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Economy - Economics USA

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ABC News

Owner Caleb Magoon, 29, stopped dispensing pennies when giving change. While the store will still accept the “outdated, outmoded, overpriced nuisance of coinage” from customers, “We’re not actively using them,” said Magoon.

Article Image, By James Politi

The median income of American households dropped to its lowest level since 1995 last year, extending its decline during President Barack Obama’s tenure and highlighting the depth of the damage to the middle class inflicted by the recession and weak r

Article Image, by P.Au.L

The Federal Reserve, worried that improvement in the unemployment rate has stalled, announced a third, large purchase of bonds on Thursday in an effort to bring down long-term interest rates and spur growth.

Article Image, by Karl Denninger

Starting next year, new rules designed to prevent another meltdown will force traders to post U.S. Treasury bonds or other top-rated holdings to guarantee more of their bets.

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German Finance Minister Wolfgang Schaeuble questioned how the United States could deal with its high levels of government debt after November's presidential election. [Pssst don't fret Fritz, they will print money to pay you off.]

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“No economy can grow faster than its transportation network allows,” AP quoted a statement by U.S. Transportation Secretary Ray LaHood applauding the result of the state legislature’s vote. “With highways between California cities congested and airsp