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Thursday, October 4, 2012

Reuters Money: Obama, Romney debate sheds little light on healthcare issues

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10/4/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Obama, Romney debate sheds little light on healthcare issues
WASHINGTON (Reuters) - President Barack Obama and his Republican challenger Mitt Romney agree that the $2.8 trillion U.S. healthcare system is broken, but neither candidate on Wednesday presented voters with a clear idea of how to fix it.
Romney: cuts in tax breaks for oil, gas "on the table"
WASHINGTON (Reuters) - Republican presidential challenger Mitt Romney hinted he could eliminate billions of dollars in U.S. oil and tax breaks if he were elected, but the reductions would be far less than what President Barack Obama wants.
Romney, Obama both like Simpson-Bowles plan, to a point
WASHINGTON (Reuters) - Republican hopeful Mitt Romney and President Barack Obama praised the deficit-cutting plan known as Simpson-Bowles at their debate on Wednesday, but neither has made the politically painful choices put forward by that scheme.
Employers also worry about retirement readiness
CHICAGO (Reuters) - Numerous surveys show that U.S. workers are deeply pessimistic about their ability to save enough for a secure retirement. But it turns out their bosses are pretty worried, too.
Atwater, California declares fiscal emergency
OAKLAND, California (Reuters) - The city council of Atwater, California approved a fiscal emergency declaration on Wednesday night, a move that could put the city of 28,000 on the path to becoming the fourth city in the most populous U.S. state to declare bankruptcy this year.
Me and My Money: Macy Gray
CHICAGO (Reuters) - Ask Macy Gray about her net worth, and the Grammy-winning R&B singer and songwriter is not sure - though she is perfectly willing to help out with a little online research. She stops the interview to trawl celebritynetworth.com, where she plugs her name into a search engine and pulls up a number. A very large number.
Race to cut ETF costs may leave investors in the dark
NEW YORK (Reuters) - Exchange-traded funds are waging a price war that may save investors money on fees, but cheaper fund choices pose a greater risk because they may rely on new, more-opaque indexes.
The monetization game: James Saft
(James Saft is a Reuters columnist. The opinions expressed are his own)
U.S. companies add jobs in September, service sector expands
NEW YORK (Reuters) - U.S. companies added more jobs than expected in September, while activity in the vast services sector picked up, suggesting the economy remained on track for modest growth.
Grandpa has dementia, but he's still trading stocks
WASHINGTON (Reuters) - It's a sad, sticky and increasingly common situation: An elderly relative insists on managing his money, but you suspect he's losing his ability to handle that.
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