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Winning Super Bowl Lets Montana Teammates Fumble Elite Investing
Harris Barton , a former right tackle with the San Francisco 49ers, remembers the time Reggie White of the Philadelphia Eagles flattened him. It was Sept. 24, 1989, and for two downs, Barton had fended off White’s “rip and club” move of throwing opponents off balance and knocking them to the turf.
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McDonald's No Match for KFC in China as Colonel Rules Fast Food
On the edge of Tiananmen Square, just across the street from Mao Zedong ’s tomb, He Yingying munches on a piece of chicken and gazes at the benign-looking figure beaming down at her.
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Strauss-Kahn Bailouts Give IMF Chief Popularity Over Sarkozy
As the dinner plates were cleared on a May night in Basel, Switzerland, International Monetary Fund Managing Director Dominique Strauss-Kahn and his fellow guests settled in for a challenging final course: saving the euro from extinction.
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Blankfein Flunks Asset Management as Clark Vows No More Goldman
On Jan. 2, Jim Clark , a founder of such technology icons as Netscape Communications Corp. and Silicon Graphics Inc. , was at home in Palm Beach, Florida, when he got an e-mail from an executive at Goldman Sachs Group Inc. ’s private wealth management division. Goldman was offering Clark a chance to invest in the closely held social-networking company Facebook Inc. The deal -- through a fund overseen by Goldman Sachs Asset Management -- was being offered to other Goldman investors at the same time, Bloomberg Markets magazine reports in its March issue.
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Bernanke Vs. Trichet as Obama Defies Cameron-Merkel Splits G-20
Three years ago, when the world economy was in mortal danger, a series of coordinated and unprecedented measures brought it back from the brink. Today, the patient, still sickly, must endure the sight of doctors arguing over what to do next.
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Brownstein’s Mortgage Metaphysics Drives Gain in Top Hedge Fund
For 20 years, Don Brownstein taught philosophy at the University of Kansas. He specialized in metaphysics, which examines the character of reality itself. In a photo from his teaching days, he looks like a young Karl Marx , with a bushy black beard and unruly hair.
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Merkel's Nuclear Plan Earns Derision as Clean Power Costs Climb
The solar panels on Tommy Clever’s house in Berlin generate enough electricity on sunny days to run his washing machine, vacuum cleaner and other appliances, with a bit left over to help power the region’s factories and offices.
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Six Bottles at $7,170 Validates TPG Founder Price's Wine Bet
On a warm October afternoon, a steel- framed concrete warehouse north of San Francisco is inundated with grapes. Forklifts bearing fruit from the nearby Russian River Valley deliver their loads to a slow-moving conveyor belt. Flanking both sides, winemaking interns pick out stems and sunburned grapes as they groove to hip-hop music thumping from loudspeakers.
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Suicides in India Revealing How Men Made a Mess of Microcredit
Tanda Srinivas was lounging in the yard of his two-room house in the southern Indian village of Mondrai shortly after noon on Oct. 28 when his wife, Shobha, burst out of the door covered in flames and screaming for help.
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China Hit With Tariffs After Tianjin Pipe Gets Subsidized Loans
Tianjin Pipe Corp.’s 850-acre campus is unlike any other steel factory in the world. Ostriches, spotted deer and peacocks roam the grounds amid willow trees, bamboo bridges and Chinese pavilions. The plant has its own light-rail stop and hotel.
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Energy Credits Prove Inflated With Green Claims Seen as Hot Air
Along the steel-gray Quinebaug River in eastern Connecticut, Duncan Broatch is tinkering with machinery that will keep one of his two hydroelectric plants cranking out clean energy. The U.S. needs Broatch’s Summit Hydropower Inc. and other green power providers to make a dent in the 35 percent of the country’s global-warming pollution that comes from burning fossil fuels to make electricity.
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Mexico Boom Obscures Harm Done to Small Firms by Drug Warfare
Victor Hugo Barragan saw sales plummet 40 percent in the first nine months of 2010 at his homemade-ice-cream shop in Guadalupe, Mexico . A grenade blast that injured 14 people in the town’s central square in October - - the first drug-trafficking attack on the general public ever in this Monterrey suburb -- made a bad year even worse.
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Crandall as Most Accurate Forecaster Says This Too Shall Pass
In 1980, the U.S. economy was in the middle of a severe downturn, and jobs weren’t easy to find. So Lou Crandall , after earning a bachelor’s degree with a focus on economics from Cornell University, scattered resumes far and wide. One went to an employment agency looking for bilingual workers. Crandall had spent five years of his boyhood in Italy, where his father taught in an American school, and was fluent in Italian, Bloomberg Markets magazine reports in its January issue.
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Diamond Parries Attacks on Pay With Vow to Earn Public Trust
As 1,100 managing directors from Barclays Capital descended on the Grosvenor House hotel near London’s Hyde Park in late September, they had more to celebrate than having successfully swallowed the North American unit of Lehman Brothers Holdings Inc. two years earlier. Their guy, Bob Diamond , the Massachusetts-born founder of Barclays Capital, had just been handed the top job at parent Barclays Plc in a sign of how he had transformed the 320-year-old British institution in his 14 years as investment bank chief, Bloomberg Markets magazine reports in its January issue.
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Climate Change Math in Treaties Flawed by Suspect Calculations
Euan Nisbet , a University of London earth sciences professor who has traveled the world testing the air for greenhouse-gas pollution, makes his way to a rocky outcropping on the eastern coast of Hong Kong Island on a sunny November afternoon. He takes out a battery-operated pump connected to a thin tube and a plastic bag to capture traces of the wind.
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China Hydropower Dams in Mekong River Give Shocks to 60 Million
The Mekong River sparkles in the early morning sun as Somwang Prommin, a stocky fisherman wearing a worn-out black T-shirt and shorts, starts the motor of his boat. As the tiny craft glides on the river’s calm surface in the northeastern Thai district of Chiang Khong, Somwang points to a nearby riverbank. Three days ago, he says, the water levels there were 3 meters (10 feet) higher.
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