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AUG 28, 2014 - San Francisco Chronicle

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French leader banks on free market to save economy

The French president who once decried global finance and vowed a 75-percent tax on millionaires has quashed dissent from his Socialist government's left flank and appointed a well-heeled former investment banker as his new point man on the economy. France is willing to embrace more free market policies and often unpopular reforms to tackle double-digit unemployment and zero economic growth. ...

Tags: French leader banks on free market to save economy,  Economy Latest News

AUG 28, 2014 - Forbes

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New French Economy Minister Breaks 35-hour Taboo

The freshly appointed French economy minister started by breaking a taboo by attacking the country’s 35-hour official working week that the ruling Socialist Party instated in the year 2000 in a bid to create more jobs by reducing the working week. It shows reform-mindedness but may be hard to push through.

Tags: New French Economy Minister Breaks 35-hour Taboo,  Economy Latest News

AUG 28, 2014 - San Francisco Chronicle

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German unemployment ticks up slightly in August

BERLIN (AP) — Germany's Federal Labor Office says the country's jobless rate ticked up slightly to 6.7 percent in August as 30,000 more people joined the ranks of the unemployed. The office said Thursday there were 2.90 million people out of work in August overall, and as a result the unemployment rate inched 0.1 percentage point higher from July. When ...

Tags: German unemployment ticks up slightly in August,  Economy Latest News

AUG 28, 2014 - San Francisco Chronicle

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Revised estimate of Q2 growth likely to stay solid

In its first estimate last month, the Commerce Department said the U.S. gross domestic product — the economy's total output of goods and services — grew at a seasonally adjusted annual rate of 4 percent. Economists have forecast that the government will slightly downgrade its estimate of second-quarter growth to say the economy expanded at a 3.9 percent annual rate. ...

Tags: Revised estimate of Q2 growth likely to stay solid,  Economy Latest News

AUG 28, 2014 - San Francisco Chronicle

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Survey: Americans' pessimism on economy has grown

WASHINGTON (AP) — Americans are more anxious about the economy now than they were right after the Great Recession ended despite stock market gains, falling unemployment and growth moving closer to full health. The slow pace of improvement during most of the recovery, now in its sixth year, has eroded confidence and slowed a return to the pay levels that ...

Tags: Survey: Americans' pessimism on economy has grown,  Economy Latest News