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USA Economy |
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WSJ.com: Economy
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Economy
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Storm Clouds Gather Over Florida Insurers
State-run entities that expanded over the past decade to provide affordable homeowners insurance in hurricane-threatened Florida are in danger of becoming so big they threaten to wreak havoc on the local economy.
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Strike Looms as Greek Leaders Push for Deal
A meeting between Prime Minister Lucas Papademos and Greek political leaders was pushed back a day, as the parties raced to agree on painful reforms needed to win a new bailout.
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German Manufacturing Orders Up
German manufacturing orders rose more than expected in December, driven by a surge in demand from outside the euro zone, in the latest sign that Europe's largest economy may yet avoid recession.
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Euro-Zone Government Debt Falls
The combined debt of the 17 euro-zone governments fell as a percentage of economic output in the third quarter of 2011, although it rose in all three members that have been forced to seek a bailout.
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Italian, French Bonds Rise
Italian and French government bonds reversed earlier declines to trade modestly higher, although the market was cautious amid a deadlock over a new rescue package for cash-strapped Greece.
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IMF Urges Beijing to Ready Bold Moves
The International Monetary Fund urged China to run a federal deficit of 2% of GDP rather than looking to reduce the country's deficit as planned, given the uncertainty in the global economy.
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Less Building Now, Higher Office Rents Later
Office-building construction is in the midst of a severe drought. This means higher rents may be on the horizon in some cities, if history is any guide.
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Jobs Data Show Growth Is Sustained
The U.S. economy added more jobs in January than in any month since early last year, pushing down the jobless rate to a level not seen since Obama's first full month in office.
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Greece Weighs Cuts Amid Bailout Talks
Greece edged toward a deal on a second billion bailout package, as political leaders were set to meet Sunday to weigh critical spending cuts.
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Pressure Mounts on BOJ to Weaken Yen
Japan's central bank is coming under renewed political pressure to weaken the yen, even after the government was criticized by the U.S. for intervening.
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