's bailout
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Goodbye, Fortunoff
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End of bling?
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Everything But Water floats DIP
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Why Amazon Is Bucking the Trend
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Giftware:

Lenox Group will sell its assets to Clarion
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Network Marketing:

Ex-Zrii workers allege greed, mismanagement
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Chemicals:

Lyondell Chemical Wins Approval for $8 Billion Bankruptcy Loan
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Tax:

New UBS chief signals flexibility on tax evasion
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The UBS Mess with The IRS
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Gift Certificates:

Company That Sells Gift Certificates Files for Bankruptcy
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Economy:

GDP Shrinks 6.2%, More Than Estimated
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Meltdown 101: Why would a GDP revision be so huge?
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Job Losses Probably Escalated in February
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Kudlow: Obama Declares War on Investors, Entrepreneurs, Businesses
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St. Louis Tea Party Protests Stimulus Plan
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Obama Says He Expects a Fight to Get $3.55 Trillion Budget Plan Approved
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UK's Brown woos Obama on global deal
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Bankers: Stop trashing us
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Sharper Downturn Clouds Obama Spending Plans
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Business Groups Oppose Obama’s Budget After Supporting Stimulus
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Economy in Worst Fall Since '82
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Buffett Says Economy Will Be ‘In Shambles’ for 2009
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Fed Officials Weighing ‘Exit Strategy’ for End of Recession
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Boehner: 'Spending barrage' just starting
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‘Great Society’ Plan for the Middle Class
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G.D.P. Revision Suggests a Long, Steep Downfall
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Economists React: Economy 'Slipping Fast'
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All Around the World, Trade Is Shrinking
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Crisis claims another victim: Small business
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Obama sees 'tougher times' for African-Americans
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A Slowdown That May Slow Us Down
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Generation B: Boomers in a Post-Boom Economy
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Victims being blamed for sinking economy
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Why we (probably) won't repeat Japan's infamous "lost decade."
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Internet Mirrors Recession’s Gloom
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Globalization protesters: 'We're Not Paying For Your Crisis!'
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Stimulus Plans Won’t Restart World Economy, T&D’s Kamiya Says
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Metal products, financials and hotels most likely to suffer
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Real Estate:

US mortgage delinquencies seen up 50 percent
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Guess What Got Lost in the Loan Pool?
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Fannie Needs More Padding
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Fannie Mae portfolio shrank in January, delinquencies jump
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Obama housing fix too timid?
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These Foreclosure ‘Victims’ Deserve No Sympathy
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Manhattan Real Estate On Sale
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Renters Have Edge Over Homeowners in Fighting Eviction
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Defaulting families should rent, not own
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A look at the first-time homebuyers tax credit
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Homeowner bailout met with whining
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Signs of Rot in Big Apple Property
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Apartment Buyers Abandoning 6-Figure Deposits
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Suit says First Magnus officers fueled crisis; their reply: 'absurd'
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LandAmerica gets court OK to sell Fidelity National stock
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Trial to begin for 1031 Tax Group’s Ed Okun
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SunCal units get $200M bid
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Feds Turn to Prince George's for Tales of Mortgage Woes
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Atlanta 'Extreme Home Makeover' Home In Foreclosure Again
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Most lenders not seeking deficiency judgment
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S&P Sees More Losses For Subprime Securities
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A Note on Notes
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Transferring Real Estate To Friendly Buyers In Today's Depressed Market
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Newspapers:

Newspaper convention canceled amid industry woes
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Newspapers' Woes Worsening
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The death spiral of newspapers. What next?
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Last edition of Rocky Mountain News a best seller
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In Denver, Residents Lament the Closing of a Newspaper
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Times Union says it will cut staff size
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Herald needs 20 to take buyouts
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Under Weight of Its Mistakes, Newspaper Industry Staggers
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Endowments for newspapers eyed
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Television:

Broadcast TV Faces Struggle to Stay Viable
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Citadel Booted From NYSE, Others Imperiled
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Magazines:

Worth magazine lays off most of NY staff
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Movie Theaters:

Redstone Said to Seek Sale of Theaters Following Debt Agreement
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In Downturn, Americans Flock to the Movies
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Insurance:

A.I.G. Reports $61.7 Billion Loss as U.S. Gives More Aid
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US needs to get tough with AIG
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Is AIG the Worst of Them All?
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AIG, facing record loss, fights customer drain
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AIG latest revamp gets nod from credit-rating firms
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AIG to rebrand P&C business, sell stake to public
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AIG failure would still be disastrous for global markets
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AIG to get up to $30B more in Fed aid
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S&P Less Sure of Life Insurance Industry
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Luxury:

Recession Hits Luxury Spa Business Across Countries
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Telecoms:

Nortel pays big bonuses to keep execs
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Nortel gets bid procedures nod
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Kids Can Keep Surfing Under Hawaiian Telcom Deal
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Hawaiian Telcom will survive
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Municipalities:

Smallest State Faces Big Problems
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Municipal Bankruptcy Non-Option
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Struggling States Look to Unorthodox Taxes
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Bankruptcy talk derails city bond sale
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Vallejo: Portrait of a Broke Town
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Recession Takes Its Emotional Toll on Cities
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Celebs:

Hearing set in Michael Vick bankruptcy case
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Consultants:

More on the disintegration of BearingPoint
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Ethanol:

Pacific Ethanol suspends operations at two facilities
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Resorts:

19 creditors go after Orlando resort developer, demand deposits
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Idaho’s Tamarack Resort Going Out of Business
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Food/Drink:

Few survivors along Eat Street
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Pilgrim's Pride is closing three plants, laying off 3,000
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Buffets lines up $120M exit loan
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Finance:

The case against Shylock
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Whirpool’s Lenders Relax Terms in Exchange for Higher Rates
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CFOs hope government intervention will soon thaw frozen credit markets. That's not likely.
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Europe and Asia agree: Credit is hard to come by and there is little relief in sight.
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The Standoff Continues
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Lehman:

Nomura sues Lehman to recover 58 mln euros
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Politics:

Republicans Say Budget Is Hard to Block
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Tech:

Some Qimonda workers won’t get final paychecks
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Flash memory company Spansion files for bankruptcy
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Private Equity:

PE Firms Eye Debt To Equity Flip
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A Sideways Peek Into the Value of KKR’s Investments
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Travel:

Ultimate Escapes Travel Club Sued by Member After Ultimatum Fee Increase
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Corporate Reform:

Companies in Dangerous Position as SEC Prepares to Flex Its Muscles
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Obama launches corporate tax crackdown
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Games:

Bankruptcy threat hangs over THQ
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Credit Cards:

Another Financial Crisis Looming?
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Credit cards used to build a house lead to big financial trouble
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Financial Privacy:

When A Company Folds, Who Guards Your Data's Privacy?
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Horse Racing:

Owner of Pimlico racecourse defaults on loan
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Racetrack owner Magna faces threat of bankruptcy
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Golf:

Bluffs closes golf club
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Oil/Gas:

Oil Falls for a Second Day as Recession May Reduce Fuel Demand
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Personal Bankruptcy:

Same Sex Couples Not Required to Combine Income on 'Means Test,' Wisconsin Court Rules
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Corporate Governance:

Chancery Court Dismisses Direct and Derivative Claims Against Company in Bankruptcy
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Buses:

Motor Coach, plan sponsor clash
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Debt Collection:

Violence between repo men, car owners on rise
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The Repo Man Cometh
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Mining:

Sterlite cuts bid for US Asarco to $1.5 bn
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