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NY Fed Urges 'Capital Control' Of Money Market Funds

Federal Reserve Bank of New York President William C. Dudley pauses as he talks with a small business owner at the Brooklyn Chamber of Commerce in New York
The Federal Reserve Bank of New York is proposing that money market managers be empowered to hold back depositors' money for 30 days in the event of a run on funds. The controversial proposal is being called by critics a kind of capital control.
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US Officials Accuse Hezbollah In Bulgaria Terror Bombing

U.S. officials said Thursday the suicide bomber responsible for a deadly attack on Israeli vacationers in Bulgaria was a member of a Hezbollah cell that was operating in the country and looking for such targets, backing Israel’s assertions.
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Sylvia Woods, 'Queen Of Soul Food' Dead: Twitter Mourns The Restaurateur

Sylvia Woods, founder of Harlem's famous soul food restaurant, Sylvia's had died at the age of 86, according to a statement issued by her family.The Legendary restaurateur was best known internationally as the Queen of Soul Food, with her New York restaurant located at 126th St. and Lenox Ave., near the Apollo Theater.
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Ackman’s Words Boost Penney’s Stock

After activist investor Bill Ackman of Pershing Square Capital Management said he expects to make 15 to 20 times his investment in beleaguered Plano, Texas-based retail giant J.C. Penney Company, Inc. (NYSE:JCP), stock in the company hit a ten day high.
No. 10 – Mountain  View, California

The Best Cities In America For Your Social Life

Do you prefer rooftop terraces to big backyards, an evening at the theater to a night on the couch, or coffee at a café instead of a cup of tea at home alone? If so, you may want to check out one of the cities on Coldwell Banker’s new survey of America’s top 10 markets for “social seekers.”
Google Inc vice president Marissa Mayer unveils Google Instant in San Francisco

Yahoo’s Mayer: Making First Moves At Turnaround

Now three days into running Yahoo (Nasdaq: YHOO), the No. 3 search engine, CEO Marissa Mayer has already telegraphed that change is coming. She appointed the first editors for Yahoo News and Yahoo Finance, two of the company’s most popular portals.
Abortion rates higher in countries with stricter anti-abortion laws

New State Laws Make Getting Abortions Tougher In U.S.: Report

A New York-based advocacy group found that nearly 40 laws enacted across 15 states this year have the potential to restrict women's access to reproductive health care, nearly 40 years after the U.S. Supreme Court's decision in Roe v. Wade made the controversial procedure legal.
Treasury Secretary Timothy Geithner

Geithner Media Tour Unlikely To Silence LIBOR Critics

U.S. Treasury Secretary Timothy Geithner appeared on a CNBC-sponsored conference Wednesday morning toeing the government's party that the New York Fed is not to blame for helping keep the evolving LIBOR rate-fixing scandal under wraps, even though they knew it was going on since at least 2007.
Assad poster protest

Report: Assad Has Fled To His Alawite Homeland

In an echo from the final weeks of Saddam Hussein's reign in Iraq in 2003, Syrian President Bashar al Assad has reportedly retreated to his tribal homeland as rebels advance on Damascus.

Can The Mundane Grocery Store Survive The Next Decade?

A financial disparity has emerged between popular health-conscious grocery stores and their more mundane rivals, a gap that's expected to widen as the millenial generation replaces the baby boomers as the dominant consumer consumer force.
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Israel Accuses Iran Of Bus Bombing In Bulgaria

Israel accused Iran of carrying out a bomb attack that killed six people on a bus carrying Israeli tourists at a Bulgarian airport Wednesday, and vowed a stern response to Iranian terror.

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