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		<title>Would you buy a Toyota?</title>
		<link>http://feeds.reuters.com/~r/reuters/blogs/ask/~3/Bit4iq5kpbg/</link>
		<comments>http://blogs.reuters.com/ask/2010/02/08/would-you-buy-a-toyota/#comments</comments>
		<pubDate>Mon, 08 Feb 2010 18:31:16 +0000</pubDate>
		<dc:creator>Richard Baum</dc:creator>
				<category><![CDATA[Ask]]></category>

		<guid isPermaLink="false">http://blogs.reuters.com/ask/?p=11124</guid>
		<description><![CDATA[Would you buy a Toyota? If not, which car would you buy? Take our poll.]]></description>
			<content:encoded><![CDATA[<p><img class="size-full wp-image-11128 alignnone" title="toyota" src="http://blogs.reuters.com/ask/files/2010/02/toyota.jpg" alt="toyota" width="420" height="277" /></p>
<p>With Toyota preparing <a href="http://www.reuters.com/article/idUSTRE6133U820100208">a global recall of its new Prius</a> and rolling out a fix to eight other models with a brake problem, the world&#8217;s largest automaker has its work cut out to regain the confidence of consumers.</p>
<p>The company has already reported <a href="http://www.reuters.com/article/idUSTRE6114BW20100203">a 16 percent sales drop for January</a>, allowing Ford and GM to surge past it in the U.S. market. And the news has only got worse for Toyota this month.</p>
<p>So we&#8217;re curious: who would buy a Toyota right now? Take our polls and leave us a comment. If you&#8217;re sticking with the brand, tell us why.</p>
Note: There is a poll embedded within this post, please visit the site to participate in this post's poll. Note: There is a poll embedded within this post, please visit the site to participate in this post's poll.
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		<item>
		<title>Help me! What year are we in?</title>
		<link>http://feeds.reuters.com/~r/reuters/blogs/ask/~3/V0WeQ2ugYIU/</link>
		<comments>http://blogs.reuters.com/jeremy-gaunt/?p=109#comments</comments>
		<pubDate>Tue, 05 Jan 2010 16:06:53 +0000</pubDate>
		<dc:creator>Jeremy Gaunt</dc:creator>
				<category><![CDATA[Ask]]></category>

		<guid isPermaLink="false">http://blogs.reuters.com/jeremy-gaunt/?p=109</guid>
		<description><![CDATA[What year are we in? Is it two-thousand-and-ten as the past decade's use would suggest? Or is it twenty-ten?]]></description>
			<content:encoded><![CDATA[<p>The late language maven William Safire would have been helpful at this point but, as stated, he is late, having passed away in 2009.</p>
<p>So here's my problem for you. The year that Safire passed away in -- excuse me -- in which Safire passed away, is nearly always expressed verbally as <em>two-thousand-and-nine. </em>Occasionally, a  person might say just <em>two-thousand-nine,</em> but that is just sloppy<em>. </em>It is rarely, if ever, expressed as <em>twenty-oh-nine</em>.</p>
<p>What year are we in now, then? Is it <em>two-thousand-and-ten </em>as the past decade's use would suggest? Or is it <em>twenty-ten</em>, as in <em>ninteeen-sixty-eight</em> and so on?</p>
<p>Before you answer, however, consider this:</p>
<ul>
<li>2000 was inevitably referred to as <em>the-year-two-thousand</em>.</li>
<li>1907 was occasionally  spoken of as<em> nineteen-hundred-and-seven</em> but usually as<em> nineteen-oh-seven.</em></li>
<li>1066 is always <em>ten-sixty-six, </em>never <em>one-thousand-and-sixty-six</em>.</li>
<li>The film '2001: A Space Odyssey' has always been <em>two-thousand-and-one</em>.</li>
<li>Its follow up, '2010', followed up as <em>two-thousand-and-ten</em>, at least as far as I can recall.</li>
<li>Britain's Olympics in 2012 are usually referred to as <em>twenty-twelve.</em></li>
<li>Sometimes they are referred to as the <em>two-thousand-and-twelve </em> Games.</li>
</ul>
<p>Do not dimiss this serious matter. There are 990 years to get through before <em>the-year-three-thousand</em> and we have future generations to consider.</p>
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		<item>
		<title>RIP 2008-2009</title>
		<link>http://feeds.reuters.com/~r/reuters/blogs/ask/~3/BiP8J39IFho/</link>
		<comments>http://blogs.reuters.com/globalinvesting/?p=3244#comments</comments>
		<pubDate>Mon, 04 Jan 2010 13:57:42 +0000</pubDate>
		<dc:creator>Jeremy Gaunt</dc:creator>
				<category><![CDATA[Ask]]></category>
		<category><![CDATA[Dax]]></category>
		<category><![CDATA[emerging markets]]></category>
		<category><![CDATA[equities]]></category>
		<category><![CDATA[FTSE]]></category>
		<category><![CDATA[markets]]></category>
		<category><![CDATA[MSCI]]></category>
		<category><![CDATA[Nikkei]]></category>
		<category><![CDATA[stocks. S and P]]></category>
		<category><![CDATA[united states]]></category>

		<guid isPermaLink="false">http://blogs.reuters.com/globalinvesting/?p=3244</guid>
		<description><![CDATA[It was down, down,  down in 2008 and up, up , up in 2009. So what will 2010 bring?

