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Daily News, New York, Wall Street column.
By Tom Van Riper, Daily News, New York Knight Ridder/Tribune Business News
Dec. 23--BONUS BABIES WON'T TAKE CUTS: Wall Street hotshots are lining up for the second biggest bonus windfall in history despite a big slip in the industry's profits that stunted job growth.
Bonuses on Wall Street are projected to hit $15.9 billion this year, a fraction more than 2003 and the highest total since the dot-com bubble in 2000, state controller Alan Hevesi said in a report on the health of the securities industry.
The big bonus pool comes in the face of a 22 percent slip in profits from last year that's held hiring to just 100 new positions in the past 12 …
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