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$61 billion due...Wal-Mart hearts America & more

Fun FAQ. Sick of hearing about the debt ceiling? Squeeze in just one more read. This fact-filled article breaks down what’s really at stake if the government can’t borrow more cash to pay its debts. Tidbit: Starting Feb. 15 some $61 billion in...

$1 trillion joke?... Disney magic…& more

It’s payback time. It sounds like a joke. A little-known loophole could permit the Treasury to mint a $1 trillion platinum coin (or coins)—which the president could then use to pay off part of the nation’s debt. (ABCNews) Are they kidding?Here’s...

Cliff notes…'Downton' update…& more

Photo Source: Rex Features via AP Images The short version. The nation’s collective cliffhanger is resolved (sort of). What do you need to know? Here’s a super-short primer, courtesy of Reuters. In addition to a higher tax rate on family incomes...

Election Clues from the S&P

Can the stock market predict the outcome of a presidential election--especially one as tight as this? Historically yes, sort of. Since 1900, if the S&P 500 posts gains from July 31 to October 31 prior to an election, the incumbent saw a victory...

What the Fiscal Cliff Really Is

The term: “Fiscal cliff” sounds dire, but it describes a combination of old tax breaks expiring, new tax increases and federal cutbacks that all take effect by January, 2013. President Obama or Governor Romney can’t steer us away from the...

Must read, watch, think & talk about

Legal trouble. Since it acquired Merrill Lynch in 2008, Bank of America has been entangled in a series of pricey legal battles. A high note, literally, was last week's $2.43 billion payout to settle a class-action lawsuit in which plaintiffs...

Hot Topics for Today

You’ve heard about the attacks on U.S. embassies in Egypt and Libya yesterday. The U.S. Ambassador to Libya, Christopher Stevens, and three staff members, were killed. That the violence happened on 9/11 casts a deeper shadow over these terrible...

Economy uptick! ... Bus monitor fights bullying... and more

Welcome to Wednesday, and everything you need to know, outside of the Republican and Democratic National Infomer—er, Conventions. Homes, sweet homes. It could be the first rosy glimmer of light at the end of this stupid downturn: housing prices...

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