Front Page Translations

Lately, the business headlines have been shocking and deceptive. Each day, I'm going to pick a few off the cover of the Wall Street Journal and Financial Times, and try to explain, briefly, what's really going on.

The Goldman Sachs ultra-fast computer-transaction scandal: Big fast computers connected to the trading floor allow "connected" financial firms like Goldman Sachs to see our stock trades before they are actually executed. They can then take action based on our actions, by going back in