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CNBC Reports: "New York's street-cart vendors aren't just low-income immigrants anymore"

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They're ex-investment bankers too!

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How Your CNBC Sausage Gets Made (Update)

Step 1: Come up with story idea, say, about how small businesses are being hurt due to the NBA lockout Step 2: Reach out to Twitter followers, ask them to corroborate said story Step 3: Wait. Step 4: Practice asking Kate Upton to be your Valentine. ["Will you, Kaaa" voice cracks. "Will you, Kate Upton.." No, that's stupid. "Kate I would be most honored if you.."] Step 5: Daydream about how you and "Katie" will tell your families you eloped. Step 6: Marvel at your good fortune when a guy, who in real life is a bored teenager but over the internet seems like a legit businessman, emails you to say that he runs an escort service in New York, "mostly for away team players after games but some Knicks and Nets too; they are high rollers and I'm not getting the constant business I that I need to stay running." Step 7: Double fist pump the air and shout "Yes, D-Rove, you got this!" Step 8: Breathe, tell yourself to calm down and reel it in. Step 9: Put on your reporter hat and ask "Henry James" some questions like, "How much money would say you're losing? What cut do you then get? What is the cheapest woman and what is the most expensive woman? I assume it's by the hour and what is the typical # of hours?" Step 10: Make no attempt to verify source is who he says he is, that his business exists, that you're not being taken for a ride. Step 11: Cut, print. How A Teenager With A Fake Escort Service Duped Darren Rovell And CNBC [Deadspin] Related: SI Swimsuit Model Doesn’t Have To Worry About Things Getting Weird With CNBC Reporter Because He’s Known Her Since She Was 17

New Fidelity Investments Chief Takes No Prisoners

Her father knows what we're talking about.

Hiring Watch '12: UBS Was Just Joking When It Fired Scores Of Employees In The Harshest Ways Imaginable

Remember last week when UBS called New York based employees the day after Hurricane Sandy to tell them they no longer had a job, and communicated the same news to London-based staff by deactivating their ID cards and cutting off their email access? The bank is hoping everyone is at the point where they can laugh about all that, as apparently management got a bit overzealous with its firings-- these things happen in the heat of the moment-- and actually let go of a few too many people, who are now being offered their jobs back. UBS has brought back several employees who were put on leave when it unveiled a drastic pullback from fixed income last week, and more could follow, sources familiar with the situation said. The Swiss bank stopped dozens of traders from reaching their desks in London last Tuesday, when it unveiled an exit from most of its rates and bond trading businesses in a strategic overhaul that will lead to 10,000 global layoffs. The bankers were placed on special leave until further notice, while in the United States UBS fired several fixed-income employees by phone. UBS has already brought back a small handful of employees who were on leave, two people familiar with the matter said. It could also ask more to return or rehire some where needed, said three other sources, including UBS insiders, adding that some desks were now too thinly staffed to operate properly, if they were desks the bank ultimately wanted to keep going. No hard feelings? UBS takes back some traders on leave amid overhaul [Reuters] Earlier: UBS Takes Swift Action On Job Cuts; Layoffs Watch ’12: UBS Tells Employees Not To Bother Themselves With Figuring Out How To Get Into Work (Ever Again)