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Brazil Cuts Benchmark Rate To Near-Record Low 9%

A man stands near the headquarters of the central bank in Brasilia September 22, 2011.
Brazil’s central bank cut its benchmark interest rate to 9 percent from 9.75 percent on Wednesday, bringing the rate down to a near-historic level. This is the sixth time Banco Central do Brasil has reduced its Selic rate since August, when it cut the rate to 12 percent from 12.5 percent.

Bombing Waves Kills Three Dozen In Iraq

Iraq bombing
Thursday's bombings were the first significant attacks in nearly a month and the deadliest since a series of 30 explosions set by al Qaeda affiliates killed 52 people across the country in March.
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Madonna and her daughter Lourdes

Madonna's Daughter Smoking: Singer Says ‘She Didn’t Get that From Me’

Madonna's 15-year-old daughter Lourdes Leon was photographed smoking a cigarette in New York and material mom is not happy about it. While the legal age for smoking in America is 18, Leon was caught breaking the law in New York last month. And almost a month later the 53-year-old singer finally spoke about her daughter's controversial smoking picture. When Leon's smoking pictured surfaced online Madonna said she was not pleased.
The World Gold Council remains constructive on gold prices despite diminished chances of QE3

Gold Prices Set To Rise: World Gold Council

While chances of a third round of U.S. money-printing quantitative easing measures, or QE3, have dimmed, the World Gold Council, or WGC, remains positive on the yellow metal's outlook due to its international appeal and value in hedging against inflation and deflation.

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