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Noteworthy News – December 3, 2012

Economy:

Evidence is mounting that moderate minimum wages can do more good than harm - Economist

The lottery of life: Where to be born in 2013 – Economist

Chart: What Black Friday’s $59 Billion Really Tells Us – Bloomberg

Summary of Economic Reports by Federal Reserve District Banks – Bloomberg

UK economic growth confirmed at 1% – BBC

Markets:

Case-Shiller shows home prices rise again – CBS Marketwatch

CFTC Charges Ireland-based “Prediction Market” Proprietors Intrade and TEN with Violating the CFTC’s Off-Exchange Options Trading Ban and Filing False Forms with the CFTC – CFTC

Politics:

Two-thirds of millionaires left Britain to avoid 50p tax rate - Telegraph

Watch What Warren Buffett Does, Not What He Says – The Weekly Standard

More Greek myths: The need to speak truth to weakness – Economist

What Defines A Serious Deficit Proposal? – New York Times (Krugman)

Simpler Taxes Now, Growth Later – New York Times

Banks:

It’s a Great Time To Be a Banker in America – MotherJones

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Posted in Economics, Markets, Media, Politics.


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