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Noteworthy News – August 27, 2012


Household income is below recession levels, report says – Washington Post

Why the Gold Standard Is the World’s Worst Economic Idea, in 2 Charts – The Atlantic

China eagerly buying up American assets – LA Times

China Confronts Mounting Piles of Unsold Goods – New York Times

The Cheapest Generation: Why Millennials aren’t buying cars or houses, and what that means for the economy – The Atlantic


Samsung shares fall after jury orders $1bn in damages – BBC

We Need Inflation-Tolerance, Not Inflation - Slate

On the origin of specie: Theories on where money comes from say something about where the dollar and euro will go – Economist


Bernanke says Fed has scope to provide more stimulus – Reuters


HSBC In Settlement Talks With U.S. Over Money Laundering – Bloomberg

U.K. Investment Bankers Prefer To Work In Singapore – Bloomberg

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