David Cohen News
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Ben Bernanke is a student of Japan's experiment with quantitative easing and needs to avoid the mistakes of that country.
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After more than five years of reporting on school-board meetings and community bake sales, AOL Inc.’s Patch is now at the center of another story: whether the company’s bet on local news can be profitable.
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The U.S. Treasury Department said it sanctioned four Lebanese supporters of Hezbollah to limit the organization’s efforts to raise funds and recruit members in West Africa.
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The U.S. wants to make Iran’s currency useless in global commerce through an executive order that gives financial institutions a July 1 deadline to stop dealing in rials or face sanctions, Treasury official David Cohen said.
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The U.S. extended waivers for nine nations that import oil from Iran, exempting them from sanctions aimed at thwarting the Tehran government’s nuclear program.
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The U.S. announced sanctions today aimed at Iran’s petrochemical industry, targeting the Persian Gulf nation’s second-largest source of foreign revenue in an effort further isolate it from the international financial system.
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Liberty Reserve SA, whose operators are charged with running a scheme that masked more than $6 billion of criminal proceeds, was designed to help users evade scrutiny, U.S. prosecutors said.
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Members of Congress from both parties urged Obama administration officials to impose greater economic pressure to curtail Iran’s nuclear ambitions and punish its human-rights violations.
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North Korea remains “intent” on setting up front companies to smuggle material to build weapons as well as selling arms abroad, the U.S. Treasury Department’s Undersecretary for Terrorism and Financial Intelligence David Cohen said.
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China is committed to making sure United Nations Security Council sanctions against North Korea have an impact, a U.S. Treasury official said after meeting with Chinese officials in Beijing.
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