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Monday, January 14, 2013

Business Beast - The Real ‘Downton’ Heiresses

The Daily Beast
January 14

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Business Beast
5 hot reads on business news and views
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1
Old Money
Dollar Princesses
Pretty much every aristocratic family in Britain has an American connection. In Newsweek, Daisy Goodwin on the U.S. heiresses who invaded England in the Edwardian era—and inspired the eye-popping excess of Shirley MacLaine's Martha Levinson on the new season of 'Downton Abbey.'
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2
Plastic
AmEx Charges Backward
The company is shedding 5,400 of its 63,500 employees and taking a number of charges that will halve its quarterly profits. Daniel Gross reports.
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4
World
China's Labor Pains
Will China ever reform its prison camps?
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Apple has cut orders for the components of its iPhone 5, and it's probably due to weaker-than-expected demand.

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5
Worth a Look
Week's Best Biz Reads
The man who thought of a $1 trillion coin, the one super-popular tablet that Apple isn't buying, and more.
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3
Aviation
Dreamliner's Nightmare
Boeing's new plane has airlines in a spin. Clive Irving reports.
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The Russians Are Coming!
Megan McArdle: Presidents Can't Fix the Economy!

In response to Morgan Stanley's Backslide:

they never should have allowed banking, investment and insurance to merge … didn't take long for the system to begin unraveling and unable to hold its own weight.

— major tom to ground control

In response to The Next Steve Jobs?:

Is the headline for this article wildly overblown? Yes. Exploding windows and aggregating apps have already been done, years ago. There are already thousands of applications that make the Windows interface better and easier to use.

— Park_2

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