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Bloomberg notes that there is a silver lining to the financial carnage we've been seeing: Bank mergers soared and, in fact, accounted for more than 60 percent of global mergers and acquisition... Read more...
So how bad is the downturn on Wall Street? Bad enough to spread to East Hampton, a favorite play area for the made-it Wall Street set. Tax revenues in the town are down 42 percent from last year. The... Read more...