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Thursday, December 13, 2012

December 13, 2012 - Morning Headlines

- The Federal Reserve, in unprecedented fashion, has pledged to continue with its Quantitative Easing program until the unemployment rate drops to at least 6.5% (CNN Money): http://money.cnn.com/2012/12/12/news/economy/federal-reserve-stimulus/index.html?hpt=hp_t3

- New Jersey Senator Bob Menendez, a champion of immigration reform, had an illegal immigrant who was also a registered sex offender working for him and his staff as an intern (NBC News): http://usnews.nbcnews.com/_news/2012/12/12/15868303-sen-menendez-employed-intern-who-was-illegal-immigrant-sex-offender-ap-reports?lite

- Music stars rocked and rapped out for nearly 6 hours at New York City's Madison Square Garden in the 12.12.12 Hurricane Sandy Relief Concert last night (USA Today): http://www.usatoday.com/story/life/music/2012/12/12/sandy-benefit-concert-review/1762995/

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  1. DaraDecember 13, 2012 at 8:24 AM

    Did I read the article right?

    Did the Fed just up the ante from buying $40B a month - of our OWN debt - to NOW buying and ADDITIONAL $45B per month - for a grand total of $85B per MONTH?

    Federal reserve will NOT monetize the debt...???
    http://www.youtube.com/watch?v=n6qo2S84r5w

    The title of this piece is a misquote...what he REALLY said --

    Obama: 'Regular' Americans don't understand the economy "...let me distinguish between professional politicians and the public at large..."
    http://www.youtube.com/watch?v=S9i6Sbnj-hk

    Bernanke blunt warning US debt a tragedy Feb 26, 2010
    http://www.youtube.com/watch?v=SsO7PCUHXJ4

    As a 'public at large' American, I don't see how this could possibly end well...





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