The pink slip

Day traders are being slowly and painfully replaced by new technology.

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Sorry state

The costs of serving US debt will exceed the cost of the defence budget within the next six years, says Niall Ferguson.

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Peddling snake oil

American television shows and radio waves are filled with advertisements for debt-settlement agencies that promise to do the impossible. Some ads claim that the Obama administration has a plan to let people with more than $10,000 in credit card debt walk away scot-free and that their services can help. But none of these claims are true.

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