An infusion of hundreds of billions of dollars will give the International Monetary Fund a badly needed boost to tackle Europe’s prolonged debt crisis. But global finance officials sent a strong message Saturday that struggling governments must speed reforms or risk spooking jittery markets and raising the economic danger.
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IMF warns Europe not to ease up debt battle
Isiah Thomas arrived at Florida International knowing that he was taking a risk.
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FIU fires Isiah Thomas after 3 seasons
AP – Reaching for a big New Hampshire boost, Republican presidential candidate Mitt Romney ran down President Barack Obama’s economic policies on Thursday as his GOP rivals leveled a one-two-three punch at any notion of inevitability for the former Massachusetts governor.
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Seeking NH buzz, Romney hits Obama; rest swat him
(AP)
Reuters – The top Republican in Congress on Tuesday assailed President Barack Obama’s “reset” policy with Russia as contrary to U.S. interests and values, and urged him to rethink his approach in light of Vladimir Putin’s impending return to the Kremlin.
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House Speaker Boehner assails Obama "reset" with Russia
(Reuters)
Reuters – The Obama administration said on Thursday its top energy loans official was stepping down, following a widening probe into the embarrassing collapse of a solar panel company that got $535 million in federal support.
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Energy loans official leaves in wake of Solyndra
(Reuters)
Reuters – China will keep monetary policy tight to contain inflation while forging ahead with structural reforms and boosting consumption to sustain long-term economic growth, Premier Wen Jiabao said on Wednesday.
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China’s Wen vows to fight inflation, confident on growth
(Reuters)
Reuters – Group of Seven finance chiefs pledged on Friday to make a coordinated response to a slowdown in the global economy but offered few specifics and differed in emphasis on Europe’s debt crisis.
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G7 offers little to calm markets on growth, debt
(Reuters)
AP – Large new cuts in defense spending would “terribly weaken” U.S. national security, Defense Secretary Leon Panetta said Tuesday as he and Secretary of State Hillary Rodham Clinton used a rare joint interview to argue that the nation cannot afford to keep playing partisan chicken with its finances.
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Panetta: Bigger defense cuts would ‘weaken’ US (AP)
AP – Horror stories are flying about the damage that might be wreaked should Congress and President Barack Obama fail to cut a deal by the Aug. 2 deadline to increase America’s borrowing limit. Nearly every American is in harm’s way, either directly or indirectly.
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Economic outlook grim if no debt deal reached (AP)
Reuters – Microsoft Corp reported a dip in quarterly sales of its core Windows operating system, mirroring a recent downturn in personal computers and sending its shares down slightly.
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Microsoft Windows sales slip, shares slide (Reuters)