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Paul Dykewicz

[U.S. Capitol]
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The Labor Department has contacted the Census Bureau about allegations in a New York Post article today that reported jobs data released before the 2012 presidential election were manipulated. Labor Department officials have contacted the Census Bureau about the allegations and was informed the matter has been referred to the Commerce Department for an investigation.

[European Central Bank]
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The Organization for Economic Cooperation and Development cut its global growth forecasts for this year and next year to reflect the cooling of emerging-market economies, including India and Brazil. The world’s economy probably will expand 2.7 percent this year and 3.6 percent next year, instead of the 3.1 percent and and 4 percent, respectively, predicted by OECD in May.

[Wall St. Sign]
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Former Treasury Secretary Timothy Geithner, 52, will be able to tap his vast professional network when he becomes president at the buyout firm Warburg Pincus LLC, starting March 1. He will help manage the company, invest its funds and communicate with investors, New York-based Warburg Pincus announced.

[Marriner S. Eccles Federal Reserve Board Building]
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Five years after Federal Reserve Chairman Ben Bernanke cut U.S. interest rates toward zero to end the worst economic crisis since the Great Depression, America’s financial markets continue to rise. From money-market rates to yields on government and company bonds to equity prices, financial conditions in the United States seem healthier than before Lehman Brothers Holdings Inc. collapsed in 2008.

[dollar bills]
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The dollar and the yen fell this morning against growth-linked currencies which drew support from higher stock markets as investors responded positively to prospects of more economic reform in China.

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U.S. stocks rose, sending the Standard & Poor’s 500 Index above 1,800 for the first time, as global equities rallied after China pledged to expand economic freedoms. The S&P 500 climbed 0.2 percent to 1,801.09 at 9:32 a.m. in New York.