GM Kills Electric Trolley
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Europe, China Higher
Europe is higher on talk of yet another Greek bailout package from the IMF: a proposed 5 billion package to help Greece through 2012 and 2013. But the most important event of the morning is that Greece sold 3 month bills at a yield of 4.88 percent, only a little higher than last month’s auction. Apparently the Greeks have not been completely shut out of the capital markets.
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Consumer Advocate in Chief?
President Obama has chosen to follow a well-worn script — looking for political advantage by pretending to protect voters from the evils of the marketplace.
Read more on Ludwig von Mises Institute