Friday, January 4, 2008

photo by aussiegall

"It's interesting that the industry has invented new ways to lose money when the old ways seemed to work just fine," joked John Stumpf, president of Wells Fargo & Co. (via the Big Picture)

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In the news:

Stocks slumped after a much weaker-than-expected report on December hiring and a sharp jump in the unemployment rate to 5%.

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