Rather than a higher return going forward, this price decline could reflect a consensus opinion that a massive depression is coming -- a 34% permanent decline in earnings and dividends and a massive wave of bankruptcies.

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The hit to earnings is permanent.

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When it comes to male labor earnings, the researchers found, the entire increase in inequality was permanent.

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Sirius XM Radio parted ways with former CEO Mel Karmazin, and along with its quarterly earnings Tuesday the satellite radio company said his interim replacement Jim Meyer will get the job on a permanent basis.

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