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Wednesday, March 17, 2010

Economic News

5 new rules for great credit scores

Opening up more accounts and carrying a balance could actually improve your credit.
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Lehman sacked whistleblower who called out accounting games

It's all fun and games on Wall Street until someone wants to tell the truth.

From Reuters:
Lehman Brothers Holdings ousted whistle blower Matthew Lee just weeks after he had raised concerns with Lehman's auditor about the firm's accounting in 2008, the Wall Street Journal said, citing people familiar with the matter.

Lee, a former senior vice president, Finance Division, in charge of global balance sheet and legal entity accounting, was let go in late June 2008 amid steep losses at the firm as it tried to wade through the global financial crisis, the paper said.

How March Madness hurts businesses

The NCAA's basketball tourney costs the economy a staggering amount in lost productivity.  
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Gourmet living on food stamps

Hit by the recession, one group feeds its foodie habits with government subsidies.
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Big companies with impressive job growth

These top businesses are adding workers without any signs of slowing down.  
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