Economy May 23

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Is It Dumb to Play the Lottery?

We received a fascinating email in response to last week's installment of Tuesday's Tool$, an online 'game' called "Spent." Yan wrote: That wasn't a game, that was more like a questionnaire. (Note: I live in Asia) I still have…

Economy May 20

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Why Were Banks Allowed to Bet on Derivatives?

Question: How did the dollar volume of U.S. mortgages get to be such a huge dollar problem? Did derivatives do that? Why are investment banks allowed to bet 34 dollars for only one they have? Paul Solman: First, a word…

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