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Google Surpasses $1,000 for First Time on Ad Optimism

Google Surpasses $1,000 for First Time on Ad Optimism | EconMatters | Scoop.it
Google Inc. reached $1,000 for the first time amid optimism about new advertising for wireless devices and online video, joining a small club of U.S. stocks.
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Senate Leaders Reach Agreement to End Fiscal Impasse

Senate Leaders Reach Agreement to End Fiscal Impasse | EconMatters | Scoop.it
The bipartisan leaders of the U.S. Senate reached an agreement to end the fiscal impasse and to increase U.S. borrowing authority.
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Shiller Views U.S. Stocks as ‘Highly Priced’: Chart of the Day

Shiller Views U.S. Stocks as ‘Highly Priced’: Chart of the Day | EconMatters | Scoop.it
U.S. stocks are vulnerable to losses because they are the most expensive relative to earnings in more than five years, according to Robert J. Shiller, a co-winner of this year’s Nobel Prize in Economic Sciences.
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World should 'de-Americanise', says China following default fears - Telegraph

World should 'de-Americanise', says China following default fears - Telegraph | EconMatters | Scoop.it
US default fears prompts China's state-run media call for the world to "de-Americanise" as Christine Lagarde warns of "massive disruption the world over"
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S&P 500 Rises to Highest Since September on Debt Talks

S&P 500 Rises to Highest Since September on Debt Talks | EconMatters | Scoop.it
U.S. stocks rose, sending the Standard & Poor’s 500 Index to the highest level since September, on speculation lawmakers were making progress toward an agreement on raising the debt limit to avoid a default.
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Recession Looms If Treasury Uses Tools to Prevent a Default

Recession Looms If Treasury Uses Tools to Prevent a Default | EconMatters | Scoop.it
The U.S. Treasury has the means to avoid a debt default even if Congress fails to raise the government’s $16.7 trillion borrowing limit. The bad news is that it can’t prevent a recession.
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Montana Towns Struggle With Oil Boom Cost as Dollars Flee

Montana Towns Struggle With Oil Boom Cost as Dollars Flee | EconMatters | Scoop.it
Tractor-trailer trucks carrying oil, water and sand to drilling sites are lined up at one of two stoplights in Fairview, Montana, as the mayor tries to figure out how to squeeze more people into his town.
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Crude-Oil Futures Settle at 14-Week Low of $101.61/Barrel - NASDAQ.com

--Nymex crude lowest since July 3 amid weak refiner crude demand. Crude oil stocks rose 6.8 million barrels last week, the biggest weekly rise since.
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Biggest US Foreign Creditors Show Concern on Default Risk

Biggest US Foreign Creditors Show Concern on Default Risk | EconMatters | Scoop.it
China and Japan, which together hold more than $2.4 trillion in U.S. Treasuries, raised pressure on the U.S. to resolve a political impasse on its debt ceiling that threatens to destabilize global financial markets.
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A U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall

A U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall | EconMatters | Scoop.it
Anyone who remembers the collapse of Lehman Brothers Holdings Inc. little more than five years ago knows what a global financial disaster is. A U.S.
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Embattled dollar faces fifth week of losses

Embattled dollar faces fifth week of losses | EconMatters | Scoop.it
The embattled U.S. dollar faces its fifth losing week as the U.S. government shutdown hits growth prospects in the world's largest economy.
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Dollar Drops to 8-Month Low as Risk Appetite Swells on Fed Bets

Dollar Drops to 8-Month Low as Risk Appetite Swells on Fed Bets | EconMatters | Scoop.it
The dollar slid to the weakest since February as appetite for higher-yielding assets rose on bets the Federal Reserve will delay tapering stimulus after a last-minute deal pushed the political battle over U.S.
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DAGONG DOWNGRADES US TO A- FROM A

DAGONG DOWNGRADES US TO A- FROM A | EconMatters | Scoop.it
SINGAPORE, Oct 17 (IFR) - Chinese rating agency Dagong hasdowngraded the United States to A- from A and maintained anegative outlook on the sovereign's credit.The agency suggested that, while a default...
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Fitch signals it could downgrade U.S. credit rating - NBC News.com

Fitch signals it could downgrade U.S. credit rating - NBC News.com | EconMatters | Scoop.it
One of the country's three major credit rating agencies signaled Tuesday that it could downgrade the United States' rating, citing the...
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Analysis: U.S. debt ceiling crisis would start quiet, go downhill fast

Analysis: U.S. debt ceiling crisis would start quiet, go downhill fast | EconMatters | Scoop.it
If Washington doesn't reach a deal soon to keep paying its bills, an economic crisis could start unfolding so quietly on Thursday it will give little hint of its potential to throw millions of Americans ...
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Toyota Shows Hydrogen Prototype in Race Toward Fuel Cells

Toyota Shows Hydrogen Prototype in Race Toward Fuel Cells | EconMatters | Scoop.it
Toyota Motor Corp. has long held out hydrogen as the ultimate alternative to gasoline for powering autos. Soon, consumers will be able to kick the tires of its fuel cell-powered car and those of other automakers.
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The Richest 10% control 86% of Global Wealth

The Richest 10% control 86% of Global Wealth | EconMatters | Scoop.it
The rich are getting even richer. The top 1% control 46% of the world’s assets -- and 86% of global wealth is owned by the richest 10%. Yet two-thirds of the world’s adults have wealth of less than $10,000.
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Libyan prime minister freed after kidnapping, says 'there are many things that need dealing with'

Libyan prime minister freed after kidnapping, says 'there are many things that need dealing with' | EconMatters | Scoop.it
Libya prime minister kidnapped by armed men, reports say
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Shutdown Raises Global Recession Risk as Lagarde Lambastes U.S.

Shutdown Raises Global Recession Risk as Lagarde Lambastes U.S. | EconMatters | Scoop.it
Global finance chiefs chastised the U.S. for the political gridlock they identified as the biggest threat to the world’s economy and financial markets.
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Natural gas 'fracking' has flipped US energy map, study says

Natural gas 'fracking' has flipped US energy map, study says | EconMatters | Scoop.it
In a reversal from the recent past, the Northeast has become a net supplier of natural gas and the South a net consumer, thanks to 'fracking,' according to a new study.
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Obama said 'trillion dollar coin' and Twitterverse went screaming

Obama said 'trillion dollar coin' and   Twitterverse went screaming | EconMatters | Scoop.it
President Obama made a passing reference to the trillion dollar coin, but some lingered on it.
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North Korea puts army on alert, warns U.S. of 'horrible disaster'

North Korea puts army on alert, warns U.S. of 'horrible disaster' | EconMatters | Scoop.it
SEOUL (Reuters) - North Korea said on Tuesday its military would be put on high alert and be ready to launch operations, stepping up tension after weeks of rhetoric directed against the United States and...
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