News Links 10/13/2011
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Deutsche to do everything to avoid forced recapitalization: CEO | Reuters
Germany’s Deutsche Bank (DBKGn.DE) will do all it can to avoid a forced recapitalization, its Chief Executive Josef Ackermann said on Thursday, adding the bank had enough funds of its own to prepare for a crisis.
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BBC News – US Congress votes through South Korea trade deal
US lawmakers have approved a long-delayed free trade agreement with South Korea, calling it the most significant in 16 years.
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BBC News – Slowdown in the German economy is predicted
Eight leading European economic institutes have forecast a steep slowdown for Germany’s economy.
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BBC News – Lloyds and RBS credit ratings cut by Fitch
Ratings agency Fitch has downgraded the credit ratings of two UK banks, Lloyds and Royal Bank of Scotland.
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Economist’s View: “Benford’s Law and the Decreasing Reliability of Accounting Data”
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Sind die Deutschen die dümmsten Bankenretter?! – Kantoos Economics
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President’s Approval Rating Soars After Punching Wall Street Banker in Face | Onion News Network
“Charles Darwin, Economist” https://www.the-american-interest.com/article.cfm?piece=1049
“..Market failures in Adam Smith’s framework occur only when competition is limited. The Darwinian framework, in contrast, holds that market failures can occur even when everyone has taken full advantage of all available opportunities for potential gain.”