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Thursday, June 14, 2012

Financial News 06/14/2012

• Forbes: 66% of global economy underground by 2020 per OECD
• CNBC: U.S. Treasury Secretary says 2% GDP growth bad for jobs
• RealtyTrac: May foreclosures up 9% with 205,990 filings
• DOL: 386,000 jobless claims were filed the week ending 06/09/2012
• Bloomberg: Roth 401(k)s contributions matched via 401(k)s
• Metro Times: Green black-market growing via unemployment
• ABC: 10.000 jobs to be cut by Nokia by end of 2013 
• Reuters: Germany steadfast in refusal to bailout Eurozone 
• Telegraph: Germany considers contribution to stabilization fund
• Moody's: Spanish bond rating downgraded to Baa3 from A3
• BBC: Spanish bond yields reach unsustainable rate of 7%
• Business Insider: 21.8% of China's exports go to Europe

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