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Why the U.S. Has Fallen Behind in Internet Speed and Affordability Why the U.S. Has Fallen Behind in Internet Speed and Affordability

The following is an excerpt from Claire Cain Miller | October 30, 2014 | Nytimes.com | America’s slow and expensive Internet is more than just an annoyance for people trying to watch “Happy Gilmore” on Netflix. Largely a consequence of monopoly providers, the sluggish service could have long-term economic consequences for American competitiveness. Downloading a high-definition movie takes about seven seconds in Seoul, Hong Kong, Tokyo, Zurich, Bucharest and Paris, and people pay as little as $30 a month for that connection. In ... Read More

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2014 Campaigns Get Desperate 2014 Campaigns Get Desperate

The following is an excerpt from Tessa Berenson | October 30, 2014 | Time.com | When candidates are headed for defeat, they put out some desperate ads There’s a certain type of campaign ad that candidates hope they’ll never have to run. It typically airs in the final days before the election, when the polls aren’t looking good and they decide to try for a Hail Mary pass to shake things up. With the midterm elections just days away, these ads are surfacing now. ... Read More

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Citigroup Cuts Already-Reported Earnings, Cites $600 Million In Legal Accruals Citigroup Cuts Already-Reported Earnings, Cites $600 Million In Legal Accruals

The following is an excerpt from Steve Schaefer | October 30, 2014 | Forbes.com | Citigroup C +0.97% enjoyed a nice rally when it reported third-quarter earnings Oct. 14. Just over two weeks later the bank says late additions to its legal reserves reduced its earnings by more than half a billion dollars. Citi cited “rapidly-evolving regulatory inquiries and investigations, including very recent communications with certain regulatory agencies related to previously-disclosed matters” as the cause of a $600 million increase in “legal ... Read More

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Apple’s Tim Cook: ‘So Let Me Be Clear: I’m Proud To Be Gay’ Apple’s Tim Cook: ‘So Let Me Be Clear: I’m Proud To Be Gay’

The following is an excerpt from Rich Trenholm and Shara Tibken | October 30, 2014 | cnet.com | Apple's CEO publicly discussed his sexual orientation for the first time in an effort to help anyone "struggling to come to terms with who he or she is." Apple CEO Tim Cook publicly acknowledged his sexual orientation for the first time, saying he wants to use his position as leader of one of the world's most valuable companies to bring attention to the discrimination minorities ... Read More

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Wall St. Up On Earnings, Data Mixed Wall St. Up On Earnings, Data Mixed

The following is an excerpt from Rodrigo Campos | October 28, 2014 | Reuters.com | (Reuters) - U.S. stocks rose on Tuesday as strong earnings and an upbeat consumer confidence reading more than offset weaker-than-expected housing and industrial data. Ranking among the largest percentage gainers on the S&P 500 were Amgen, AutoNation and Cummins, which reported earnings between late Monday and Tuesday morning. They more than offset declines in Kohl's, Coach and Freeport McMoRan. Indexes hit session highs in early trading after a ... Read More

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Pfizer beats sales and profit forecasts, mum on future deals Pfizer beats sales and profit forecasts, mum on future deals

The following is an excerpt from Ransdell Pierson | October 28, 2014 | Thefiscaltimes.com | (Reuters) – Pfizer Inc reported stronger-than-expected quarterly results, helped by growing sales of its cancer drugs and demand for its medicines in emerging markets, but did not signal any acquisition plans following its recent failed efforts to buy rival British drugmaker AstraZeneca Plc . The largest U.S. drugmaker on Tuesday said it had earned $2.67 billion, or 42 cents per share, in the third quarter. That compared with ... Read More

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Softbank Ready to Splash $10B on India Investments Softbank Ready to Splash $10B on India Investments

The following is an excerpt from YURI KAGEYAMA | October 28, 2014 | abcnews.go.com | Japanese telecommunications company Softbank Corp. said Tuesday it bought stakes in two Indian technology companies and could splash $10 billion on investments in the country over the next decade. Softbank, which sells the iPhone in Japan, is investing $627 million and becoming the biggest shareholder in Snapdeal, the largest digital marketplace in India with 25 million users and 50,000 businesses. It brings together products from thousands of ... Read More

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Lawmaker Claims Plans May Be In Pipeline To Bring Non-Citizens To US For Ebola Treatment Lawmaker Claims Plans May Be In Pipeline To Bring Non-Citizens To US For Ebola Treatment

The following is an excerpt from Foxnews.com | October 28, 2014 | Lawmaker claims plans may be in pipeline to bring non-citizens to US for Ebola treatment. Rep. Bob Goodlatte, R-Va., chairman of the House Judiciary Committee, told Fox News that his office has received "information from within the administration" that these plans are being developed. So far, only American Ebola patients have been brought back to the U.S. for treatment from the disease epicenter in West Africa. Goodlatte warned that expanding that ... Read More

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China Goes On A Crude-Oil Buying Spree As Global Prices Tumble To $85 A Barrel China Goes On A Crude-Oil Buying Spree As Global Prices Tumble To $85 A Barrel

The following is an excerpt from Maria Gallucci | October 27, 2014 | ibtimes.com | China is snapping up unusually high amounts of crude oil as global prices hit their lowest level in years, Wall Street Journal reported Monday. The buying spree could boost the weak international demand for oil, which has helped to push down prices by more than 25 percent over the past five months, analysts say. A unit of state-run China National Petroleum Corp. has purchased 36 cargos of ... Read More

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NBC News/Marist Polls Show Tight Contests In Key States NBC News/Marist Polls Show Tight Contests In Key States

The following is an excerpt from Mark Murray | October 26, 2014 | msnbc.com | Control of the U.S. Senate is coming down to the wire, with Democrats and Republicans locked in tight races in the key contests that will determine the majority in that chamber of Congress, according to six new NBC News/Marist polls. The momentum in these races, however, has swung mostly in the Republican Party’s direction, giving the GOP a clear path to winning the majority. * In Colorado’s Senate ... Read More

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