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TheStreet) -- Eurozone leaders preparing for a
critical European Union summit leads your quick fix of company, market, economic and investing news for Monday, Dec. 5.
Monday's 5 Biggest Stories
Mark your calendars. The
European Union summit on Dec. 9 is a big deal.
Hey, Americans, you think the debt problems are bad here in the U.S.?
Italy's welfare minister broke down in tears as she outlined the country's austerity measures.
Despite the tears, the
market likes Italy's austerity plan. Even Italian bonds, which flirted with the dangerous 7% yield level, are stabilizing.
Here's a rundown of how
crazy this week will be for European -- and global -- markets as eurozone leaders gear up for their summit.
Your comprehensive look at the
economic release schedule for the week, including today's ISM services index.
Quote of the Day
"This man represents the Treasury Department. He's brought hundreds of millions of dollars,"
Vice President Joe Biden joked as he introduced T.H. Christopher Smart, a deputy assistant secretary at the Treasury Department, to Greek President Karolos Papoulias.
India sees its
slowest economic expansion since 2009 due to inflation.
Federal Reserve is working on a
new communications strategy to be more articulate about its goals. Apparently being clear and concise is a challenge for central banks.
Banks are seeing
huge increases in deposits year-over-year, but the problem is that money is pouring into non-interest-bearing accounts.
The N.Y. Fed now blames the
financial crisis on people from
Flip This House.
The decline of
"safe" assets in the market.
A wish list to make
mutual fund investing better and easier.
Insider buying is very high in seven stocks, like
Kronos Worldwide(KRO - Get Report) and
Boston Scientific(BSX - Get Report).
Odds and Ends
14-car pile-up in Japan wrecks more than $1 million in automobiles, including eight Ferraris and a Lamborghini.
I'm really sad that the story about
Metallica as currency traders didn't come with the headline "Master of Euros" or something like that.
I'm excited to see
The Girl With the Dragon Tattoo. This Led Zeppelin cover from
Nine Inch Nails' Trent Reznor and the
Yeah Yeah Yeahs' Karen O. only makes that excitement greater.
YouTube-- Written by Robert Holmes in Boston.