The New York Knickerbocker basketball club is now a woeful 4-16, the worst start in its storied history. It wasn’t supposed to be this way. With the hiring of Phil Jackson as president, the Knicks were supposed to be on their way back to the playoffs, not struggling to avoid embarrassment. The lesson for suffering […]

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Poor Bank of America. Six years ago it scooped up mortgage-battered Countrywide Financial and Merrill Lynch at bargain prices. It’s been paying ever since. Including last week’s deal with the U.S. Justice Department, the cost to BofA shareholders from regulatory settlements tops $50 billion. That figure doesn’t count the damage to the BofA brand, which […]

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