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ANALYSIS-Fed's "dot plot" looks increasingly out of touch on rates

SAN FRANCISCO, Feb 14- The Federal Reserve's rate path "dot plot" has become increasingly detached from financial markets' interest-rate projections and risks sending an overly hawkish message that may undermine the central bank's credibility. Both Fed Chair Janet Yellen and New York Fed Chief William Dudley suggested this week that rate rises were still on...
Source: Reuters | By: Ann Saphir
Scalia's death means loss of key vote in divided cases

WASHINGTON— Justice Antonin Scalia's death deprives conservatives of a key vote that could change the outcome in some major Supreme Court cases, including one in which labor unions appeared headed for a big defeat. Next month's Supreme Court arguments in a clash over contraceptives, religious liberty and President Barack Obama's health care law also now...
Source: The Associated Press | By: By MARK SHERMAN, Associated Press
Paulson's new fund bets big on distressed debt

John Paulson is in the final stages of readying a new fund to take advantage of the next big distressed debt play, sources tell CNBC.
Source: CNBC.com | By: Dawn Giel
Obama gears up for battle over Scalia successor

The death of Justice Antonin Scalia on Saturday set off an immediate partisan battle over the Supreme Court vacancy, the New York Times reports.
Source: The New York Times | By: Mark Lander and Peter Baker
U.S. DEMOCRAT HILLARY CLINTON SAYS KEEPING SUPREME COURT SEAT OPEN BEYOND NOVEMBER ELECTION WOULD 'DISHONOR OUR CONSTITUTION'

DEMOCRAT HILLARY CLINTON SAYS KEEPING SUPREME COURT SEAT OPEN BEYOND NOVEMBER ELECTION WOULD' DISHONOR OUR CONSTITUTION'.
Source: Reuters
Reality tempers optimism in coal country after court ruling

MADISON, W.Va.— The U.S. Supreme Court has delivered a commodity that is hard to come by in coal country: hope. For the long-suffering communities that depend on coal, last week's Supreme Court ruling was seen as a rare victory. To Joshua Johnson, 29, the Supreme Court's ruling was as welcome to him as a sunny day in spring in southern West Virginia.
Source: The Associated Press | By: By JOHN RABY and MATTHEW BROWN, Associated Press
Main Street holds up as Wall Street struggles, for a change

NEW YORK— Wall Street is hurting, and Main Street doesn't care. It's an about-face from the early years of the economic recovery, which began in 2009, when stocks and big banks were soaring but many on Main Street felt like they were getting left behind. The divergence underway between Main Street and Wall Street highlights the difference between the U.S. stock...
Source: The Associated Press | By: By STAN CHOE, AP Business Writer
UPDATE 2-Under fire for Syria bombings, Russia denies hitting civilians

*Kerry says Russia must change targets to adhere to peace deal. MUNICH, Feb 13- The United States and France criticised Russia on Saturday for bombing civilians in Syria, a charge Russian Prime Minister Dmitry Medvedev rejected as major powers bickered openly a day after agreeing to a pause in combat. Secretary of State John Kerry accused Russia of hitting...
Source: Reuters | By: Paul Carrel and Warren Strobel
Takata hid findings, ex-worker testifies

Takata altered its test data to hide the failures from Honda and a senior executive ordered evidence be discarded, the New York Times reports.
Source: The New York Times | By: Hiroko Tabuchi and Danielle Ivory
Things to know about Obama's summit with SE Asian leaders

But a nation not invited— neighboring power China— will be the proverbial elephant in the room as the leaders grapple with sensitive territorial disputes. U.S. officials say the two-day summit at the Sunnylands estate is not directed against China, a strategic rival of the U.S. China says it has a historical right to virtually all of the South China Sea and has...
Source: The Associated Press | By: By MATTHEW PENNINGTON, Associated Press