Lloyd Blankfein: Big Banks in Sound Health, Despite Turmoil

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Goldman Sachs’ Lloyd Blankfein defended the financial health of the biggest banks, arguing that investors haven’t accounted for the steps taken to fortify balance sheets in the years since the financial crisis.

The Thorny Economics of Illegal Immigration

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Arizona’s economy took a hit when many illegal immigrants left for Mexico, but there were more jobs and higher wages for some low-skilled workers.

African Mining Conference Kicks Off With a Whimper

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The industry’s most important conference kicked off this week in Cape Town with the sector in a state of collapse.There were few deals to discuss as a colossal slump in commodity prices cast a pall over the sector’s biggest party.

African Mining Conference Kicks Off With a Whimper

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The industry’s most important conference kicked off this week in Cape Town with the sector in a state of collapse.There were few deals to discuss as a colossal slump in commodity prices cast a pall over the sector’s biggest party.

Legal Fees Cross New Mark: $1,500 an Hour

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Partners at some of the top U.S. law firms are approaching—and sometimes surpassing—the watershed billing rate of $1,500 an hour, making the $1,000-an-hour legal fees that once seemed so steep look quaint by comparison.

White House: Budget Request Will Include Doubling SEC, CFTC Funding by 2021

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The Obama administration will call on lawmakers to double the budgets of the top U.S. market cops over the next several years

Phones Are Putting an End to Password123

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Technologists are working hard to find alternatives to pesky computer passwords. Aiming to strike a balance between security and ease of use, big tech firms are turning to the smartphone as a replacement for passwords and other identification.

Japan and the Strange Case of the Negative Bond Yields

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The global government bond market just took a step further through the looking glass.

Government Targets Commissions on Variable Annuities

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A proposed rule, expected to be finalized as soon as next month, would hold advisers working with retirement savings to a “fiduciary” standard.

Fortis to Buy ITC for $6.9 Billion

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Canadian utility operator Fortis Inc. agreed to buy U.S. electricity-transmission company ITC Holdings Corp. for about $6.9 billion in cash and stock.

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