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September 28, 2012
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  • Consumers feel more confident despite lackluster recovery: Consumers are feeling more confident about the recovery than economic metrics would warrant. One reason might be the Labor Department released revisions to its figures of the last year, showing it had undercalculated job growth. The New York Times (tiered subscription model) (9/27) LinkedInFacebookTwitterEmail this Story
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  • U.S. housing recovery is set to improve banks' profit
    The housing-market collapse was a huge setback for banks, but strengthening prices stand a good chance of giving U.S. lenders a lift. Income from mortgage origination is expected to help, and rising home value will improve credit quality, opening the door for more prospective borrowers to qualify. The Wall Street Journal (9/27) LinkedInFacebookTwitterEmail this Story
  • Analysis: Libor's next custodian faces a daunting task
    Nobody disputes that the mechanism used to set the London Interbank Offered Rate is broken, but the benchmark tied to $300 trillion worth of contracts won't be easy to fix, according to The Economist. The task likely will fall to the U.K. Financial Services Authority. "Whoever inherits LIBOR faces a tough clean-up job," the magazine notes. The Economist (9/29) LinkedInFacebookTwitterEmail this Story
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In the cellars of the night, when the mind starts moving around old trunks of bad times, the pain of this and the shame of that, the memory of a small boldness is a hand to hold."
--John Leonard,
American critic


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