Brian Barry News
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Most policy ideas for reducing demand for energy rely on one of two claims about why consumers need to be steered toward using less of it. Call these claims Flawed People and Flawed Markets.
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The cost to insure company debt from default fell to a nine-month low in Europe on optimism Greece’s bond buyback will unlock aid and the Federal Reserve will announce steps to stimulate economic growth.
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The cost of insuring European debt against default is heading for the biggest weekly drop since September amid optimism European leaders will let Greece get its next aid installment and on new signs of economic recovery.
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Spain’s bonds fell, pushing five- and 10-year yields to euro-era records, as the nation’s borrowing costs rose at an auction amid concern its banks’ and regions’ debts will force it to seek a sovereign bailout.
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The electoral map, the demographics behind President Barack Obama’s re-election and the high-end tax increases that were just wrung from the Republicans give Democrats reason to believe that long-term political trends are on their side in budget negotiations. This view, however, ignores what is happening at the state level.
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Germany’s bonds rose, with 10-year yields dropping the most in a week, after a report showed the nation’s exports fell more than analysts forecast on concern the debt crisis is weakening economies across the region.
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The cost of insuring against default on European sovereign debt fell for a second day as investors pared bets the region’s crisis is worsening.
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Germany’s bonds rose, driving the nation’s borrowing costs to record lows, on speculation Europe’s economic slump is deepening and exacerbating the region’s financial crisis.
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Spain’s government bonds fell for a third day after the central bank said gross domestic product shrank for a fifth quarter, harming the nation’s ability to repay its debt.
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Spain’s government bonds advanced, pushing 10-year borrowing costs to the lowest in more than six months, after Moody’s Investors Service said it would keep the nation’s credit rating at investment grade.
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