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New July 2013

Pair accused of trying to deposit fake bonds in Vatican bank

<!– google_ad_section_start –> Vatican police apprehended an American and a Dutch man who were trying to deposit billions of euros and US dollars in fake bonds in the Vatican bank. <!– google_ad_section_end –>

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Vatican bank fraud foiled after suspects stopped with 1.2bn of forged bonds

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Would-be swindlers were carrying a case of forged bearer bonds as they tried to enter the Vatican gates ‘to meet cardinals’The papal gendarmerie and Italian police have foiled a massive potential fraud at the Vatican bank after two men stopped at the gates to the Vatican were found to be carrying a case containing large amounts of forged bearer bonds, Italian police say.Lt Col Davide Cardia of the financial police said the would-be swindlers, who were wearing business suits, tried to convince Swiss Guards at a Vatican City gate this month that cardinals were expecting them.

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China seizes US$14.5b assets from family, associates of ex-security chief Zhou Yongkang

<!– google_ad_section_start –> Chinese authorities have seized assets worth at least 90 billion yuan (HK$112.5 billion) from family members and associates of retired domestic security tsar Zhou Yongkang, who is at the centre of China’s biggest corruption scandal in more than six decades, two sources sa <!– google_ad_section_end –>

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China seizes $US14.5bn assets linked to ex-spy chief Zhou Yongkang – report

Gold, paintings and property confiscated, and 300 relatives and allies held or questioned in huge investigation into corruptionChinese authorities have seized assets worth at least 90bn yuan ($US14.5bn) from family members and associates of retired domestic security chief Zhou Yongkang, who is at the centre of China’s biggest corruption scandal in more than six decades, two sources said. More than 300 of Zhou’s relatives, political allies, proteges and staff have also been taken into custody or questioned in the past four months, the sources told Reuters.

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China seizes $14.5bn of ex-official assets

Illegal assets were seized from family members and associates of retired domestic security chief Zhou Yongkang.

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How to double returns with a P2P ISA

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How P2P ISAs could double your rate of return

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US, Dutch men arrested attempting to deposit billions in fake bonds in Vatican bank

Vatican police on Saturday apprehended an American and a Dutch man who were trying to deposit billions of euros and US dollars in fake bonds in the Vatican bank. The men were stopped by the police when they approached one of the guarded gates at the Vatican and asked to be let through to the…

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Pope and Prez Nix Partisanship

The relationship between the Obama administration and the Catholic Church has often been derailed by conservative factions, but face to face Obama and Pope Francis blew right past that.

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Many Detect End of Line For Stimulus By the Fed

Even officials who support the stimulus agree that the Fed should taper off on its bond buying and focus on stimulating the economy by other means.

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Control of China’s local government debt begins with an open book

<!– google_ad_section_start –> Among the ills afflicting the Chinese economy, a few are particularly deadly: the ballooning local government debt is one of them. No one knows for sure how massive it is, or how risky. <!– google_ad_section_end –>

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Argentine leader Fernandez loses support in midterm primary

<!– google_ad_section_start –> A possible re-election bid by Argentine President Cristina Fernandez seemed less likely on Sunday after Buenos Aires province rejected her candidate in the midterm congressional primary, nominating instead a pro-business, small-town mayor. <!– google_ad_section_end –>

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China’s patience wearing thin with erstwhile ally North Korea

<!– google_ad_section_start –> Six decades after treating traumatised Chinese soldiers from the battlefields of Korea, psychiatrist Xue Chongcheng remains convinced their sacrifices – that forged bonds between Beijing and Pyongyang in blood and fire – were essential. <!– google_ad_section_end –>

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Can Motor City Recover?

The largest and most complex municipal bankruptcy in American history could affect everything from municipal bonds to pension funds, writes Stephen D. Eide.

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Detroit governor vows to make bankrupt city great again

<!– google_ad_section_start –> Detroit will be a great city again once the birthplace of the US automotive industry gets a fresh start with a bankruptcy filing, Michigan’s governor said on Friday. Saddled with more than US$18 billion in debt and a shrunken tax base, the Motor City has been so strapped for cash it can’t even keep the streetlights on. <!– google_ad_section_end –>

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G20 seeks to chart recovery course amid choppy markets

<!– google_ad_section_start –> The world’s economic crisis response team will grapple with the prospect of more market volatility on Friday as finance ministers and central bankers gather in Moscow to chart a course towards recovery. The Group of 20, a forum that took the lead in the 2008-09 financial crisis, now faces a multi-speed global economy in which only the United States appears to be nearing a self-sustaining recovery. <!– google_ad_section_end –>

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Books Of the Times: ‘The Panopticon,’ a Debut Novel by Jenni Fagan

“The Panopticon” by Jenni Fagan centers on a fierce 15-year-old who forges bonds with other girls yearning to escape confinement.

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Portugal president wants ’salvation’ deal, including opposition

<!– google_ad_section_start –> President Anibal Cavaco Silva proposed an urgent cross-party agreement between the ruling coalition and opposition Socialists on Wednesday to ensure Portugal can complete adjustments under a bailout by June next year before holding early elections. Cavaco Silva said the coalition government remains in office and made no clear statement about a proposed cabinet reshuffle by the ruling Social Democrats and their junior coalition partner, the rightist CDS-PP party, to end an internal rift. <!– google_ad_section_end –>

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World stock markets rise ahead of US jobs report

<!– google_ad_section_start –> BANGKOK (AP) — Optimism that easy European and U.S. monetary policy will continue boosted global stock markets Friday as investors awaited a key American jobs report later in the day. The prospect of continued monetary stimulus helped offset worries earlier in the week of a Chinese slowdown, European debt woes re-emerging and disruption of energy markets due to the military ouster of Egypt’s president. <!– google_ad_section_end –>

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Asian markets up on Europe, US policy optimism

<!– google_ad_section_start –> BANGKOK (AP) — Optimism that easy European and U.S. monetary policy will continue boosted Asian stock markets Friday as investors awaited a key American jobs report later in the day. The prospect of continued monetary stimulus helped offset worries earlier in the week of a Chinese slowdown, European debt woes re-emerging and disruption of energy markets due to the military ouster of Egypt’s president. <!– google_ad_section_end –>

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America, Inc. at it’s Finest

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7 For All Mankind, a division of VF Contemporary Brands
Bren-Books.com, Modern first editions and collectible fiction<

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Chocolate Artisan Truffles by Just Chocolate

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J&R Computer/Music World
Burberry
New July 2013