]]></description>
			<content:encoded><![CDATA[<p>It was down, down, down in 2008 and up, up , up in 2009. So what will 2010 bring?</p>
<p><img class="size-full wp-image-3243 alignleft" title="Year" src="http://blogs.reuters.com/globalinvesting/files/2010/01/Year.gif" alt="Year" width="585" height="381" /></p>
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		<item>
		<title>What’s on your reading list?</title>
		<link>http://feeds.reuters.com/~r/reuters/blogs/ask/~3/_nkfmMTlKRE/</link>
		<comments>http://blogs.reuters.com/globalinvesting/?p=3205#comments</comments>
		<pubDate>Thu, 17 Dec 2009 10:15:55 +0000</pubDate>
		<dc:creator>Jeremy Gaunt</dc:creator>
				<category><![CDATA[Ask]]></category>
		<category><![CDATA[MacroScope]]></category>
		<category><![CDATA[books]]></category>
		<category><![CDATA[Dylan Grice]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[James Montier]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[reading list]]></category>
		<category><![CDATA[Societe Generale]]></category>

		<guid isPermaLink="false">http://blogs.reuters.com/globalinvesting/?p=3205</guid>
		<description><![CDATA[If anyone needed a reminder that Christmas and New Year holidays are almost here, Societe Generale has offered a seasonal reading list for those with a fixation about investment and economics. What's yours?]]></description>
			<content:encoded><![CDATA[<p style="text-align: left;">If anyone needed a reminder that Christmas and NewYear holidays are almost here, Societe Generale has provided it. Analyst Dylan Grice has picked up the mantle of the departed <a href="http://www.fastcompany.com/magazine/104/prophet.html">James Montier </a>to offer a seasonal reading list for those with a fixation about investment and economics.</p>
<p>True, some people might prefer to immerse themselves in a rollicking sea tale from<a href="http://www.fantasticfiction.co.uk/o/patrick-obrian/"> Patrick O'Brian</a> or a good old  <a href="http://en.wikipedia.org/wiki/Sookie_Stackhouse">Sookie Stackhouse</a> vampire mystery. But we know that Reuters blogs' readers are a discriminating lot with a keen understanding of and passion for finance. So here is Dylan's list of six must-reads:</p>
<p style="padding-left: 30px;">1. Manias, Panics and Crashes, by Charles P. Kindleberger;<br />
2. The Essays of Warren Buffet, edited by Richard Cunningham;<br />
3. Reminiscences of a Stock Operator, by Edwin Lefevre;<br />
4. Fooled by Randomness, by Nassim Taleb;<br />
5. The Case against the Fed, by Murray Rothbard;<br />
6. Judgement under Uncertainty: Heuristics and Biases, eds Kahneman, Slovic and<br />
Tversky.</p>
<p>So what is your reading list? Tell us what you would include  and why.</p>
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		<title>Raging against the X Factor machine</title>
		<link>http://feeds.reuters.com/~r/reuters/blogs/ask/~3/zLEKQTduAyk/</link>
		<comments>http://blogs.reuters.com/uknews/?p=5216#comments</comments>
		<pubDate>Wed, 16 Dec 2009 12:08:23 +0000</pubDate>
		<dc:creator>Stephen Addison</dc:creator>
				<category><![CDATA[UK News]]></category>
		<category><![CDATA[internet]]></category>
		<category><![CDATA[music]]></category>
		<category><![CDATA[rage against the machine]]></category>
		<category><![CDATA[simon cowell]]></category>
		<category><![CDATA[x-factor]]></category>

		<guid isPermaLink="false">http://blogs.reuters.com/uknews/?p=5216</guid>
		<description><![CDATA[Do you agree with the campaign to keep winner Joe McElderry from the Christmas No. 1 spot? ]]></description>
			<content:encoded><![CDATA[<p><a href="http://blogs.reuters.com/uknews/files/2009/12/cowell1.jpg"><img class="alignleft size-thumbnail wp-image-5220" src="http://blogs.reuters.com/uknews/files/2009/12/cowell1-150x150.jpg" alt="" width="150" height="150" /></a>Simon Cowell says the Internet campaign to keep X factor winner Joe McElderry from the coveted Christmas No. I  spot is aimed at him rather than the type of music the show produces.</p>
<p>He calls the campaign stupid.</p>
