Richard Dekaser, economist with the Parthenon Group, says modest inflation is starting to catch 'our attention, but not ringing any alarm bells,' meaning as long as the labor market continues anemic hiring, we run the risk of deflation.
Four of the five biggest U.S. tobacco companies are suing to avoid a new law requiring graphic labels on cigarette packs starting next year. The companies say those labels violate free speech because they require them to carry a government-sponsored appeal to not use their legal product.
China holds $1 trillion in U.S. debt, and the Chinese government is looking for reassurances from Vice President Biden that the Obama administration has a plan to deal with economic uncertainty to keep that investment safe
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