Bernanke Says Fed to Boost Loans to Banks as Needed (Update2)
By Craig Torres and Steve Matthews

May 13 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke said financial markets remain unsettled and the central [...]

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U.S. Stocks Fall, Led by Banks; JPMorgan, Hewlett-Packard Drop
By Michael Patterson

May 13 (Bloomberg) — U.S. stocks fell, led by banks, after Federal Reserve Chairman Ben S. Bernanke said financial companies may need to [...]

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China and Tibet
A lama in sheep’s clothing?
Revered by Tibetans, reviled by China
The devil China knows
NOT long after calling him a “devil” with a human face and the heart of a beast, Chinese officials are talking again to representatives of the Dalai Lama. But in the Indian hill town of Dharamsala, the seat of Tibet’s [...]

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The presidential election
The next stage
Barack Obama turns his attention to the Republican, John McCain

BARACK OBAMA has not yet declared victory over Hillary Clinton, but, almost as telling, in his speeches these days he hardly mentions her name. Even though Mrs Clinton is most likely to win the primary election in West Virginia on Tuesday [...]

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DAILY ECONOMIC DATA

Retail Sales declined 0.2% in April

Retail sales declined 0.2% in April, matching consensus expectations. Retail sales excluding autos increased 0.5%, beating the 0.2% consensus expected gain.

Sales in March were revised upward.

All of the decline on overall sales can be attributed to motor vehicles and parts, [...]

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