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Monday, March 26, 2012

Reuters Money: Keeping up with the 1 percent

Reuters » Money 2012
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03/26/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Keeping up with the 1 percent
NEW YORK (Reuters) - We know now that trickle-down economics doesn't really work — the past decade in the United States has seen incomes at the very top soar, while the earnings of the middle class stagnated or declined.
Schwab, E*Trade et al outpacing traditional brokers
NEW YORK (Reuters) - Discount brokerages, once the domain of do-it-yourself investors looking for cheap trades, are increasingly getting into the personal advice business, filling a void for middle-class investors left by big, traditional brokerages.
Comply: Getting a grip on whistleblowers
(Reuters) - Cash rewards for whistleblowers at financial firms can motivate employees to do what companies fear most: report company wrongdoing to regulators.
BreakingViews: Bank bailout views skewer GOP star's credibility
WASHINGTON, March 23 (Reuters Breakingviews) - Paul Ryan, a rising star of the Republican Party, called this week for bold steps to put the United States on a fiscally sustainable path. But the Wisconsin congressman makes a glaring error evaluating an important financial reform. He says that the Dodd-Frank Act's new bailout-busting resolution authority will cost taxpayers and lead to more rescues. The misstep casts doubt on Ryan's ability to favor practical solutions over politics.
How to play it: Feasting on "The Hunger Games"
NEW YORK (Reuters) - On Monday night in Manhattan, a line of 50 teenagers camped outside of a Barnes & Noble in Union Square - preparing to spend 24 hours on the street just for a chance to see the stars of Lions Gate Entertainment's "The Hunger Games," which opens in movie theaters on Friday.
Bank of PTA: Parents scramble to fill school budget gaps
NEW YORK (Reuters) - Rebecca Levey, co-president of the Parent Association at the William T. Sherman School in New York, is terrified about the school's upcoming auction.
Saft on Wealth: High profits face a test
(Reuters) - With corporate profit margins at record levels, the stock market faces a challenge because the logical next move may well be down.
Exclusive: UAW steps up bid to organize VW U.S. plant: sources
CHATTANOOGA, Tenn./DETROIT (Reuters) - The United Auto Workers union is soliciting signatures of support from workers at Volkswagen AG's U.S. factory, an escalation of its effort to establish a foothold outside the Detroit automakers.
Analysis: Do not panic: The rally in risk assets is for real
NEW YORK (Reuters) - If you're waiting for the next meltdown in U.S. stocks or in commodities, you may want to get over it.
IRS audit rate jumps for multimillionaires
WASHINGTON (Reuters) - Tax officials are putting a closer microscope on the tax filings of multimillionaires, with the audit rate for those making more than $10 million a year jumping in 2011, according to newly released documents.
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