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WSJ.com: Economy
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Economy
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Obama to Push Tax Break
President Obama will propose that companies be allowed to write off 100% of their new investment in plants and equipment through 2011, a plan that White House economists say would cut business taxes by nearly $200 billion over two years.
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Seven Careers in a Lifetime? Think Twice
A belief that Americans will average seven careers over their lifetimes has gained traction despite little evidence, say researchers.
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BIS Questions Growth Tradeoff
The Bank for International Settlements said sustained debt reduction need not be a cause of weaker growth in the aftermath of a crisis, as long as policy makers fix the problems that caused the turmoil in the first place.
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Keep the Champagne on Ice
Jean-Claude Trichet has raised his forecast for growth in the EU area for the rest of this year from 1.0% to 1.6%. But Europeans shouldn't uncork the champagne just yet.
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As Gold Climbs, So Do the Deals
Gold prices are edging up toward a high, at $1,249.20 an ounce, triggering multibillion-dollar deals by miners doubling down on the staying power of bullion's nearly decadelong rally.
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Obama to Link Tax Cuts, Hiring
The Obama administration is moving toward using the revenue from expiring tax cuts for the wealthy to finance about $35 billion of tax cuts for small businesses and workers.
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Jobs Data Provide Hope
The U.S. economy lost jobs for the third month in a row in August, but modest hiring by the private sector eased concerns of a double-tip recession.
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Brazilian Economy Expands Robustly
Brazil's economy maintained its torrid pace of growth in the second quarter, continuing a boom in Latin America's largest economy despite a series of interest rate hikes.
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Economists Grapple Over Job Creation
Washington's response to the country's stubbornly high unemployment rate will depend in part on who wins an increasingly intense debate over its causes.
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Japanese Capital Spending Slips
Capital spending by Japanese businesses slipped during the quarter ended June, but inventory investment surged, suggesting the government will revise upward its GDP growth estimate for the quarter.
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U.K. Services Growth Slows
The U.K.'s economic recovery showed further signs of losing steam as data showed a sharp slowdown in growth in the country's dominant services sector.
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Putin Extends Wheat-Export Ban
The Russian prime minister's move helped push up the price of wheat and sparked fears of supply shortages and broader unrest over rising food costs.
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Euro-Zone Retail Sales Rise
Retail sales in the 16 countries that use the euro rose more than expected in July in a fresh sign that consumer demand is helping drive economic growth.
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ECB Dismisses Double Dip
The European Central Bank raised its central forecast for 2010 economic growth in the euro zone after leaving its benchmark interest rate unchanged at a record-low of 1%, as expected.
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Bernanke Defends Record On Lehman
Fed chief Ben Bernanke told a panel that he had no options to prevent Lehman Brothers' failure in September 2008 even though he knew its downfall would be "catastrophic."
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