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TRESSE FX ADDS STYLIST
January 02, 2001 11:00 pm
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NAIL TECH RELOCATES
December 29, 2000 11:00 pm
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WISECARVER JOINS STUDIO ONE TEAM
December 29, 2000 11:00 pm
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  • Asia shares rise on Fed, China policy speculation
    Asian shares were tentatively higher on Wednesday after Wall Street rebounded on speculation the Federal Reserve would maintain a pledge on low rates when a two-day policy meeting ends later in the session. ...
  • New data shows Americans' incomes still stagnant after recession
    In what has become a recurring theme in America's long slog back from the 2007-09 recession, most U.S. A report from the Census Bureau on Tuesday showed the country's median household income edged up just $180 last year to $51,939, a gain deemed statistically insignificant. The figures make it easier to understand why many Americans think the United States remains in recession and why President Barack Obama's approval ratings have hovered near 40 percent. Obama took office a few months before the recession ended in June 2009, and a frustratingly slow economic recovery has vexed his presidency and could weigh on his Democratic Party in November's congressional elections.
  • Roller-coaster debate over new Fed tool may get resolved this week
    Federal Reserve officials will rewrite their strategy for normalizing monetary policy this week given signs that a roller-coaster debate over a new tool for controlling interest rates is nearing its resolution. Many Fed officials, economists and financial market participants once believed the so-called overnight reverse repurchase facility, which has been tested for a year, would become the main lever for steering interest rates and play a central role in a new monetary policy framework. In a reverse repo - a tool used by other central banks, but new for the Fed in such an unlimited capacity - the central bank offers Treasury securities in exchange for cash from banks, money market funds and mortgage finance agencies, effectively paying them to park funds with the Fed.

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