IBT Staff Reporter

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Pop star Britney Spears purchases a mansion in L.A. for nearly $20 million

Pop star Britney Spears has recently purchased a nearly 20,000 square foot Tudor-style mansion in hidden Hills area of Los Angeles. The house is situated on a 3.39-acre village-like estate and comes with an entertainment complex with arcade, wood-paneled ballroom, fitness center, poker playing room, and even staff apartments.

Fools, Knaves & Inflation

You can't really blame financial hacks for getting things so wrong, so often. Because every financial decision you now make is a speculation on interest rates. And so pretty much every story a financial journalist might choose to write must start and end with the same speculation, built on the inaction of each monthly central-bank vote.

The fog of currency war

Criticism of China's exchange-rate policy continues throughout the US. This column argues that the US is in fact the exchange rate manipulator, due to its ongoing quantitative easing. What the US needs to do for a sustainable turnaround is to learn from other successful economies like China and Germany - not de-rail them.

VIDEO: The X2 Class Solar Flare

A video made by compiling several images from NASA's Solar Dynamics Observatory shows the powerful flares that erupted earlier this week.

Watson Gets First Post-Jeopardy! Assignment

IBM announced an agreement with Nuance Communications, a speech recognition provider, to develop and commercialize Watson's advanced analytics capabilities in the health-care industry.

Obama To Meet With Tech Execs

Reports have surfaced that President Barack Obama is meeting with several tech executives including Apple's Steve Jobs and Facebook's Mark Zuckerberg.

Gold gains safe-haven bid from M.East turmoil

Gold rose for a fourth day in a row on Thursday in its strongest run since September, helped by safe-haven demand as unrest spread across the Middle East, while the dollar remained under mild pressure.

Dispute flares up over Obama's budget statements

Leading Congressional Republicans are disputing President Barack Obama's recent statements that under his budget plan for 2012, which includes a 10 year outlook, the government will not spend more money than it's taking in by 2017.

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