$$$ White men get paid more on Wall Street [DealBook]
$$$ "If I understand the news coming out of Europe correctly, the new head of the European Central Bank is offering a simple deal: If fiscal policy becomes hawkish, monetary policy will be dovish.” [Greg Mankiw]
$$$A pimp who asked to be treated as an expert witness in the ways of prostitution was convicted of robbery and assault charges but cleared of raping a woman who worked for him. ... McCord testified that he was certified as a member of the "quiet society of pimps" and he was simply disciplining one of the women according to a “code of conduct.” [NYP]
$$$ "Just one in four managers beat the major stock indexes this year" [CNBC]
$$$ FCC rejection of AT&T/T-Mobile deal is "central planning at its most repugnant" [TOTM]
$$$ If you're looking for Jon Corzine next Thursday, try the House Agriculture Committee [WSJ]
$$$ The GMAT is getting harder, still nothing on the CFA [FINS]
$$$For the holidays, get the Wall Streeter and/or Occupy Wall Streeter in your life a signed, numbered Geoffrey Raymond print, just like the one we have at Dealbreaker HQ (ours is the Lenny Dykstra). $250 a pop, with discounts for sets and guaranteed holiday delivery. Details here; contact him directly at firstname.lastname@example.org.