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Daily business news and economic stories

Jeff Horwich

Jeff Horwich is the interim host of Marketplace Morning Report and a sometime-Marketplace reporter. He is the former host of "In The Loop" from Minnesota Public Radio and a former business and economics correspondent for MPR. He is a graduate of Duke University and has a Master's in applied economics from the University of Minnesota.

Latest from Jeff Horwich

  • The head of the International Monetary Fund today sends a conflicting message to spend and stop cutting. New weekly claims for unemployment fell last week to the lowest level in four and a half years. The U.S. Anti-Doping Agency has released a report on alleged doping by retired cyclist and cancer survivor Lance Armstrong, but support for Armstrong's charitable organization Livestrong may be immune.

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  • This week Mexican marines took out the leader of one of Mexico's most powerful drug gangs, the Zetas. There's some hope this might disrupt their reign of terror there and open up cross-border business and trade.

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  • New weekly claims for unemployment fell last week to the lowest level in four and a half years. Elsewhere around the world, the S&P has downgraded the soveign debt of Spain.

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  • Global markets are digesting the fact that the head of China's central bank will be a no-show at this week's meeting of the IMF. Toyota is recalling 7.4 million cars around the world. The Red Cross is getting involved in the European Debt Crisis — the organization is asking for donations to help the poor in Spain.

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  • There haven't been any reported safety issues over the power window switch problems, but Toyota isn't taking any chances with this recall.

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  • As China and Japan are disputing island territories, the head of China's central bank will be a no-show at this week's meeting of the International Monetary Fund in Japan.

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  • This afternoon the Federal Reserve will release the Beige Book — it's summary of economic conditions across various regions of the country,

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  • Fed Chairman Ben Bernanke and Treasury Secretary Tim Geithner are in India today talking about ways to improve economic ties with the U.S. The Cheesecake Factory is expanding to the Middle East. The IMF is forecasting slower global growth ahead. German Chancellor Angela Merkel is met with protests in Greece today.

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  • Casual dining chain, The Cheesecake Factory, is expanding abroad with 22 new locations in, of all places, the Middle East.

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  • The U.S. house intelligence committee says China's largest telecommunications companies should be banned from doing business here. The percent of U.S. households owning stock is at one of its lowest points in the last couple decades. In Venezuela, President Hugo Chavez has been reelected to a new six-year term.

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Jeff Horwich