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REVEALED: The Asteroid Mining Plan Backed By Google And Goldman Billionaires
Google CEO Larry Page, Google's old CEO Eric Schmidt, and former Goldman Sachs CEO John Whitehead are among a group of very rich people who have funded a new company called Planetary Resources. The...
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What To Do In Omaha When You Need A Break From Next Week's Berkshire Hathaway...
The annual Berkshire Hathaway shareholders meeting in Omaha is just a week away, and tens of thousands of stockholders will soon flock to the city to bask in Warren Buffett's presence. The "Woodstock...
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The Economic Data This Week Was A Sea Of Green
In the rear view mirror, first quarter GDP was reported preliminarily at +2.2% on an annualized basis. This was below expectations. The biggest negative was government spending on all levels...
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We Had No Idea That Making iPads Was Such A Horrible Business
Shares of Chinese electronics manufacturing giant Foxconn plunged 16% on Friday after the company's parent Hon Hai Precision Industry reported lower profits thanks to higher labor costs. This is not...
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The Fed Has Gone Nuts -- We Need To Return To The Gold Standard
There are times, my friends Michael Lewitt and Dr. Lacy Hunt agreed today at lunch, when the study of economics is best informed by a sound knowledge of history. Indeed, Michael's son wants to follow...
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HUGH HENDRY IS BACK: Here's What's In His Monster New Letter To Shareholders
Rejoice! Hedge fund manager Hugh Hendry of The Eclectica Fund is finally back with a monster new letter to shareholders. In it, he says, is his most lengthy writing since the winter of 2010. We've read...
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THE NO RETIREMENT PLAN: More And More Americans Plan To Work Forever
Given major delays in retirement plans, 80 is the new 65 says CNN Money. A quarter of middle-class Americans are now so pessimistic about their savings that they are planning to delay retirement until...
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'Sell In May' Is Great For Wall Street, The IRS And Journalists, But Bad For...
NEW YORK (AP) — It's simple to understand, and has a nice ring to it. It's made some investors look like geniuses recently. Say it enough and you might even believe it. Too bad "Sell in May and go...
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5 Art Cashin Brain Teasers That Will Make You Feel Dumb
Art Cashin, UBS Financial Services' director of floor operations at the NYSE, is known for his daily newsletter Cashin's Comments. What's more is he never forgets to include a fun piece of trivia at...
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Apple Dodges Billions In Taxes
Charles Duhigg of the New York Times has written another extraordinary article about Apple, this time focused on the heroic lengths Apple has gone to to avoid paying taxes to governments around the...
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New Poll Says Homeownership May No Longer Be Part Of The American Dream As...
U.S. Homeownership has fallen to a 10-year low, with just 62 percent of Americans saying they own their home, according to a new Gallup poll. Another record low, 53 percent, said their home was worth...
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'Rabidly Partisan Politics' Could Leave Mongolia Struggling With The Resource...
POLITICS in Mongolia has been rough-and-tumble since 1990, when the country escaped Soviet domination to become a vibrant if imperfect democracy. But when scores of security forces raided the home of a...
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Tens Of Thousands Protest Austerity Cuts In Spain
MADRID (AP) — Tens of thousands of people across Spain are protesting education and health care spending cuts as the country slides into its second recession in three years. With unemployment at 24.4...
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Neel Kashkari: This Is The Fundamental Reason Homeowners Have Not Been Saved
While some argue the U.S. housing market has bottomed the tidal of wave foreclosures expected this year leaves room for debate. Recent data shows that over 4 million mortgages in the U.S. have been...
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Warren Buffett Is Giving Kids The Opportunity To Pitch Him Their Business Ideas
OMAHA, Neb. (AP) — A group of young entrepreneurs will have a chance to pitch their business ideas to billionaire investor Warren Buffett. The kids, who are between 7- and 16-years-old, were all named...
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The FDA Just Approved A Drug To Treat 'Plague' (JNJ)
NEW BRUNSWICK, N.J. (AP) — U.S. regulators have approved use of a powerful Johnson & Johnson antibiotic to treat plague, an extremely rare, sometimes-deadly bacterial infection. The Food and Drug...
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In The Past Week, We Heard 3 Huge Bears Say One Really Bullish Thing About...
We're beginning to think that US natural gas/energy is the most popular contrarian idea there is, if that is even possible. In the past week, we've heard three people who could definitely be described...
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REPORT: Goldman's Jim O'Neill Is A Candidate For Bank Of England Governor
The Sunday Times is reporting that Jim O'Neill, Chairman of Goldman Sachs Asset Management, is in the running to become a governor for the Bank of England. This report is coming to us via Bloomberg....
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Peter Orszag: There Could Be A Silver Lining To 'Taxmageddon'
"Taxmageddon", or the tax increase and spending cuts set for start of 2013, is fast approaching. This happens to coincide with the timeline for the debt limit which complicates the picture, writes...
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Want To Live Longer? Get Off Your Ass
Scientists continue to gather more evidence that sitting around all day can kill you. And if it doesn't kill you, it shortens your life. On average, reports Gretchen Reynolds of the New York Times,...
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