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February 13, 2014For more, visit
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CENTRAL BANKERS: "This week, the U.S. Federal Reserve and the Bank of England both made welcome moves toward more simplicity," the Editors write. "Specifically, they recast the 'forward guidance' they'd previously given investors about their intentions. ... It was a mistake all along to make specific rates of unemployment 'thresholds' for adjusting monetary policy."
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OBAMACARE: "Obamacare supporters have long argued that the law will not have a negative impact on jobs," Lanhee Chen writes. "President Barack Obama's latest delay of the employer mandate contains a clear admission that it will."
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JANET YELLEN: \u200f@paulaEdwyer (Paula Dwyer): So far, Yellen doesn't seem like a tougher bank overseer than Summers would have been.
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BREAST CANCER: "A 25-year study of 90,000 women has found that mammograms do nothing to lower the death rate from breast cancer," the Editors write. "Yet women -- and, even more crucially, their doctors -- remain unwilling to give up annual mammograms."
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MARKET: \u200f@davidjshipley (David Shipley): Are we headed for a 1929-style market crash? @matt_levine reads between the lines.
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PILOTS: "There aren't enough pilots and co-pilots willing to work for the low pay offered by regional carriers," Matthew C. Klein writes. "If airlines want to replace their aging corps of experienced pilots and continue serving second- and third-tier cities, they are going to need to boost pay and raise ticket prices."
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CALIFORNIA: "The drought in California is one of the state's worst weather-related disasters in decades," Steven Greenhut writes. "With no way forward, the state's water wars have reignited, as the usual suspects -- farmers, cities, environmentalists -- battle over 'their' fair share."
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MEDIA: Charles Munger is the chairman of Daily Journal Corp., Warren Buffett's longtime business partner and Berkshire Hathaway Inc.'s vice chairman. Jonathan Weil: "Daily Journal's financial reporting is a mess."
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AOL: "Could Chief Executive Officer Tim Armstrong have paid for AOL Inc.'s excess health expenses by taking a salary cut instead of trimming the company's 401(k) match?" Megan McArdle: "Not unless the insurers who administer the program would be willing to take payment in AOL stock and options."
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YANKEES: "Derek Jeter announced today that the 2014 season will be his last." Kavitha A. Davidson: His retirement "provides an opportunity for a team that has let its infield defense slide over the past decade to unshackle itself from the limited range of its legendary shortstop."
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