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'House prices fell by 1.2% in August, according to the latest Halifax index, ending three months of price rises."
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By flooring maturities out to two years then, and perhaps longer as a result of maturity extension policies envisioned in a forthcoming operation twist later this month, the Fed may in effect lower the cost of capital, but destroy leverage and credit creation in the process.
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instead of just sniping from the sidelines, Sprint is taking a more active stance on situation. Their first step: filing their own lawsuit against AT&T, T-Mobile, and Deutsche Telekom.
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“The data in August did not justify the additional accommodation provided at that meeting,” Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said. “It is unlikely that the data in September will warrant adding still more accommodation,” he explained.
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Things keep getting worse. Not just for the country, which has endured unrelenting cycles of bad news for a decade now, but for President Obama, whose entire presidency has been defined by negative forces, most of which are beyond his control. A look at the new polls that greet Obama Tuesday morning, and this is the only conclusion to draw.
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Investors who followed Warren Buffett's lead on Bank of America Corp (BAC.N) are back to where they started.
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KBW’s “very preliminary analysis” suggests that the FHFA lawsuits – if they’re successful – could cost banks about $60 billion.
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Treasury 10-year note yields decreased to an all-time low as concern the euro area’s debt crisis will cripple financial institutions underpinned demand for the safest assets.
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A rabid Doberman Pinscher jumped on stage at a Tea Party rally in Missouri on Labor Day and barked at the crowd for nearly twenty minutes before people realized he was not a candidate
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Eine UBS-Berechnung kommt zu dem Schluss, dass die Rettung der EU-Krisen-Staaten jeden Einwohner der Euro-Zone 1000 Euro kosten würde. Bei einem Euro-Ausstieg würden sich die Kosten um ein Vielfaches erhöhen.
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A Chinese services index fell to a record low in August as new business growth moderated, adding to evidence the economy is slowing after the government raised interest rates, curbed lending and limited property purchases.