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FOMC Minutes Reveal That Many Members Like The Idea Of Adopting Quantitative...
FOMC minutes are out.The headline is that the Fed says a number on the FOMC favored more QE after Operation Twist. No big surprise there.However, the minutes do devote a significant amount of space to...
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It's Getting Closer And Closer To Game Over For Argentina
Pirated boat aside, it's become increasingly clear in the last 24 hours that if Argentina loses some small legal battles, the country risks default.Bloomberg's Katia Porzecanski reports that it could...
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Market Deteriorating As Obama Speaks — Dow Off Over 110 Now
As Obama speaks, market tumbles.Please follow Money Game on Twitter and Facebook.Join the conversation about this story »
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Obama Pushes His Mandate On The Fiscal Cliff: 'The Majority Of Voters Agreed...
President Barack Obama held his first press conference since re-election today, where he addressed a wide array of issues: the looming "fiscal cliff," the fallout from former CIA Director David...
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LIVE: Austerity Protests Turn Violent In Spain [Video]
The massive pan-European protest that has engulfed Europe today is still going strong now that nightfall has descended on the continent.It appears to be getting violent in Barcelona, where police are...
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Starbucks Just Acquired A Huge Tea Company
Starbucks just acquired Teavana, a chain of stores that sell loose-leaf tea. “We believe the tea category is ripe for reinvention and rapid growth. The Teavana acquisition now positions us to disrupt...
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Markets Are Crumbling, Dow Off 150
Stocks are tanking.Earlier this morning, we learned that retail sales fell 0.3 percent in October, which was slightly worse than the 0.2 percent decline expected.In the Fed's new FOMC minutes, which...
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Egypt Recalls Ambassador To Israel, Reports Of Troop Build Up Near Border
President Mohammed Mursi has decided to withdraw Egypt’s ambassador to Israel, Al Arabiya reports.Spokesman Yassir Ali announced the news in a statement broadcast on state television this evening.Ynet...
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STOCKS PLUNGE AFTER OBAMA, FOMC, AND AIR STRIKES IN GAZA: Here's What You...
Markets took a beating today on a barrage of news.First the scoreboard:Dow: 12,570, -185.2, -1.4 percentS&P 500: 1,355, -19.0, -1.3 percentNASDAQ: 2,846, -37.0, -1.2 percentAnd now the top...
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REPORT: The Federal Housing Agency Is Running Out Of Money And May Need A...
The Federal Housing Administration (FHA) is said to report later this week that it has exhausted its reserves and might have to resort to taxpayer funds for the first time in 78 years, according to The...
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Diamond Food's Stock Dives After Big Profit Restatement (DMND)
Diamond Foods stock was at one point down more than -11 percent in after-hours trading following a massive profit restatement.The company announced it was re-reporting financial results for fiscal...
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Social Security Is Keeping 27 Million Americans Out Of Poverty
The Census released a comprehensive look today at their Supplemental Poverty Measure, and there's an interesting table inside.The SPM takes into account the effects of governmental assistance on...
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A Modest Carbon Tax Could Solve A Lot Of Problems
The Brookings Institution’s Remaking Federalism | Renewing the Economy series includes a call for a carbon tax, an issue that is heating up after spending election season on the backburnerBrookings...
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Greek Economic Optimism In One Embarrassing Chart
The remarkable forecasting skills of the Troika and the immense decisions being taken on the back of these 'sacrosanct' projections need to be put into context. We are more than happy to do that... as...
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Warren Buffett Just Revealed A Big Stake In Farm Equipment Maker Deere (DE)
(Updates with additions of Wabco, Precision Castparts stakes in the fifth paragraph.)Nov. 14 (Bloomberg) -- Berkshire Hathaway Inc. took a stake in Deere & Co. as billionaire Chairman Warren...
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Jeremy Grantham Warns About The 'Most Important Quasi-Monopoly In Economic...
Jeremy Grantham is the legendary mind behind investment firm GMO, where he predicted bubbles in Japanese stocks in 1989, U.S. stocks in 2000, and most risk assets in 2007.But lately, nothing concerns...
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U2's Bono Is Terrified Of The Fiscal Cliff And The 65,000 Lives That Are At...
U2's Bono sat and spoke with World Bank President Jim Young Kim about What It Will Take to end poverty.The discussion eventually gravitated toward the impending fiscal cliff – the billions of dollars...
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European Austerity Is Here To Stay, And We'd Better Get Used To It
As workers across the European Union went on protest strike today, it was hard to disagree with the trade union leader who told the BBC that austerity economics isn't working. "It's increasing...
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Today's Retail Sales Report Really Wasn't That Bad
Retail Sales fell by 0.3% in October (month to month) but were up 3.8% annually (versus 5.4% in September), according to the Commerce Department’s September Advance Retail Sales Report. Those are...
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Markets Are Getting Pummeled In Asia
Markets are getting walloped early in the Asian trading session.Australia's S&P/ASX is down 1.0 percent.Korea's Kospi is down 1.6 percent.Hong Kong's Hang Seng is down 1.0 percent.China's Shanghai...
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