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Amazon, perhaps panicked by the degree of old-media collusion with its Cupertino rival, Amazon shut down the sales of all Macmillan titles–electronic and physical–on Friday. How that blatant act of bullying will advance Amazon’s agenda remains difficult to see. The lost sales will be significant for Macmillan but the revelation that Amazon is willing to abuse its market position will be a greater blow to the internet retailer.
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…government budget surpluses ultimately restrict private sector demand and income growth and force greater reliance on private debt. Does anybody think it is a coincidence that two of the longest and largest periods of budget surpluses in America history — the periods of 1997-2000 and 1927-1930 — were followed by calamitous economic collapses?
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In remarks this morning about his newly unveiled budget for fiscal 2011, President Barack Obama defended his administration's fiscal record as preventing further economic disaster but declared that "budget common sense" should now guide Washington's spending.
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The US has escaped the danger of a Japanese-style deflationary trap, according to James Bullard, a voting member of the Federal Reserve’s key policy-setting committee.
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Setting aside leveraged ETFs, long positions in VXX were by far the best way to lose money in an ETF over the course of the last year.
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Amazon (NSDQ:AMZN).com has capitulated to demands from publisher Macmillan that Amazon charge more for electronic versions of its books than the $9.99 the online retailer charges for e-books today.