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The Greek debt crisis simplified and updated and cut to the bone

Greece’s government must cut spending and improve tax revenue in order to greatly reduce or eliminate its need to borrow, reduce the cost of its output (via domestic deflation or leaving the Euro and depreciating a new currency) in order to restore the external balance between its imports and exports, and to reduce the impediments to economic efficiency and productivity growth so that its economy can grow more rapidly. How did it get in such a mess? What role was and is played by its use of the Euro? And what are its options?

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Money Never Sleeps

Stone’s challenge this time around was to make his protagonist, Jake Moore (Shia LaBeouf), a hotshot, 20-something banker, sympathetic in an age when fresh-out-of-school Wall Street types are vilified as bottle-service-swilling douchebags. On the face of it, the casting of LaBeouf, whose grating, agitated swagger has never seemed more appropriate than in a trading room, runs counter to that goal. But his character is redeemed by the following “good-guy” factors:

NYSE plans to use “flash crash” to reclaim its glory

Last week’s market swoon briefly shaved about $1 trillion dollars off of the value of U.S. equities. But it may have a much more lasting and beneficial effect on the NYSE Euronext — the exchange world’s resident tortoise. Until last Thursday, the NYSE’s gripes about the dangers of market fragmentation and opaqueness seemed like little…

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Newspaper Death Watch

HOW TO SAVE YOUR LOCAL NEWSPAPERS By paulgillin | April 28, 2010 – Meet Bobbie Carlton. She’s come up with an idea that every newspaper publisher in New England should have had but didn’t. Her success demonstrates how news publishers can reinvent themselves and survive – maybe even thrive – but only if they have…