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    Medicine or Wall Street?

    Agree. Unless the doctors own private practices and not work in hospital settings, their salaries are comparable to nurses' salaries with overtime nowadays. Many doctors in their 40's and 50's are having trouble paying their student loans .
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    Kweku Adoboli, 31 year old ETF trader held over $2bn rogue trade

    He is not a top traders. Top traders make millions and millions of dollars each year. Last year, he rolled in $438,000.00. That is much lower than the average traders in Goldman Sachs made last year.
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    Gamekeeper Turned Poacher? The Path to Rogue Trading

    Gamekeeper Turned Poacher? The Path to Rogue Trading Published: Thursday, 15 Sep 2011 | 8:30 AM ET By: Peter Guest A bright graduate joins an investment bank, but not in the glamorous, fast-moving – and ultimately profitable - trading role that he wanted. Rather, he is put into the...
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    95% World Inventions are British

    Maybe British people have innovated a lot of things, but most inventions actually come from ancient China: soccer, ice cream, iron casting, compass, pizza, paper, golf, mass production, math, bureaucratic system, banking, currency notes, animation, crossbow, printing, guns (yes, it came from...
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    If USA defaults, stock market collapses 30%, GDP down 5%

    Train accidents happen. Every time you step on the train. There is a very tiny chance of endangering your life. Have you heard about the following? Eschede train disaster (Germany) 1998 Kaprun disaster (Austria) 2000 Great Heck rail crash (England) 2001 Amagasaki rail crash...
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    Employers not hiring the unemployed!

    Everything has effects. When the taxes are cut, business owners will have more cash. He might not hire any new employee or use it to invest in his businesses. Certainly, he would not let the cash be idle sitting by. He might withdraw it to pay himself a nice bonus. What will you do when you...
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    Better Lives for Mexicans Cut Allure of Going North

    Better Lives for Mexicans Cut Allure of Going North By DAMIEN CAVE Published: July 6, 2011 AGUA NEGRA, Mexico — The extraordinary Mexican migration that delivered millions of illegal immigrants to the United States over the past 30 years has sputtered to a trickle, and research points...
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    Many With New College Degree Find the Job Market Humbling

    Many With New College Degree Find the Job Market Humbling By CATHERINE RAMPELL Published: May 18, 2011 The individual stories are familiar. The chemistry major tending bar. The classics major answering phones. The Italian studies major sweeping aisles at Wal-Mart. Now evidence is...
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    "I thought getting a job would be a snap"

    Couple people I know are elementary school teachers in NYC. They are in their thirties. They make a bit more than $100K.
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    US Treasury grants exemption for forex swaps

    Yeah, it means US residents can open and trade retail spot forex with offshore dealers. US Treasury has the final authority on currency. If US Treasury hasn't said anything about forex swap, it would give CFTC the power to regulate it. Now US Treasury said it will be exempted from Dodd Frank...
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    US Treasury grants exemption for forex swaps

    US Treasury grants exemption for forex swaps By Tom Braithwaite in Washington Published: April 29 2011 21:44 | Last updated: April 29 2011 22:50 The US Treasury has opted to exempt foreign exchange swaps from sweeping new derivatives rules, providing a big victory for dealers and a...
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    July 2011 = no more US trader clients?

    Forex Brokers to be Exempt of Dodd-Frank Rules? By Yohay Elam at Forex Crunch March 31, 2011 at 9:00am Perhaps forex brokers will get some good news soon, maybe in April. The Dodd-Frank act consists of many limitations, that not every broker will be able to handle. But forex brokers could...
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    H1B Visa program has already ruined this country

    Even getting H1B to work in states is expensive now for most companies. Many top tier companies I know have outsourced their IT work to India. Over there, they could hire eight IT programmers instead of two H1B in states for an average salary of one senior American programmer. Outsourcing is...
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    H1B Visa program has already ruined this country

    Nope, according to Reuters, China overtakes US in technical innovation this year. Thomson Reuters IP analysis projects China annual patent volume to surpass Japan and U.S. by 2011 China is projected to lead in patent activity by 2011, according to a detailed intellectual property analysis...
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    Citi says India will be the largest economy by 2050

    Of course this will be true if planet Earth has infinite resources. But with ever shrinking natural resources and dwindling arable lands due to massive consumption and overfarming, in 2050, most likely, India will collapse and break into many state nations. When a nation has a big population...
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    Is Law School a Losing Game?

    Is Law School a Losing Game? By DAVID SEGAL Published: January 8, 2011 IF there is ever a class in how to remain calm while trapped beneath $250,000 in loans, Michael Wallerstein ought to teach it. Here he is, sitting one afternoon at a restaurant on the Upper East Side of Manhattan, a...
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    1/4% Tax on all stock trades pushed in NY Times today

    APEC is against global transaction tax. "...Views of APEC (Asia-Pacific Economic Cooperation) expressed in open letter to IMF The APEC forum for facilitating economic growth, cooperation, trade and investment in the Asia-Pacific region expressed its views in a letter to the IMF on 15...
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    The Impending Collapse of China

    Agree. Actually many of China's big cities (e.g. Shenzhen) started out building empty city building blocks like that. The question is how the city government attract both rich and the poor to settle down.
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    Evil Record Labels Awarded $62K per Song From Mom

    Actually it is not harsh. The article failed to mention that she left these songs on the peer-to-peers network named Kazaa in her computer 24 hours a day, and they were downloaded by Kazaa users around the global several millions of times. Each download on itune costs $1.00. So several million...
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    Startup Fever: College Students Have It Bad

    Startup Fever: College Students Have It Bad October 18, 2010, 4:30PM EST By Max Raskin Jobs are scarce, barriers to entry are down, and entrepreneurship is all the rage on college campuses these days New York University seniors Katie Shea and Susie Levitt were interning at Goldman...
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