<p>But critics of the show loathe what they call the "karaoke" of X Factor and thousands have backed the push to get an anti-establishment track by American rockers Rage Against the Machine up into the top slot next week.</p>
<p>The band's guitarist Tom Morello told the BBC: "I think people are just fed-up of being spoonfed some overblown sugary ballad that sits on top of the charts. It’s a little dose of anarchy for the holidays, it’s good for the soul.”</p>
<p>It's good for Sony too, analysts have noted, since both records are on its label.</p>
<p>Critics of the Internet campaign note that record numbers of viewers watched last weekend's X Factor final and millions voted for McElderry. If so many people like him, why should he not be No. I they ask.</p>
<p>What do you think?</p>
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		<title>Time to kick Russia out of the BRICs?</title>
		<link>http://feeds.reuters.com/~r/reuters/blogs/ask/~3/WVp0dfubH8I/</link>
		<comments>http://blogs.reuters.com/globalinvesting/?p=3152#comments</comments>
		<pubDate>Thu, 03 Dec 2009 09:20:32 +0000</pubDate>
		<dc:creator>Jeremy Gaunt</dc:creator>
				<category><![CDATA[Ask]]></category>
		<category><![CDATA[Brazil]]></category>
		<category><![CDATA[BRICS]]></category>
		<category><![CDATA[china]]></category>
		<category><![CDATA[emerging markets]]></category>
		<category><![CDATA[india]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[Russia]]></category>
		<category><![CDATA[stocks]]></category>

		<guid isPermaLink="false">http://blogs.reuters.com/globalinvesting/?p=3152</guid>
		<description><![CDATA[An argument is being made that Goldman Sach's famous marketing device, the BRICs, should really be the BICs. Does Russia really deserve to be a BRIC?]]></description>
			<content:encoded><![CDATA[<p>It may end up sounding like a famous <a href="http://www.bicworld.com/index_en.asp">ball-point pen maker</a>, but an argument is being made that Goldman Sach's famous marketing device, the BRICs, should really be the BICs. Does Russia really deserve to be a BRIC, <a href="http://www.foreignpolicy.com/articles/2009/12/02/kick_russia_out_of_bric?page=0,1">asks</a> Anders Åslund, senior fellow at the <a href="http://www.iie.com/">Peterson Institute for International Economics</a>, in an article for Foreign Policy.</p>
<p>Åslund, who is also co-author with Andrew Kuchins of <a href="http://www.piie.com/publications/briefs/aslund-kuchins-4242.pdf">"The Russian Balance Sheet"</a>, reckons the Russia of <a href="http://blogs.reuters.com/globalinvesting/files/2009/12/russia.jpg"><img class="attachment wp-att-3166 alignright" src="http://blogs.reuters.com/globalinvesting/files/2009/12/russia.jpg" alt="" width="179" height="240" align="left" /></a>Putin and Medvedev is just not worthy of inclusion alongside Brazil, India and China  in the list of blue-chip economic powerhouses. He writes:</p>
<blockquote><p>The country's economic performance has plummeted to such a dismal level that one  must ask whether it is entitled to have any say at all on the global economy,  compared with the other, more functional members of its cohort.</p>
<p>I have just returned from Moscow, which is always dreary around this season. But  this year, the mood among the capital's eloquent liberal economists has hit a  new low. For the last seven years, Russia has undertaken no significant economic  reforms. Instead, the state has been living off oil and gas, like a lucky but  undeserving rentier."</p></blockquote>
<p>Economically, Åslund has the numbers on his side. The International Monetary Fund <a href="http://www.imf.org/external/pubs/ft/weo/2009/02/pdf/tblpartb.pdf">estimates</a> that the Russian economic will contract by 6.7 percent this year, while China will grow 8.5 percent and India 5.4 percent. There is less of a case for Brazil, with a contraction of 0.7 percent projected, but it is still doing far better than Russia.</p>
