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GOLDMAN: The Hot New Theory For Why The Economy Is So Bad Is Wrong
In a major speech at the International Monetary Fund in early November, Larry Summers argued that the U.S. may need bubbles in the future to sustain strong economic growth. Top Goldman Sachs economists...
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Advertising: Nothing More Than Feelings
Admen have made a marketing guru of Daniel Kahneman, a prizewinning psychologistFIRST, you realise it’s a gorilla. The opening strains of Phil Collins’s "In the Air Tonight" are playing; the beast is...
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The Best Way To Cope With Hamid Karzai's Latest Stunt Is To Deal With His...
IT IS hard to say what is most infuriating about Hamid Karzai: his kleptocratic entourage or his profound ingratitude to the Western soldiers whose blood has kept him in power. But his talent for...
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BlackRock Is The Biggest Investor In The World — Is Its Dominance A Problem?
ASK conspiracy theorists who they think really runs the world, and they will probably point to global banks, such as Citigroup, Bank of America and JPMorgan Chase. Oil giants such as Exxon Mobil and...
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DEUTSCHE BANK: The Performance Of Global Markets In 2013 Was A Necessary...
Deutsche Bank interest rate strategists led by Dominic Konstam compare the story in 2013 to that in 2012 in a note to clients, writing (emphasis added):In the end 2013 went broadly according to plan,...
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US Spy Agency Boasts 'Nothing Is Beyond Our Reach' With New Logo
The National Reconnaissance Office launched a new satellite called NROL-39 from Vandenberg Air Force Base in California late Thursday, but it's their mission logo that's getting much more interest.The...
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Texas College Student Shot And Killed By Campus Police Officer
A 23-year-old college student was shot dead Friday by a campus police officer during a traffic stop near the campus of University of the Incarnate Word, local ABC affiliate KTRK is reporting.Cameron...
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Chinese Ships Are Sailing Near Disputed Islands Claimed By Japan
Three Chinese ships sailed through disputed waters off Tokyo-controlled islands in the East China Sea on Sunday, the Japanese Coast guard said, the first time since Beijing announced an Air Defence...
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This Hoodie Is So Insanely Popular You Have To Wait Months To Get It
The insane popularity of a single sweatshirt has forced its maker to expand into four new factories within the last year just to meet the soaring demand.The zip-up hoodie, made by San Francisco startup...
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US Coast Guard Rescues Fisherman Stranded Off Long Island
US Coast Guard rescues commercial fisherman after his boat capsizes off of NY coastMONTAUK, N.Y. (AP) — A U.S. Coast Guard crew rescued a commercial fisherman hanging onto a life raft in the waters off...
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The Navy Produced These Incredible Photos Showing Pearl Harbor Today Compared...
On Dec. 7, 1941, the U.S. Naval fleet stationed at Pearl Harbor, Hawaii suffered a devastating attack from the air and sea.The Japanese assault began at 7:48 a.m., resulting in the death of 2,402...
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Chinese Import Growth Weakens, But Exports Are Surging
China's exports up but import growth weakens in possible sign economic recovery is slowingBEIJING (AP) — China's November exports accelerated but import growth slumped in a sign the recovery of the...
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The Weekend Is Over, And Markets And Futures Are Mostly Higher
Asia and Pacific markets were mostly higher as Monday trading opened.Korea's Kospi and Japan's Nikkei both climbed more than 1%. Australia's S&P/ASX 200 was off 0.2%.U.S. futures were pointing...
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Facebook Might Be Adding A 'Sympathize' Button
What do you do when a friend memorializes a deceased loved one by uploading a photo, or when your cousin complains of a bad day on her Facebook status?Sometimes, it just feels weird to click "like"...
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18 Examples Of Kobe Bryant's Insane Work Ethic
Less than eight months after tearing his Achilles, Kobe Bryant is officially back in the lineup for the Lakers.Achilles injuries are awful, especially for aging NBA players.But work ethic is a crucial...
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Adventurer Who Inspired James Franco Movie '127 Hours' Arrested For Domestic...
DENVER (AP) — Aron Ralston, who cut off his forearm to free himself after becoming trapped by a dislodged boulder in a Utah canyon, has been arrested in Denver for domestic violence.The 38-year-old was...
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It's A Light Week For The Economy — Here's Your Complete Preview (DIA, SPY,...
For the most part, the economic data has been pretty encouraging.And Friday's strong jobs report has people thinking very carefully about the outlook for monetary policy."Regarding the Fed, last...
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Why One Economist Is Concerned About China's Surging Exports
The latest Chinese trade data showed that exports surged 12.7% year-over-year in November, up from 5.6% the previous month.This is also beat expectations for a 7% rise. The slowdown in import growth...
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Chinese Consumer Prices Rise 3%
Chinese consumer prices were up 3% in November, modestly below expectations for a 3.1% rise.Meanwhile, producer prices fell 1.4%, missing expectations for a 1.5% fall. Food inflation fell to 5.9% in...
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China Took An Important Step Towards Liberalizing Interest Rates This Weekend
The People's Bank of China officially announced the inter-bank negotiable certificate of deposits (CDs) on Saturday. The interest rate on these CDs will be determined by the market.These certificates...
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