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Cake: The new favorite mode for American political debate?

An Oregon bakery was fined $135,000 for refusing to bake a cake for a lesbian couple's wedding. A Louisiana man posted a video to the Internet lambasting a local Wal-Mart for not making a cake with a Confederate flag on it. "Cake has had symbolic meaning in this country," even aside from politics, said Stephen Schmidt, food historian and writer for the Manuscripts...
Source: The Associated Press | By: By DEEPTI HAJELA, Associated Press
Day of losses seen ahead for reopened Greek stock market

ATHENS, Aug 2- Greek traders said on Sunday they expected a torrid day of losses when the Athens stock market opens after being shuttered for five weeks as part of attempts to stop Greece's financial collapse. A combination of pent-up trading, worries about the future and Greece's worsening economy could knock 20 percent or more off the Athens General Index on...
Source: Reuters | By: Lefteris Papadimas
GLOBAL ECONOMY WEEKAHEAD-U.S. job market set for more than just "some" attention

LONDON, Aug 2- Now that U.S. The challenge is that the U.S. economy is generating very little inflation- not to mention disinflation coming from China and nearly no inflation in Europe- leaving many questioning whether the Fed even should be considering a rate rise. "The pace for growth remains extremely weak by past recovery standards, but with potential growth...
Source: Reuters | By: Ross Finley
Former teenage soldier hatches millions from Chinese egg futures

SHANGHAI, Aug 2- A decade ago Zhang Xiongjie was a teenage infantryman patrolling China's bleak border with North Korea. Now he stays in swanky hotels and drives a Mercedes Benz CLS- a remarkable rags-to-riches journey achieved in part by dominating one of the most obscure corners of China's unruly financial markets: egg futures. The story of how he earned so much...
Source: Reuters | By: Engen Tham
Puerto Rico's broke, but tourism stays flush

Puerto Rico's tourism industry is chugging along briskly, with officials saying the fallout from the island's debt struggles is contained for now.
Source: CNBC.com | By: Harriet Baskas, Special to CNBC
The 'Calamitous Club' has a new member: Brazil

According to research from Deutsche Bank, surging inflation puts Brazil squarely in the company of the Calamitous Club.
Source: CNBC.com | By: Eric Chemi
Florida power company gave $1 million to pro-Bush super PAC

FP&L is the state's largest electric utility, and NextEra operates in 26 other states and Canada. Now, NextEra is opening its own coffers to support Right to Rise, the super PAC formed to help Bush's bid for the presidency. Kristy Campbell, a Bush campaign spokeswoman, denied any conflict of interest in Bush's relationship with NextEra.
Source: The Associated Press | By: By JACK GILLUM and RONNIE GREENE, Associated Press
UPDATE 9-Pacific Rim free trade talks fall short of deal

LAHAINA, Hawaii, July 31- Pacific Rim trade ministers failed to clinch a deal on Friday to free up trade between a dozen nations after a dispute flared up over auto trade between Japan and North America, New Zealand dug in over dairy trade and no agreement was reached on monopoly periods for next-generation drugs. Trade ministers from the 12 nations negotiating...
Source: Reuters | By: Ami Miyazaki and Krista Hughes
UPDATE 7-Pacific Rim free trade talks fail to end in deal

LAHAINA, Hawaii, July 31- Pacific Rim trade ministers failed to clinch a deal on Friday to free up trade between a dozen nations after a dispute flared between Japan and North America over autos, New Zealand dug in over dairy trade and no agreement was reached on monopoly periods for next-generation drugs. Trade ministers from the 12 nations negotiating the...
Source: Reuters | By: Ami Miyazaki and Krista Hughes
UPDATE 3-Pacific Rim free trade talks unlikely to end in deal -sources

LAHAINA, Hawaii, July 31- Talks on a Pacific Rim free-trade pact are unlikely to end in a final deal, sources involved in the talks said on Friday, with a dispute between Japan and the United States over autos, New Zealand digging in over trade in dairy products and no agreement on monopoly periods for next-generation drugs. Trade ministers from the 12 nations...
Source: Reuters | By: Ami Miyazaki and Krista Hughes