Wall Street

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017-Marketing-500
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Innovation to the rescue?

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Will technology innovation eventually help lead the economy out of recession?   Simon Johnson of the MIT Sloan School of Management is predicting "a wave of entrepreneurship,"  which will start "right away" but whose total effect won't be felt for about five years, according to a recent article in The Boston Globe.

017-Innovation-500
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Reallocating Wall Street talent

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“Highly skilled labor should be reallocated away from the financial industry towards more innovative sectors” of the economy, writes MIT economist Daron Acemoglu in a new essay.

09-Innovation-500
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Innovations, good and bad

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As he analyzed the financial crisis for Newsweek, Johns Hopkins professor Francis Fukuyama contrasted Silicon-Valley-style technological innovation and financial innovation. Supporters of financial regulation, Fukuyama wrote, had
argued that long-standing regulations like the Depression-era Glass-Steagall Act (which split up commercial and investment banking) were stifling innovation and undermining the competitiveness of U.S. financial institutions.

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040-Global-Business-500
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Lessons from the Japanese financial crisis

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As Wall Street staggered this week in the wake of Lehman Brothers' Chapter 11 bankruptcy filing and the sale of Merrill Lynch, commentators began making inevitable comparisons to Japan's long-lasting financial and real-estate crisis in the 1990s. "Is Wall Street's Crisis Turning Japanese?" Forbes.com asked.

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