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U.S. Tariffs On China Show The Solar Power War Is Escalating Significantly
A full-on global tariff war has broken out among countries seeking to protect domestic solar energy interests.Over the past week, two fronts have opened:Last Monday, China accused the E.U., Italy and...
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A Zynga Board Member BOUGHT $560,000 Worth Of Zynga Stock Last Week (ZNGA)
Ellen Siminoff, a longtime Internet executive who joined the board of Zynga this summer, bought 250,000 shares at $2.22 a share last week.The stock is now trading around $2.14, so Siminoff is already...
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Sorry, Here's Why People Aren't Buying The Report About The US Achieving Oil...
This morning, the IEA released a report announcing the U.S. would become "all but self‐sufficient" in terms of energy use by 2035 "thanks to rising production of oil, shale gas and bioenergy, and...
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Why Hillary Clinton Should Be Our Next Treasury Secretary
The chatter over who will the next Treasury Secretary has heated up now that the election is behind us. Given that the position will likely be—as things stand right now—central to the nation’s next...
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STOCKS GO NOWHERE: Here's What You Need To Know
Today was pretty quiet on Wall Street as banks and cash bonds were closed to observe Veterans day while the stock market remained open for business.First, the scoreboard:Dow: 12,816, +2, +0.2...
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CHART OF THE DAY: One Big Risk People Have Forgotten Thanks To The Fiscal Cliff
The fiscal cliff has completely dominated the headlines since the presidential election was decided last Tuesday.BofA Merrill Lynch's latest client survey of fixed-income investors confirms that the...
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Amazing Facts About US Presidential Voting By Sex, Age, Race, Money, And...
The New York Times has an awesome graphical breakdown of voting data from the 2012 Presidential election.In case you had any doubt about how the country breaks down along gender, age, race, financial...
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BARCLAYS: North Dakota's Shale Boom Has Reached A Tipping Point
Thanks to its shale boom, North Dakota has treated many Americans very well. But Barclays' Paul Horsnell (via Reuters' John Kemp) says the state's oil and gas development now finds itself at a tipping...
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Iran Unveils Drone-Launching, Missile-Equipped Hovercrafts During Massive...
Iran unveiled its new super agile "Tondar" combat hovercraft yesterday, and every kid is going to want one for Christmas.The "Tondar," or Thunderbolt, fires off drones, missiles, and machine guns — and...
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NBCUniversal Is Laying Off 450 Workers
LOS ANGELES (AP) — NBCUniversal is laying off about 450 people, or roughly 1.5 percent of its workforce of about 30,000, in a round of belt-tightening that began in September.That's according to a...
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China Is 'Actively Studying' An Expansion Of An Experimental Property Tax
The Chinese government is "actively studying an expansion of the experimental property tax program" and could expand it, according to a Xinhua report that cited Jiang Weixin, minister of housing and...
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Markets Are Falling All Across Asia
Asian stocks are down for the fourth day.The Nikkei was in the green after the yen weakened on hopes of stimulus, but is seeing a sell-off now.Australian financial and mining stocks are taking a...
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Why Liberals Are Furiously Trying To Rename The Fiscal Cliff
From time to time, Fed Chief Ben Bernanke implores the Congress to take action on fiscal matters. But he has no leverage over the Congress, and although he is a wise economist, he doesn't have to deal...
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ERSKINE BOWLES: Now Is Finally The 'Magic Moment' For A Debt Deal
Erskine Bowles, the former chair of the White House deficit commission, said Monday that he is confident that now is the moment for Democrats and Republicans to reach a debt deal and avoid the fiscal...
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HUGE Surge To End The Day In Spain
It's really not clear where "chatter" about Spain asking for a bailout emerged from, but that's the story everyone was talking about today.Spain ended the day with a late surge, with the IBEX gaining...
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Here's Stephanie Kelton's Tremendous Presentation On The Fiscal Cliff, And...
UMKC economist Stephanie Kelton thinks all of the conversation surrounding the fiscal cliff is focusing on the wrong things.Congressional leaders and the White House are trying to forge a deal between...
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This Is Becoming An Extraordinarily Quiet Two Days In The Market
Markets are going nowhere this afternoon. The Dow and S&P 500 are both up about 0.2 percent while the NASDAQ is down 0.2 percent.This follows yesterday's market action (or lack thereof) in which...
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CHART OF THE DAY: Chinese Bank Loans, And It Looks Like The Government Is...
Chinese bank loans totaled just 505 billion yuan in October, missing expectations of 590 billion yuan. This was down from 14 percent from a year ago, and from 623 billion yuan the previous...
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RUBIN: Here's What Won't Fix The Fiscal Cliff
Robert Rubin, Treasury Secretary during the Clinton administration, wrote an op-ed in the New York Timesto put in his two cents about the fiscal cliff.Though Rubin praises the work of Simpson and...
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Greek Mayors Are Deciding To Disobey The Federal Government On Austerity
Just when Greece's "troika" of international lenders thought it got Greece to agree to controversial labor forms when the national government passed them as part of a larger package of spending cuts...
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