<p>But the BRICs concept is not just about economics. As mentioned, it is a marketing device to urge investors to focus on the big emerging players. From an investment standpoint, it could be argued that Russia is leading the BRICs. Its stock market is up 128 percent this year versus around 80 percent for the other three.</p>
<p>At very least, however, Russia's economic underperformance and stock market outperformance does suggest it is the outlier of the group.</p>
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		<title>Murdoch mad as hell and ready to charge</title>
		<link>http://feeds.reuters.com/~r/reuters/blogs/ask/~3/Zgs03HWBaSo/</link>
		<comments>http://blogs.reuters.com/ask/2009/11/24/murdoch-mad-as-hell-and-ready-to-charge/#comments</comments>
		<pubDate>Tue, 24 Nov 2009 15:20:22 +0000</pubDate>
		<dc:creator>Mario Di Simine</dc:creator>
				<category><![CDATA[Ask]]></category>
		<category><![CDATA[Bing]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Murdoch]]></category>
		<category><![CDATA[News Corp]]></category>
		<category><![CDATA[newspapers]]></category>
		<category><![CDATA[search engines]]></category>

		<guid isPermaLink="false">http://blogs.reuters.com/ask/?p=11105</guid>
		<description><![CDATA[Rupert Murdoch says he might pull News Corp’s news from Google’s Web search results and list the stories on Microsoft’s Bing. The catch is that Microsoft would pay for the service, giving Murdoch a fresh revenue stream. Will the gamble pay off?]]></description>
			<content:encoded><![CDATA[<p><a href="http://blogs.reuters.com/ask/files/2009/11/murdoch1.jpeg"><img class="attachment wp-att-11106 alignleft" src="http://blogs.reuters.com/ask/files/2009/11/murdoch1.jpeg" alt="" width="450" height="327" align="left" /></a>Rupert Murdoch is mad as hell and it appears he’s not going to take it anymore. <a href="http://www.reuters.com/article/technologyNews/idUSTRE5AN23V20091124">The media mogul and News Corp chief is upset at Google, saying the Internet search giant is ruining the newspaper business.</a></p>
<p>Not one to sit and around and just gripe about things, Murdoch says he might pull News Corp’s news from Google’s Web search results and <a href="http://www.reuters.com/article/technologyNews/idUSTRE5AM02W20091124">list the stories on Microsoft’s Bing.</a> The catch is that Microsoft would pay for the service, giving Murdoch a fresh revenue stream.</p>
<p>The problem is that many news organizations are fed their Web audience via Google search. If viewer rates fall, so too, the theory says, will ad dollars.</p>
<p>If it works, however, you can bet big dollars that other publishers and content providers will follow suit.</p>
<p>What do you think? Will Murdoch’s gamble work?  Should search engines pay for the privilege of listing a publisher’s content?</p>
<p>Leave your comments below.</p>
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		<item>
		<title>Crisis? What Crisis?</title>
		<link>http://feeds.reuters.com/~r/reuters/blogs/ask/~3/SFKnQSOs3g4/</link>
		<comments>http://blogs.reuters.com/macroscope/?p=2587#comments</comments>
		<pubDate>Wed, 18 Nov 2009 10:22:26 +0000</pubDate>
		<dc:creator>Jeremy Gaunt</dc:creator>
				<category><![CDATA[MacroScope]]></category>
		<category><![CDATA[emerging markets]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Great Depression]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[macroseconomics]]></category>
		<category><![CDATA[Supertramp. Nouriel Roubini]]></category>

		<guid isPermaLink="false">http://blogs.reuters.com/macroscope/?p=2587</guid>
		<description><![CDATA[Are we now getting blasé about the latest crisis? Not so long ago, perfectly respectable economists and financial analysts were talking about a new Great Depression. The world was on the brink, it was said. Now, though, consensus appears to be that it is all over bar the shouting. Is the world safe?]]></description>
