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Political Economy: December 12, 2010 - December 18, 2010

WikiLeaks' Assange says he'll release bank information in Jan.

n an interview with CNBC on Friday, Julian Assange said his organization plans to release information about banks some time in January.

By Sarah Halzack  | December 17, 2010; 11:30 AM ET  |  Permalink  |  Comments (27)
 
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IMF concerned about aid plan if Irish ruling party loses election

The International Monetary Fund is predicting that Ireland's governing party will be tossed out in elections early next year, potentially unraveling the complex plan negotiated to secure IMF and European aid for the financially ailing country, according an IMF report.

By Howard Schneider  | December 17, 2010; 11:24 AM ET  |  Permalink  |  Comments (0)
Categories:  International Economics, International Monetary Fund  
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Business: A cautious welcome to China's concessions

No one is calling it a breakthrough, but business groups welcomed -- guardedly -- the agreements announced between the United States and China on Wednesday that would open new technology and agriculture markets for U.S. products and would see the Chinese toughen enforcement of intellectual property and software piracy laws.

By Howard Schneider  | December 16, 2010; 1:00 PM ET  |  Permalink  |  Comments (1)
Categories:  Trade  
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Government saved economy, housing market, Geithner tells oversight panel

Treasury Secretary Timothy Geithner told a congressional panel on Thursday that the administration basically saved an economy and housing market on the brink of collapse, and he defended a federal foreclosure prevention program that has fallen far short of its original goals.

By Dina ElBoghdady  | December 16, 2010; 11:15 AM ET  |  Permalink  |  Comments (4)
Categories:  Congress, Housing, U.S. Economy  
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Economic agenda: Thursday, Dec. 16, 2010

At 8:30 a.m. -- The Commerce Department releases data on new home construction in November. At 8:30 a.m. -- The Labor Department releases data on weekly claims for unemployment benefits. 10 a.m. -- The Congressional Oversight Panel, created to oversee...

By Mike Shepard  | December 16, 2010; 6:30 AM ET  |  Permalink  |  Comments (0)
Categories:  *Economic agenda  | Tags:  TARP, debit card, debit cards, new home construction  
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World Bank wins 18% funding boost for poorest nations

Officials meeting in Brussels this week agreed to contribute nearly $50 billion over the next three years to the World Bank fund dedicated to the world's poorest countries, an 18 percent boost that marked the arrival as donors of some previous aid recipients. World Bank President Robert Zoellick said he could not provide details on individual donors until the World Bank board approves the funding package early next year. The International Development Association, through grants and long-term, interest-free loans funds health, education, food security and building programs in the world's 79 least developed countries

By Howard Schneider  | December 15, 2010; 10:00 AM ET  |  Permalink  |  Comments (5)
Categories:  International Economics  
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Economic agenda: Wednesday, Dec. 15, 2010

At 8:30 a.m. -- The Labor Department releases data on November inflation at the consumer level. At 9:15 a.m. -- The Federal Reserve releases data on industrial production for November. At 10 a.m. -- A House Agriculture subcommittee holds a...

By Mike Shepard  | December 15, 2010; 6:30 AM ET  |  Permalink  |  Comments (0)
Categories:  *Economic agenda  | Tags:  Dood-Frank overhaul, crib safety, swaps trades  
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Economic agenda: Tuesday, Dec. 14, 2010

At 8:30 a.m. -- The Commerce Department releases data on November retail sales. At 8:30 a.m. -- The Labor Department releases data on inflation at the wholesale level. At 9 a.m. -- The Federal Reserve's policymaking committee meets to discuss...

By Mike Shepard  | December 14, 2010; 6:30 AM ET  |  Permalink  |  Comments (0)
Categories:  *Economic agenda  | Tags:  Business Roundtable, Federal Reserve, retail sales  
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