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Noteworthy News – December 15, 2013

Economy:

Why Are Americans Staying Put? – New York Times

Minimum wages: The logical floor – Economist

America’s Wealth Is Staggeringly Concentrated in the Northeast Corridor - The Wire

Haircut Deficit: Kids Living in Basements a Drag on U.S. Services Spending - Bloomberg

Nobel economics winner Fama says risk of global recession in 2014 – Reuters

The Most Important Economic Stories of 2013—in 44 Graphs – Atlantic

Markets:

Bitcoin should not be seen as a currency, warns Ernst & Young - Guardian

Hedge Funds Trail Stocks by the Widest Margin Since 2005 – Bloomberg

Wall St. drops on taper anxiety; Facebook rallies - Reuters

Politics:

Euro Pacific Capital’s Peter Schiff Defends His Tax Protesting Father Irwin Schiff – Forbes

Banks:

Visa, MasterCard $5.7 Billion Swipe Fee Accord Approved - Bloomberg

 Swedes set for cashless future – The Local

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Posted in Economics, Markets, Media, Politics.


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