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Monday, January 7, 2013

Reuters Money: Identity thieves go shopping for Apple products

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01/7/2013
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
Identity thieves go shopping for Apple products
(Reuters) - Carol Stuber was going through her mail and stumbled on a bill that made no sense - $3,300 for goods purchased from Apple using an instant-approved financing plan. "I said, 'What the heck is this?" she recalls.
Obama says U.S. can't afford more showdowns over debt, deficits
HONOLULU (Reuters) - Fresh from the long legislative fight to prevent a "fiscal cliff" of tax hikes and spending cuts, President Barack Obama warned on Saturday that the United States could not afford further budget showdowns this year or in the future.
Veteran broker departures shift $133 billion client assets in 2012
NEW YORK (Reuters) - Brokerages saw top advisers depart in droves last year and shift $132.5 billion in client assets with them, a Reuters tally shows, creating headaches for some Wall Street banks at a time when wealth management is becoming an increasingly important part of business.
Tear up the textbooks? Economists say bold Fed challenges models
SAN DIEGO (Reuters) - Economists have got a problem. Dramatic action by central banks to counter a global financial crisis cannot be explained by traditional models of how monetary policy works, and the economics profession has got to go back to the drawing board.
A platinum solution to fiscal woes: $1 trillion coin
WASHINGTON (Reuters) - If you had to flip a coin over whether Congress will raise the debt ceiling, here's the ultimate one - a freshly minted trillion-dollar platinum coin.
Shunning Japan gets riskier: James Saft
(Reuters) - After 23 years of being the smelly wet dog of global markets Japan may be at a turning point.
Your Money: Lawsuit raises legal issues for consumer reviewers
(Reuters) - If you are mad as hell about a consumer experience you've had, you may want to exercise your right of free speech to express your dismay in a public forum - these days, by posting a negative review on a site like Yelp or Angie's List.
Hedging "cliff" volatility might not get you too far
CHICAGO (Reuters) - Once again, "fiscal cliff" mayhem has given investors a furtive look into the unsettling world of market volatility, which will not end with Tuesday's deal. We will likely see more Tilt-A-Whirl politics in the coming two months as Congress deals with the debt ceiling and budget cuts.
Wealthy may defer income, curb some spending after U.S. cliff deal
(Reuters) - With the fiscal cliff avoided and U.S. tax rates rising for higher income households, financial advisers have gone into overdrive to help their clients mitigate the negative effects while trying to benefit from the greater clarity.
Stern Advice - What's wrong with personal finance?
WASHINGTON (Reuters) - It is not easy if you have dedicated most of a journalism career to writing about money to read "Pound Foolish: Exposing the Dark Side of the Personal Finance Industry."
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