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Capture The Recession: Everything On Sale (SLIDESHOW)

August 10, 2009

What does the recession look like to you? Tough times can inspire lasting images, and the HuffPost’s Eyes & Ears is compiling a photo album of our readers’ most evocative recession pictures. To submit a photo to the contest, join our Flickr group and add your photos to the group pool. It’s easy to sign up for a flickr account if you don’t already have one. And you can check out the entire collection of recession photos in our Capture the Recession Flickr group pool . Vote below on the images you think best capture the changes brought on by the global recession. You can also take a look at the first slideshow installment here . Get HuffPost Eyes&Ears on Facebook and Twitter!

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SL Green Selling Half of 485 Lexington

August 9, 2009

SL Green Realty Corp. has agreed to sell a 49.5% interest in 485 Lexington Ave., the first part of a major New York City transaction that may eventually include the entire asset. A joint venture of Optibase Ltd. and Gilmor USA LLC entered into a sale…

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Ethics Questions Linger Over Paulson’s Calls To Goldman During Financial Crisis

August 8, 2009

Before he became President George W. Bush’s Treasury secretary in 2006, Henry M. Paulson Jr. agreed to hold himself to a higher ethical standard than his predecessors. He not only sold all his holdings in Goldman Sachs, the investment bank he had run, but also specifically said that he would avoid any substantive interaction with Goldman executives for his entire term unless he first obtained an ethics waiver from the government.

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Fannie Mae, Freddie Mac Unlikely To Return Bailout Money

July 31, 2009

The regulator of Fannie Mae and Freddie Mac said it was unlikely that the federal government would ever be paid back the entire $85 billion spent so far on bailing out the firms — and added that the cost was going to rise as additional funds are drawn. “Their book is so large,” James Lockhart, director of the Federal Housing Finance Agency, said at the National Press Club. “It’s hard for me to see that they will be able to repay all of that.”

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Les Leopold: Enslaved by Our 401ks?

July 28, 2009

About 40 years ago an elderly man approached me after an economics class we had put on for a group of oil and chemical workers at Rutgers University.

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