Marketplace Morning Report for Monday, December 16, 2013
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Japanese Prime Minister Shinzo Abe came to power a year ago. His party's policy of "Abenomics" involves lots of stimulus spending, easy money from the central banks and then structural reforms. The Italian Prime Minister has called it his country's "true nightmare." The German Chancellor says it threatens the future of Europe. They are talking about staggeringly high numbers of young people who can't find work. It's a much bigger problem in Europe than in the U.S., where it's also a problem. All this week, Marketplace is putting the spotlight on what we're calling Generation Jobless. And, thought you'd stop by the post office today with your packages? Six million of your friends and neighbors will be doing the same thing on this busiest mailing day of the year.
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Posted In: Fed, Federal Reserve, Ben Bernanke, stimulus
Now that some parts of the economy seem addicted to the Fed's stimulus, how does the central bank extricate it?
Posted In: Shinzo Abe, Japan
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