Web Editors' Choice 2012

By Bloomberg - 2012-12-24T16:25:34Z

Photograph by Scott Eells/Bloomberg

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The Plight of the 1 Percent

From barrooms (yes, literally) to boardrooms, Bloomberg's Max Abelson specializes in letting folks on Wall Street express what they are feeling, in times of plenty and in times of stress. Abelson brings a notebook and a very careful eye for detail. His subjects bring their outlook on what it's like to live at the top of the economic pyramid, describing their hopes, fears and an occasional $999 bottle of Bordeaux. Abelson's story about the difficulties of having your income cut to $350,000 a year struck a particular chord with readers -- for many, not a very musical one.