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  • Today, a woman in Australia born without arms or legs reached a multi-million dollar settlement with the distributor of Thalidomide, as a previously undiagnosed victim of the drug's side effects. The case may prompt similar legal action for uncompensated victims around the world.

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  • Groundbreaking on new homes jumped up last month at the fastest pace in three years. Housing starts were up 6.9 percent from May and 24 percent from a year ago.

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  • As Romney prepares to tap running mate, historians say vice presidents have a mostly unseen role in shaping policy.

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  • The United States isn't the only country looking for a place to store nuclear waste safely for all eternity. But the U.S. may be closer to a solution.

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  • The nation's largest public pension fund got just a one percent annual return on its investments, well below the 7.5 percent the California Public Employees' Retirement System had projected for the fiscal year that ended June 30.

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  • Two fascinating pieces of research from Keefe Bruyette & Woods estimates how much American banks may be on the hook for as the LIBOR scandal grows.

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  • In the face of a tough banking market and disappointing earnings, Goldman Sachs announced this week that it will build a private bank — joining the ranks of UBS and U.S. Trust and others — that will manage and lend money to very wealthy individuals and companies.

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  • There's a new bad word in the race for president: 'Outsourcing.' But the latest political back-and-forth, while dramatic, ignores the realities of the American economy.

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  • Federal Reserve chairman Ben Bernanke will testify on Capitol Hill today, and the big question is: Will he signal that more monetary stimulus is on the way?

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  • The U.S. has been pressing Russia to stop sending arms to Syria for much of the 16-month conflict between the government and opposition forces. Russia has said it will not make any new deals with Syria, but it looks like arms will continue to flow.

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