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Preliminary Analytics | 11.19.09

money.jpgBetter Paydays Ahead – “Many employers are planning to reinstate merit increases in 2010, but some compensation experts say base salaries are unlikely to return to pre-recession levels anytime soon, if ever.” Probably not what you had in mind. [WSJ]
Reid $849 Billion Measure Widens Health Coverage, Cuts Deficit – “Senate Majority Leader Harry Reid unveiled an $849 billion health-care plan that would create new government competition for private insurers, cover almost all Americans and raise a payroll tax on the highest earners.” [Bloomberg]
Democratic Rep. DeFazio Calls for Geithner and Summers to Be Fired – This smells desperate. [Naked Capitalism]
Exclusive: GM Must Pay Debt, Make Money Before IPO – ” General Motors should focus on making money and repaying U.S. Treasury loans before turning to public markets to sell the taxpayer’s stake in the automaker.” Seems like a reasonable strategy. [Reuters via NYT]
Bill Richardson’s Awkward Link To Alleged Ponzi Schemer – Apparently Hassan Nemazee’s firm has a four year contract to manage money for the Land of Enchantment. Yeah, that is awkward. [Forbes]