China raises financial institution reserves to curb lending, ease inflation

China ordered its banking institutions Friday to maintain back more funds as reserves in its newest transfer to curb lending and cool a spike in inflation The buy raising reserves 0.5% of deposits is the second this kind of move this year by the central financial institution and follows 6 reserve raises in 2010. Reserves […]

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Half of U.S. pays no federal income tax

Half of U.S. pays no federal income tax Credits for low- and middle-income families exempt many Tax Day is a dreaded deadline for millions, but for nearly half of U.S. households it’s simply somebody else’s problem. About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, […]

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