Nikkei soars on BOJ, Asia shares ease before U.S. payrolls
TOKYO - Japanese equities soared and the yen continued its tumble against the dollar and the euro on Friday after the Bank of Japan's unprecedented monetary expansion, but Asian shares eased ahead of U.S. jobs data amid rising concern over the American economy.
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Found 1 month ago on channel
Reuters
Asian shares ease on weak U.S. data, yen firms before BOJ
TOKYO - Asian stocks eased on Thursday after weak data stoked concerns the key American jobs report due later in the week will signal slowing U.S. growth, while the yen remained firm ahead of the Bank of Japan's policy decision this session.
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Found 1 month ago on channel
Reuters
Ask the Expert: When Will the Federal Debt Cause a Greece-Like Crisis in the U.S.?
Question: Given how fast the federal debt is growing relative to GDP, how long before the U.S. is forced into austerity measures by foreign creditors, as we see happening in Greece? Answer: You can hardly turn on the television these days without hearing a politician or pundit warning the American public that we’ll “end up like Greece” if the federal government doesn’t get its fiscal house in order soon. And it’s true that we don’t want to end up like Greece: The global financial crisis caused its already-problematic debt to soar; financial markets began demanding higher and higher interest rates to fund that debt; which in turn undermined the economy further, again causing deficits to rise. But let’s take a step back and recognize that, for several reasons, the U.S. is in a dramatically different economic position than Greece. Perhaps the most important difference between the two countries is that the U.S. prints its own currency, meaning it can essentially create money ...
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Video: Valentine's Day sales predicted to be high
American Airlines and U.S. Airways are merging to create the world's largest airline. Also, investors on Wall Street are concerned about Europe and Japan's shrinking economy. Plus, Valentine's Day spending. Ashley Morrison reports.
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CBS
Photos: John Mayer Sells Leather Goods
Musician John Mayer has collaborated with leather craftsman Barrett Alley to create a line of bracelets and wallets, which cost $95 to $190 on Mayer's website and are made from U.S. vegetable tanned leathers and deadstock Japanese fabrics. "We wanted to make a limited edition of handmade items that represented American manufacturing heritage along with Japan's rich textile tradition," said Alley.
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