			<content:encoded><![CDATA[<p>The title of this post is taken from two sources. One was a <a href="http://cdn.dipity.com/uploads/events/cbea4697acd6483ff0085a289d5c82f3.jpg">headline</a> in British tabloid, The Sun, in January 1979, when then-prime minister James Callaghan<a href="http://news.bbc.co.uk/onthisday/hi/dates/stories/january/10/newsid_2518000/2518957.stm"> denied</a> that strike-torn Britain was in chaos. The second was the title of a 1975 album by prog rock band <a href="http://www.supertramp.com/_albums.html">Supertramp</a> that <a href="http://blogs.reuters.com/macroscope/files/2009/11/crisis1.jpg"><img class="attachment wp-att-2614" src="http://blogs.reuters.com/macroscope/files/2009/11/crisis1.jpg" alt="" width="299" height="300" align="right" /></a>famously showed someone sunbathing amidst the grey awfulness of the declining industrial landscape.</p>
<p>Are we now getting blasé about the latest crisis? Not so long ago, perfectly respectable economists and financial analysts were talking about a new Great Depression. The world was on the brink, it was said. Now, though, consensus appears to be that it is all over bar the shouting. The world is safe.</p>
<p>Wealth managers at Barclays have gone as far as <a href="http://www.barclayswealth.com/Images/Compass-Investment-Strategy-EMEA-September-2009.pdf">telling their clients</a> to get over it.</p>
<blockquote><p>Move past the crisis .... The past year's events were deeply traumatic for most investors, but now is the time to move on, and take a more "business as usual" approach ...."</p></blockquote>
<p>Such bullishness may not be comforting to the record numbers of jobless in parts of the world, but it is bordering on consensus. It is left to the likes of perma-bears such as  Nouriel Roubini to try to burst the bubble of optimism on which many are floating. The economist began one of his latest <a href="http://www.rgemonitor.com/roubini-monitor/257978/the_worst_is_yet_to_come_unemployed_americans_should_hunker_down_for_more_job_losses">articles </a>bluntly:</p>
<blockquote><p>Think the worst is over? Wrong.</p></blockquote>
<p>Roubini's main point is that unemployment is likely to get worse rather than better and that many U.S. jobs that have been lost will not come back.</p>
<p>Now, there can obviously be a disconnect between markets and economics, but the former tends to be based on assumptions about the latter. So which is right? Are we out of the woods? Or should Supertramp be firing up their keyboards again?</p>
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		<title>Should Barack Obama be in Berlin to mark the fall of the Berlin Wall?</title>
		<link>http://feeds.reuters.com/~r/reuters/blogs/ask/~3/Gw3tPrIW-bw/</link>
		<comments>http://blogs.reuters.com/ask/2009/11/09/should-barack-obama-be-in-berlin-to-mark-the-fall-of-the-berlin-wall/#comments</comments>
		<pubDate>Mon, 09 Nov 2009 13:30:07 +0000</pubDate>
		<dc:creator>Erik Kirschbaum</dc:creator>
				<category><![CDATA[Ask]]></category>
		<category><![CDATA[berlin]]></category>
		<category><![CDATA[berlin wall]]></category>
		<category><![CDATA[cold war]]></category>
		<category><![CDATA[comunism]]></category>
		<category><![CDATA[george bush]]></category>
		<category><![CDATA[Germany]]></category>
		<category><![CDATA[helmut kohl]]></category>
		<category><![CDATA[mikhail gorbachev]]></category>

		<guid isPermaLink="false">http://blogs.reuters.com/ask/?p=11085</guid>
		<description><![CDATA[Should Barack Obama have come to Berlin for the 20th anniversary celebrations of the fall of the Berlin Wall? He is the only major world leader who won't be in the city split by the Cold War until 1989.]]></description>
			<content:encoded><![CDATA[<p><a href="http://blogs.reuters.com/ask/files/2009/11/berlin-wall-monday6.jpg" title=""><img src="http://blogs.reuters.com/ask/files/2009/11/berlin-wall-monday6.jpg" alt="" align="right" width="300" height="201" class="attachment wp-att-11097 " /></a>There is one world leader who is <em>not</em> coming to Berlin to mark the 20th anniversary of the Berlin Wall&#8217;s fall -U.S. President Barack Obama. Much to the chagrin of the German government that spent months trying to get him, Obama won&#8217;t be here. It&#8217;s turned into a bit of a <a href="http://www.foxnews.com/politics/2009/11/08/obama-draws-criticism-sitting-berlin-wall-anniversary/">political controversy </a>in the United States.</p>
