The News: Trader Monthly RIP

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You may have heard about the demise of Trader Monthly, that glossy collection of soft-core lifestyle porn that celebrated the in-your-face hedonism of the ubertrader. Given today's conditions, it's probably just as well it's not around to provide more ammunition for those bent on seeing Wall Street twist in the wind. I always thought the magazine presented more a caricature of traders than a real portrait, but, alas, right now it's the caricature people from Washington to Indiana seem to have in their heads. Though I'm sure the people who brought us Trader Monthly are very nice, the magazine's departure from the scene represents a little step forward for the rest of us as we begin the business of rebuilding our business. (It's too bad The Wall Street Journal, in the headline of Thomas Frank's op-ed piece, relied on such a broad brush.)

Wall Street Mocked American Values [WSJ]


Speaking of image-consciousness, Goldman Sachs is moving its technology and Internet conference from Las Vegas to San Francisco [The Guardian]

One way to survive a layoff is to get back to basics when it comes to doing your job. [WSJ]

We're going back to the future [WSJ]

Banks are paying real money for retail brokers [Hedgeworld]

Someone's discovered a correlation between swimsuit models and market performance. Someone has too much time on their hands. [Globe & Mail]

Ken Lewis: Rumors of our nationalization are greatly exaggerated (Actually, 'unfounded'). [WSJ]

Marten Hoekstra will lead UBS Wealth Management Americas [InvestmentNews]

More layoffs at UBS, Merrill Lynch and Bank of America [The Deal]

Wait. What? People are buying houses? Apparently so... [WSJ]

It sucks to be an economist right now [WSJ]

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