Mr. Saez is a professor of economics at UC Berkeley and a John Bates Clark medalist.

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So is John Bates, whose release from prison was a relief.

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"The good thing is that nothing went really seriously wrong--apart, of course, from the economy at large, " says John Bates, general manager of Progress Software, which sells trading risk control systems.

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And so once again we are faced with a sympathetic, beaten Thomas Barrow, a man who has squandered all his good will, all his money, and now must leave Downton with no reference at all a perfect storm of misery and ruin into which the always compassionate John Bates inserts himself.

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