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Economy - Economics USA

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Washington Post

President Obama offered Republicans a detailed plan for averting the year-end “fiscal cliff” that calls for $1.6 trillion in new taxes, $50 billion in fresh spending on the economy and an effective end to congressional control over the size of the na

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The penny has run out of luck, both in Canada and in the United States. Back in March, the Royal Canadian Mint announced that they were phasing out the penny due to “low purchasing power and rising production costs”, according to CBC News.

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http://rt.com,

With Detroit set to go bankrupt by mid-December, one state legislator has suggested that Michigan’s largest city should be dissolved as a municipality and merge with a neighboring county.

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arclein

US Case-Shiller home price index (9:00 EDT): We expect the Case-Shiller 20-city home price index to show a 3.6% y-o-y increase in September as price gains continue to spread across the country (Consensus: 2.98%, previous: 2.03%). An increasing number

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Free Press Publications

The Salt Lake Tribune reports, “This season appears to mark the end of Black Friday as we know it.” Well, that's not exactly good news.
Whether or not Black Friday becomes Black Thursday or even Black Wednesday, I believe that businesses shou

News Link • Global Reported By Darryl W. Perry
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