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MAP: Here's Where You'll Find America's Underwater Homeowners
Here's the latest map from Zillow showing underwater homeowners — those who owe more on their mortgage than their home is worth — by county for which data is available.While the places may look...
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Dallas Fed Invents A Bunch Of Weird Phrases In New Speech On The Fiscal Cliff
Dallas Fed Chief Richard Fisher is known for his uber-hawkish monetary and fiscal policy.We won't spend time here debating his stance, or anything like that, but we will note that in a new speech, he...
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Stocks Just Dipped And It Probably Has Art Cashin Concerned
Stocks just dipped in the last few minutes, and it probably has UBS's Art Cashin nervous.From his note yesterday:Longtime readers know of the value we place in final hour action. Stock trading is a bit...
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Warren Buffett Explains Why He Isn't Freaking Out About The Fiscal Cliff
The CBO has issued a report that says the U.S. would go back into a recession if it were to go over the fiscal cliff – over $600 billion in tax and spending provisions set to change on January 1,...
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STOCKS FALL AGAIN: Here's What You Need To Know (DIA, SPY, QQQ, WMT)
Markets tumbled into the closing bell.First the scoreboard:Dow: 12,542, -28.5, -0.2 percentS&P 500: 1,353, -2.1, -0.1 percentNASDAQ: 2,836, -9.8, -0.3 percentAnd now the top stories:There was a lot...
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Now Accel Partners Is Handing Out Its Facebook Shares (FB)
More restrictions on post-IPO sales of Facebook shares expired yesterday, and the SEC filings are flying.Accel Partners, which made a big $12.7 million bet on Facebook when it was a year-old social...
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Why You Shouldn't Expect Colorado To Turn Into An Amsterdam-Style Tourist Mecca
With the passage of Amendment 64 last week, Colorado removed the prohibition on commercial production, distribution and possession of marijuana for non-medical purposes.But residents of the state are...
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CHINA'S TECTONIC POWER SHIFT – The Complete Guide
Anyone Expecting Big China Reforms Will Be DisappointedMeet China's New Leader: Xi JinpingHu Jintao: Corruption Could Kill Chinese CommunismChina's All-Powerful Politburo Standing CommitteeHow China's...
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The State Of Corporate Profit Margins
Here is a follow-up on one aspect of the latest Philly Fed's Business Outlook Survey, which I reported on earlier today.The two charts below offer clues for evaluating the risk of profit margin squeeze...
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This Trend Is Very Worrisome For Apple
Over the past couple of years, we have written often about a major long-term risk for Apple, which is the gradual loss of mobile market share to the Android platform.This trend has continued in recent...
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JOB OF THE WEEK: Senior Director, Regional Marketing At Saks Fifth Avenue
Check out the Business Insider Jobs section >>As part of our new partnership with CareerBuilder.com, each week we'll feature one of the awesome jobs advertised on the Business Insider jobs...
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Greece Needs To Go 'Dirty Harry' On The Troika
Go Ahead, Make My DayGreece has negotiated like the Clint Eastwood that spoke to an empty chair for 10 minutes. It is time to bring out the Dirty Harry. Point a magnum at the Troika and tell the “go...
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Gulf Of Mexico Oil Rig Evacuated After Fire
The Coast Guard is investigating a fire on an oil rig in the Gulf of Mexico, the AP reports.KHOU-TV initally reported that two people are dead and two people are missing after an explosion at the...
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Alan Greenspan's Comments About The Fiscal Cliff Are Horribly Misleading And...
Alan Greenspan was on Bloomberg TV this morning, talking about the Fiscal Cliff.If you read his comments, you'll quickly understand why there's so much confusion on this topic, and why the media...
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How Workers And Management Both Caused The Demise Of Hostess
Hostess began as Interstate Bakeries Corporation (IBC) in 1930 and over time became the largest wholesale baker and distributor of bakery products in the United States. But now the company is finished...
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BRUTAL DAY IN EUROPE: Italy Tumbles 2.0%
European markets have closed near their lows of the day.England's FTSE 100 is down 1.0%.France's CAC 40 is down 0.9%.Germany's DAX is down 0.9%.Spain's IBEX 35 is down 1.1%.Italy's FTSE MIB is down...
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Famous Bettor Against Subprime Kyle Bass Is Bullish On A Brand New Mortgage...
Texan hedge fund manager Kyle Bass, the founder of Hayman Capital, spoke at the University of Virginia Investing Conference in Charlottesville yesterday evening. As expected, Bass presented his thesis...
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SURGE: Markets Make Instant Comeback After Lawmakers Use Words Like...
Senate and House leaders just emerged from their first official Fiscal Cliff talks with the president.Harry Reid, Nancy Pelosi, John Boehner, and Mitch McConnell all made brief remarks at the...
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Ending China's One-Child Policy Is The New Government's Priority
China has wrapped up the 18th Congress and media everywhere has been shouting out that an extremely conservative batch of leaders have taken the helm and that big political and economic reforms are not...
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KYLE BASS: Germany Could Exit The Euro In '3-4 Years'
Hedge fund manager Kyle Bass was on Bloomberg’s Market Makers with Stephanie Ruhle talking about his bearish views on the E.U. and the status of the currency union as a whole.He said that the E.U. is...
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