Monday, August 8

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By 2006, S&P was making its own study of such loans' performance. It singled out 639,981 loans made in 2002 to see if its benign assumptions had held up. They hadn't. Loans with piggybacks were 43% more likely to default than other loans, S&P found. In April 2006, S&P said it would raise by July the amount of collateral underwriters must include in many new mortgage portfolios. For instance, S&P could require that mortgage pools have extra loans in them, since it now expected a larger number to go bad. Still, S&P didn't lower its ratings on existing securities, saying it had to further monitor the performance of loans backing them. It thus helped the market for these loans hold up through the end of 2006.

Thursday, August 4

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On the restauranteur behind New York’s Gramercy Tavern and Shake Shack.

Sunday, July 31

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How Tim Durham funded a libertine lifestyle—dozens of luxury cars, Playboy-themed parties, a plethora of failed businesses—on the backs of unwitting Ohioans, many of them Amish.

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How Tim Durham funded a libertine lifestyle—dozens of luxury cars, Playboy-themed parties, a plethora of failed businesses—on the backs of unwitting Ohioans, many of them Amish.

Thursday, July 28

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In anonymous warehouses in Detroit, Goldman Sachs has hoarded a quarter of the world’s supply of aluminum, placing them firmly in control of trading on the London Metal Exchange.

Monday, July 25

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A profile of under-fire Goldman Sachs Ceo Lloyd Blankfein.

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A profile of under-fire Goldman Sachs Ceo Lloyd Blankfein.

Wednesday, July 20

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An early profile of Mrs. Murdoch that made her husband very angry.

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A profile of Rupert Murdoch from 1995, as he fought monopoly charges in the U.S. and U.K. and prepared to expand his empire into China.

Murdoch is a pirate; he will cunningly circumvent rules, and sometimes principles, to get his way, as his recent adventures in China demonstrate.

Monday, July 18

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How Ray Dalio built the world’s richest and strangest hedge fund.

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How Ray Dalio built the world’s richest and strangest hedge fund.

Friday, July 15

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Is the streaming Swedish music service, now making its U.S. debut, the best shot the industry has at staying profitable and relevant?