Topic: U.S. Federal Reserve
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Six points where Mitt Romney and his economic advisers are mostly wrong
Mitt Romney’s economic plan is largely based on a whitepaper written by several “heavyweight” economists. The problem is, it's riddled with fundamental flaws. Here are six points where Mitt Romney and his economic advisers are mostly wrong about what ails the American economy and how to fix it.
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Briefing
Obama vs. Romney 101: 3 ways they differ on regulation
Wall Street is a big target – blamed for the financial crisis that led to the Great Recession. Mitt Romney says efforts to rein in financiers via more regulation are an attack on “economic freedom.” President Obama says new regulations would make it “more profitable to play by the rules than to game the system.” Here are three specifics on which the two differ.
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Ron Paul vs. the Federal Reserve: four epic moments
Ron Paul hasn't been the Federal Reserve's only critic, but he ranks among the most consistent and persistent in his charge that the Fed has debased the dollar and destroyed the wealth of Americans.
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Focus
Recession in America? 10 questions assessing the threat.
Concerns about weak economies in Europe have already rattled global financial markets, and things are hardly rosy at home. Is America heading into a recession? Here are answers to 10 questions about that risk.
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Briefing
Five things Ron Paul wants from the Republican National Convention
It looks as if Ron Paul is going to be an active participant in the Republican National Convention in Tampa this August. Here’s our take on the five things Paul hopes to gain from staying within his party’s tent in 2012.
All Content
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$1 million Apple heist: Thieves hit Paris store on New Year's Eve
$1 million Apple heist at the flagship store in Paris was a 'well prepared' operation, police said. Four armed thieves used the commotion around New Year's Eve festivities in downtown Paris to carry out the $1 million Apple heist.
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The Circle Bastiat
'Fiscal cliff': Cut the spending – and the melodramaThe 'fiscal cliff' is the crisis that didn't need to be, if the Bush tax cuts had been made permanent and Keynesian influence hadn't spread.
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Investors peek over 'fiscal cliff' and find ... blue skies?
Professional investors see plenty of minefields, but many believe a congressional deal will avert the worst of the 'fiscal cliff.' Another plus: Beyond the 'fiscal cliff' is a slowly improving economy.
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Stocks fall again with 'fiscal cliff' closing in
Stocks tumbled for a fifth day as a 'fiscal cliff' deal goes unfulfilled in Washington. Despite the fiscal gridlock in Washington, major stock indexes are holding on to gains for the year.
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Can Ben Bernanke save the job market if 'fiscal cliff' talks fail?
The Federal Reserve said this week it would maintain ultralow interest rates until the unemployment rate falls to at least 6.5 percent, unless inflation starts looming as a near-term risk.
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Stocks lower as Wall Street eyes Washington
Stocks closed down Thursday despite the fourth straight weekly drop in applications for unemployment benefits. Energy and technology stocks fell the most on Wall Street.
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Stocks gain on budget talk optimism, Fed stimulus
Stocks rose Tuesday in light of progress in budget talks being held in Washington. Stocks have edged up since the start of the month as investors watch for developments in the budget talks.
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Are moves to add jobs to US factory floors a harbinger, or outliers?
Apple, Lenovo, LG Chem, and now Daimler AG have all recently said they plan to add manufacturing jobs in the US. President Obama hopes it's a sign of the times, but economists say it's, at best, a nascent trend.
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Paper Economy
Mortgage rates fall to 3.4 percentThe average rate for a 30-year fixed-rate mortgage decreased 2 basis point to 3.43 percent since last week, according to the latest Mortgage Bankers Association data.
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Stocks rise on fiscal cliff hopes
Stocks closed mostly higher on Wall Street Wednesday as traders grew more hopeful that a budget deal will be reached in Washington. Rising stocks narrowly outnumbered falling ones on the New York Stock Exchange.
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The Circle Bastiat
Does government spending really promote economic growth?Salerno questions the Keynesian doctrine that government spending per se raises income and promotes economic recovery.
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GDP comes in strong. But will 'fiscal cliff' slow growth?
The economy grew at a 2.7 percent pace in the third quarter, according to the latest GDP report, but the road ahead depends heavily on how politicians deal with the fiscal cliff.
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Stocks climb on hopes for 'cliff'-skirting deal
Stocks rose in afternoon trading Wednesday on signs that the US may avoid the 'fiscal cliff' after all. 'Fiscal cliff' concerns have weighed on stocks since the election.
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Paper Economy
Mortgage rates drop to 3.4 percentThe latest data from the Mortgage Bankers Association shows an average decrease of 1 basis point in 30-year fixed-rate mortgages since last week.
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Fiscal cliff warning sends stocks sliding
Frustration from Senate Majority Leader Harry Reid over the fiscal cliff pushed stocks downward Tuesday. Worries about budget talks have been hanging over the stock market for weeks.
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Home prices on the rise: why that is good for US economy
Nationwide, home prices rose 3.6 percent in the third quarter compared with the same period in 2011, new data show. The jump points to a broad recovery in the long-sluggish housing market.
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Paper Economy
Whatever happened to limited government?The concept of “limited government” seems to have become a relic of sorts, writes SoldAtTheTop, mocked by one side of the ideological spectrum, paid lip service to by the other but widely discarded overall.
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The New Economy
Credit card debt rises to nearly $5,000 per borrowerBorrowing on credit cards is up 4.9 percent from a year ago, TransUnion reports.
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Stocks end flat after HP shocker, Fed warning
Dow drops less than 8 points despite Bernanke warming of 'fiscal cliff' dangers and HP disclosure that it will have to take an $8.8 billion charge for accounting 'improprieties' at a company it acquired last year.
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Paper Economy
Industrial production falls in OctoberTotal industrial production declined 0.43 percent since September 2012, according to the Federal Reserve's monthly read of industrial production and capacity utilization.
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Stocks finish higher on optimism over budget talks
Stocks started lower Friday but spiked higher shortly before midday as the top members of the House and Senate spoke at the White House following a closed-door session with President Obama.
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Saving Money
How to pick the right credit card if you are retiredRetirees should look for easy-to-understand credit-card terms and low-tech customer service. Avoid carrying a balance because finance charges can quickly diminish retirees' modest monthly income.
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Stocks slide as impasse over budget deficit looms
Stocks fell sharply Wednesday despite a signal from the Federal Reserve that it could launch a program to speed job growth.
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Paper Economy
Mortgage rates down from last weekThe average rate for a 30 year fixed rate mortgage decreased 6 basis point to 3.43 percent since last week, according to the Mortgage Bankers Association's weekly applications survey.
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Fearing 'cliff,' investors finish brutal week
Wall Street finished one of the worst weeks of the year Friday, pushing Washington to work out a deal to avoid the tax increases and government spending cuts.
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