Frontrunning: March 12

• Initial jobless claims rise to 654k as continuing claims hit record 5.3 million
• The ruble back to center stage (Bloomberg)
• Wall Street base salaries to double (Bloomberg)
• The Madoff drama climax (Reuters)
• How to deal with the insurance bailout (WSJ)
• Citi execs $2.2 million benefit from Pandit memo leaks, insider trading anyone (Bloomberg)
• Unemployment to reach 10% (Reuters)
• Which US city will be first with zero newspapers (NYT)

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