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Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.
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IG Audit: 6.5 Million People With Active Social Security Numbers Are 112 or Older (Susan Jones, cns news) The Inspector General has found that millions of people the Social Security Administration knows to be dead are not so listed in the department's records. Sen. Ron Johnson (R-WI):
Articles about events, conflicts and disease around the world
Liquidity evaporates in China as 'fiscal cliff' nears (The Telegraph) Here is a picture of the Chinese housing slowdown:
US Dollar Index (Chart of the Day) A nice picture. Here is the brief text accompanying:
Euro Plunge Is Picking Up Pace (The Wall Street Journal)
The Race to the Bottom (Walter Kurtz, The Daily Shot) This table doesn't show it but the decline in interest rates is accelerating in March. Yes, Virginia, there is a bottom - we just can't see it yet. For many the bottom will be below 0% interest. And the decline continued even as Draghi issued a report saying that sovereign debt sholuld no longer be classified a "risk free": Draghi-backed report urges review of sovereign debt treatment (Reuters)
Euro Fuels Dollar Surge (Acemaxx Analytics, Twitter)
Other Economics and Business Items of Note and Miscellanea
This 27-Year-Old Made Millions Riding the Death Spirals of Penny Stocks (Bloomberg Business) Josh Sason profited by lending failing companies money. The "Wolf of Main Street"?
No one knows the size of the government’s contracted workforce (The Washington Post) The CBO (Congressional Budget Office) has no idea.
How the U.S. Dollar Made a Spectacular Turnaround That Took Everyone by Surprise (Bloomberg Business)
Here Are The Obama Administration's Net Neutrality Rules (The Huffington Post)
Oppenheimer’s Memani Says He Was Wrong on Dollar Rally Easing (Bloomberg Business)
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