<p>But it&#8217;s also intriguing to Germans and German media. Why isn&#8217;t Obama here? Berlin loves (most) American presidents &#8212; going back to John F. Kennedy&#8217;s &#8220;Ich bin ein Berliner&#8221; speech. Is there more than meets the eye to Obama&#8217;s decision not to come? </p>
<p>Obama, of course, wanted to speak at the Brandenburg Gate in July 2008, when he was <em>only</em> the Democratic candidate. Merkel intervened to prevent that from happening &#8212; he ended up giving the speech a few km away at the Victory Column. Tomorrow, Obama <em>could</em> have spoken at the Brandenburg Gate. </p>
<p>Obama <em>did </em>come back to Berlin after that speech in front of 200,000 spectators as presidential candidate (<a href="http://www.reuters.com/article/politicsNews/idUSL238333620080724">www.reuters.com</a>) last year &#8212; but only as a wax figure at Madame Tussauds (photo) The life-like creation was included at Madame Tussauds in Berlin, just a few blocks east of the Brandenburg Gate, in January.</p>
<p>So what do you think? Should Obama have come to Berlin?</p>
<p>Take part in our poll and look for results and more information on our Berlin Wall live blog: <a href="http://blogs.reuters.com/global/2009/11/04/the-berlin-wall-20/">http://blogs.reuters.com/global/2009/11/ 04/the-berlin-wall-20/</a></div>
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		<item>
		<title>POLL: Is Goldman Sachs “doing God’s work”? Its CEO thinks so</title>
		<link>http://feeds.reuters.com/~r/reuters/blogs/ask/~3/dDydnLbUiEY/</link>
		<comments>http://blogs.reuters.com/faithworld/?p=9479#comments</comments>
		<pubDate>Sun, 08 Nov 2009 14:43:21 +0000</pubDate>
		<dc:creator>Reuters Staff</dc:creator>
				<category><![CDATA[FaithWorld]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[blankfein]]></category>
		<category><![CDATA[financial crisis]]></category>
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		<category><![CDATA[Goldman Sachs]]></category>
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		<guid isPermaLink="false">http://blogs.reuters.com/faithworld/?p=9479</guid>
		<description><![CDATA[The man the London Sunday Times calls the most powerful banker on Earth says he is "just a banker 'doing God’s work'." ]]></description>
			<content:encoded><![CDATA[<p style="text-align: center;"><a title="sunday-times" href="http://blogs.reuters.com/faithworld/files/2009/11/sunday-times.jpg"><img class="attachment wp-att-9480 aligncenter" src="http://blogs.reuters.com/faithworld/files/2009/11/sunday-times.jpg" alt="sunday-times" width="385" height="240" align="none" /></a></p>
<p>Check out <a href="http://www.timesonline.co.uk/tol/news/world/us_and_americas/article6907681.ece">the headline</a> at the bottom left of the <em>Sunday Times</em> front page. The man the London paper calls the most powerful banker on Earth says he is <em>"just a banker '<a href="http://www.timesonline.co.uk/tol/news/world/us_and_americas/article6907681.ece?token=null&amp;offset=36&amp;page=4">doing God’s work'" </a>.</em></p>
<p>The report says Goldman Sachs chief executive Lloyd Blankfein<em>"proudly pays himself more in a year than most of us could ever dream of — $68m in 2007 alone, a record for any Wall Street CEO, to add to the more than $500m of Goldman stock he owns" .</em></p>
<p>Goldman Sachs looks set to <a href="http://www.reuters.com/article/rbssBanks/idUSN1531732720091015">pay about $20 billion in bonuses</a> for its top traders this year, at a time when the fallout from last year's financial crisis is still being felt and the United States unemployment rate has hit 10.2 percent, a 26-1/2-year high.</p>
<p>In his defence, Blankfein said in the interview: <em>"We help companies to grow by helping them to raise capital. Companies that grow create wealth. This, in turn, allows people to have jobs that create more growth and more wealth. It’s a virtuous cycle ... We have a social purpose." </em></p>
<p><em><br />
</em></p>
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