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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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The State of Global Headwinds and Risks

Category : Stocks

NEW YORK (Real Money) — In a recent column, I discussed a baseline case for economic growth of around 2% to 2.5%, but I emphasized that headwinds and risks could derail the economy from that course. I discussed headwinds — those we already know to be true — in another recent column, and I discussed risks, things whose outcome is uncertain.

Two risks relate to governments that are trying to balance their budgets, both here and in Europe.

One of the risks the U.S. economy faces is the “fiscal cliff” at the end of this year, when taxes are scheduled to increase and spending cuts take their place. The Congressional Budget Office noted in a report recently that if lawmakers fail to remedy the situation, growth in GDP in calendar year 2013 will be just 0.5%, and the economy will contract at a -1.3% rate in the first half of the year (in other words, a recession), and then expand at an annual rate of 2.3% in the second half. …

Follow this link: The State of Global Headwinds and Risks

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