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Europe Tells Greece to Speed Up Economic Reform – Yahoo! Finance

International officials told Greece on Monday night to accelerate the pace of economic reform in exchange for further financing from a stalled bailout package.  Jean-Claude Juncker, the head of the Eurogroup of finance ministers, told a news conference that 89 so-called “prior actions” like overhauling labor and pension laws that were agreed to with Greece…

Moody’s Global Junk-Bond Default Rate Rose to 3% Last Month – Businessweek

The global default rate for speculative-grade debt increased 0.1 percentage point during the third quarter to 3 percent in September, the highest level in almost two years, according to Moody’s Investors Service. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through…

Obama’s next Fed chief: Who gets the job if the president wins a second term? – The Washington Post

This Washington Post reporter suggests that if Obama is reelected the list of likely candidates for Fed chairman includes 14 names. He considers the leading candidates to be Bernanke, Larry Summers, Tim Geithner, Janet Yellen, Roger Ferguson, and Bill Dudley. Needless to say, if one of this is the next Fed Chair, nothing will change.…