unemployment falls
Contents contributed and discussions participated by Yihan Li
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BBC News - UK unemployment falls again in three months to July - 0 views
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The unemployment rate was 8.1%, down 0.1% on the previous quarter.
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The ONS said the Olympic Games was likely to have been a factor behind the jump in employment, with London accounting for 91,000 of the increase.
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The number of people in work increased by 236,000 to 29.6 million, the largest quarterly rise for two years.
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BBC News - Federal Reserve to buy more debt to boost US economy - 0 views
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buy "additional agency mortgage-backed securities at a pace of $40bn (£25bn) per month".
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nterest rates in the US have been close to zero for several years now, and the Fed again kept them at below 0.25% on Thursday.
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quantitative easing
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"We doubt it will be enough to get the economy on the right track. It's only a matter of time before speculation begins as to when the Fed will raise its purchases from $40bn a month."
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the central bank buys bonds to keep the long-term cost of borrowing down.
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The unemployment rate in the US has been above 8% since January 2009, but the current 8.1% is down from the recent high of 10% in October 2009.
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US presidential election.
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Ben Bernanke also lowered the Fed's growth forecast for the US economy to 2% this year, down from the 2.4% it predicted in June
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"The committee is concerned that, without further policy accommodation, economic growth might not be strong enough to generate sustained improvement in labour market conditions,
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Federal Reserve to buy more debt to boost US economy
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Republican Lawmaker Considering a Tobacco Tax Increase Bill | StateImpact Idaho - 0 views
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Tobacco Tax Increase
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would tack on an additional $1.25 to Idaho’s tobacco tax
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Supporters estimate the $1.25 per pack increase could raise $50 million for the state as well as encourage people to quit or not pick up the habit
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Medicaid program at least $83 million each year and cost taxpayers as much as $319 million in other health-related costs annually.
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$6 billion-a-year ethanol subsidy dies -- but wait there's more - U.S. News - 2 views
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America's corn farmers have been benefiting from annual federal subsidies of around $6 billion in recent years, all in the name of ethanol used as an additive for the nation's vehicles.
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thanks in part to high oil prices that make ethanol competitive.
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tax credit
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tax credit is up to $1.01 per gallon.
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corn ethanol, which now takes a larger share of the U.S. corn crop than cattle, hogs and poultry, as a factor in driving food prices higher.
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What the industry doesn’t want to see, however, is an end to a separate tax credit for ethanol made not from corn but non-foodstuffs like switchgrass, wood chips and even the leaves and stalks of corn.
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That ends on Jan. 1
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BBC News - Australia cuts interest rates in a bid to boost growth - 0 views
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The bank cut its key rate to 3.5% from 3.75%.
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At the same time, domestic demand has also been stagnant despite efforts to spur consumption.
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There have been concerns that Australia's resources-led boom may be hurt by falling demand due to a slowdown in global growth.
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There have been concerns that Australia's resources-led boom may be hurt by falling demand due to a slowdown in global growth.
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There have been concerns that Australia's resources-led boom may be hurt by falling demand due to a slowdown in global growth.
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There have been concerns that Australia's resources-led boom may be hurt by falling demand due to a slowdown in global growth.
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There have been concerns that Australia's resources-led boom may be hurt by falling demand due to a slowdown in global growth.
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In China, one of the biggest markets for Australian commodity exports, both the manufacturing and non-manufacturing sectors have seen the pace of growth slow in May, raising concerns about a slowdown in its economy.
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Meanwhile there have been fears about the recovery in the US economy losing its pace after it reported weaker-than-expected jobs data for May.
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accommodative stance
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The country's housing market has seen prices fall and continues to remain subdued despite earlier cuts to the cost of borrowing