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Romanian Government Collapses After No-Confidence Vote
The Romanian government fell Friday in a no-confidence vote, the AP reports, with 235 of 460 parliamentarians voting against the government, four more than the minimum needed. The cabinet of Prime...
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CHART OF THE DAY: REMINDER: This Is What's Crushing GDP
A quick reminder: What's holding GDP back is the drag on government spending. Austerity, basically. As Simone Foxman pointed out, today's number wasn't that bad. Personal consumption rose quite nicely....
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A Crucial Link In The Sovereign Debt Cycle Keeping Spain Alive Is Breaking
Spokesmen from Spain's two largest banks—Santander and BBVA—both said yesterday that they have already exceeded the limit of domestic government debt feasible for them to hold on their balance sheets,...
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CITI: Europe Has To Respond To Its 'Embarrassing' Carbon Trading Failure
We might actually get something out of the Rio +20 Earth Summit in June. Citi's Meg Brown said she expects "peer pressure between leaders coupled with accountability to the public back home via 24hr...
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DANGER: This Ad Agency Indicator Shows Global Slowdown In Corporate Spending...
WPP, the world's largest ad agency holding company, reported earnings this morning. While its total growth is healthy—revenues up 7.6 percent to £2.392 billion—its organic, like-for-like growth...
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One Chart To Remind You How Awesome The US Economy Is
From Reuters' Scotty Barber. It speaks for itself. Please follow Money Game on Twitter and Facebook.Join the conversation about this story »
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RITHOLTZ: Like Hell The U.S. Is In Decline -- We're Great!
After five years of financial crisis followed by economic frustration, many Americans are starting to believe that the country's best years are behind it and that we're starting a long, slow decline....
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JIM GRANT: We Live And Invest In A Hall Of Mirrors
Jim Grant, editor of Grant's Interest Rate Observer, has long been critical of the Fed and Fed chairman Ben Bernanke. Grant called out Bernanke for telling George Washington University students that...
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PROFESSOR: The World Is Overpopulated By 5 Billion People
Renowned population analyst Paul Ehrlich has made a terrifying prophecy: If there isn’t a massive reduction of humans and redistribution of natural resources soon, hundreds of thousands of people will...
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Best Buy Is Either Gaining Market Share Or Holding In These Key Categories
Before you write off Best Buy as another dinosaur, check out how how dominant the retailer remains in some key categories. NPD analyst Stephen Baker observes: Best Buy is still the largest...
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T. BOONE PICKENS: Of Course We Should Build The Keystone Pipeline
Republicans have been blaming President Obama for high gas prices, and for failing to agree to the construction of the Keystone XL pipeline. Oil tycoon T Boone Pickens was on CNN saying the U.S. should...
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STIGLITZ: 'Europe Is Headed To A Suicide'
Austerity measures are leading Europe on a disastrous path, Nobel-prize winning economist Joseph Stiglitz told a panel discussion in Vienna today. "I think Europe is headed to a suicide," he said,...
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HOWARD SCHULTZ: These Will Be The Next Billion Dollar Businesses For...
Starbucks chairman and CEO Howard Schultz revealed his aspirations for the new businesses Starbucks has been working on in the company's Q1 earnings call. There are two in particular that Schultz sees...
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Here Are 6 Stocks Making Monster Moves Today (EXPE, CRAY, AMZN, MXWL, DECK,...
The Dow, Nasdaq, and S&P are all currently up, with the Nasdaq leading the pack at +0.6%. A couple stocks are making some insane moves today. Winners: Expedia, Inc. (EXPE): Up 27.8% — Expedia is...
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It Looks Like Tax Revenue In California Is Coming Up WILDLY Short Of...
A tipster just sent us this, and it does indeed look like April tax revenue in California is way below expectations. This is from the website of California Controller John Chiang: Because personal...
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Foxconn Workers Threatened To Jump Off A Factory Roof Over Wages
Workers at a Chinese factory owned by Foxconn, Apple Inc's main manufacturer, threatened to jump off the roof of a building in a protest over wages just a month after the two firms announced a landmark...
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This Is The Best Proof We've Ever Seen That Gold Is In A Bubble
Felix Salmon at Reuters has a super-clever video out where he attempts to answer the question: Is gold a currency? And of course there's no better way to answer that than to just try to go around and...
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Everything You Need To Know About Vaca Muerta, One Of The Biggest Shale...
The Vaca Muerta formation located in Neuquén Province in Argentina is supposed to be one of the largest shale formations outside of North America. The discovery was made by Repsol-YPF, but with...
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THE ECONOMY SLOWS AND MARKETS RALLY: Here's What You Need To Know (DIA, SPY,...
GDP growth slowed to 2.2 percent. First the scoreboard: Dow: 13,228.3, +23.6, +0.1%S&P 500: 1,403.3, +3.3, +0.2%NASDAQ: 3,069.2, +18.5, +0.6% And now the top stories: There were a number of big...
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Top Tax Rates All Around The World Have Fallen Over The Last 30 Years
LOWER top tax rates are associated in the minds of many people with higher rates of economic growth: stop penalizing success, goes the argument, and the economy will soar. That was the rationale behind...
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