Santa Cruz News
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Effective or not, bailouts somehow seem unjust. Why use taxpayer money to save the companies that actually caused the meltdown, the banks that made the reckless loans, and insurance companies that wrote too many credit- default swaps? More broadly, why save the state and local governments that offered overly generous pensions? Or auto companies too fat and lazy to match foreign competitors? They deserve to suffer the consequences of their behavior.
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The Greek philosophers were not entirely wrong about markets. When they reward cooperation, people become more obliging and virtuous -- but markets don’t always reward it. Though on balance they have greatly improved our moral behavior, they can also degrade it.
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A Sunday night ritual has Argentines tuning in and President Cristina Fernandez de Kirchner taking heat.
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Real Madrid beat Malaga 6-2 to prevent Barcelona from securing the Spanish La Liga soccer title, while Napoli clinched one of Italy’s Champions League spots.
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HSBC Holding Plc hired Matias Santa Cruz from UBS AG to head Brazilian equity capital market operations.
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Blackburn Rovers signed former striker Roque Santa Cruz on loan from Manchester City until the end of the season, the Premier League club said on its website.
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Joaquin Almunia, the European Union’s antitrust commissioner, said he’s seeking more openness in the way industry standards are set for products such as mobile phones.
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Newmont Mining Corp., the world’s second-largest gold producer, is cutting 6,000 jobs at its suspended $4.8 billion Peruvian gold project to reduce costs, Vice President Carlos Santa Cruz said.
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The following is a roundup of soccer stories from U.K. newspapers, with clickable Internet links.
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YPF SA, Argentina’s largest oil company, signed contracts to export crude as its La Plata refinery operates at about half of normal output levels after a fire earlier this month, a government official said.
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