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New York Fed president William Dudley

QE2 officially begins

The much anticipated, talked about, and at times criticized program of the second round of quantitative easing has begun.

G20 Seoul summit agenda

G20 leaders near agreement, if not progress
The global currency war will likely dominate discussions at the G20 Seoul summit. Other issues on the agenda include global financial regulation, development gaps, and dealing with disruptive capital inflow and outflows.
Statue stands atop Grand Central Station in front of the MetLife building in New York

MetLife to stop selling Long-Term Care Insurance

MetLife Inc., the largest life insurer in the U.S., said it plans to discontinue the sale of new Long-Term Care Insurance (LTCI) coverage next year, citing ongoing financial challenges facing the LTCI industry.
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Policemen use pepper sprays on protesters trying to march during a rally in central Seoul

Class struggle at the G20 summit

Two things are always present at G20 summits: the gathering of the most powerful international elites and the gathering of common citizens and workers to protests against them.
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Where are the Fed's newly-printed dollars going?

To the dismay of policy makers, the newly-printed dollars of the Federal Reserve has not found its way to the real U.S. economy in the form of loans to small businesses and consumers. A key question is if they are sitting in the U.S. financial system or flowing to emerging market economies.
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Odds stacked against peripheral Europe

Peripheral Europe faces waning public demand because of austerity measures, conditions that make exports difficult, and a banking sector that has not recovered well from the financial crisis. All this comes at a time when recovery is still fragile and the risks of a double-dip recession are real.
Nancy Pelosi

Stimulus now, but is austerity even possible later?

The United States, which has not yet been punished by bond vigilantes for its enormous public debt, is keeping fiscal stimulus policies intact for the short-term. While many economists support this decision, the key question is if it will be able to enact necessary fiscal austerity measures in the future.
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Did U.S. and China strike a currency deal?

Behind the scenes, China and the U.S., two major combatants, may already have already struck an agreement, said Douglas Borthwick, head trader of Connecticut-based Faros Trading.
China's leader-in-waiting gives departing Huntsman thumbs up

Economic implications of Xi Jinping's rise to leadership

Xi Jinping will likely be China's next President. Given his background, he is likely to favor coastal regions and continue China's export-driven economic model, and therefore unlikely to pursue structural reforms like distributing income to inner regions or taking dramatic steps to cultivate domestic consumption.
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Toys R Us to add 45,000 holiday jobs

Toys R Us Inc said it plans to hire about 45,000 seasonal workers -- 10,000 more than in the past three years -- ahead of the U.S. holiday shopping season as it opens 600 temporary stores, essentially doubling its domestic workforce.
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Inter Parfums signs new agreement for US distribution

Inter Parfums Inc.'s recently launched U.S. subsidiary Inter Parfums Luxury Brands and French subsidiary Inter Parfums S.A. will be responsible for the development and distribution of Burberry (perfumes and cosmetics), Lanvin, Mont Blanc and Jimmy Choo brands from January 1 next year.

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