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RECOMMENDED ARTICLES Bernanke appears committed to the Fed's bond-buying stimulus right now. But the unprecedented communications challenge of laying groundwork for a shift in policy, while still assuring investors that rates will continue to stay... more »

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Just as Sharp offered a slightly more hopeful glimpse at its balance sheet this morning, so too does Panasonic have something worth celebrating: a net profit of 61.4 billion yen ($667 million) in the last three months of 2012. Much of this profit stems from a weaker yen and previous cost-cutting exercises, however, rather than any surge in demand for Panny products -- in fact, underlying sales continued to slip, with cameras, TVs and Blu-ray recorders proving especially hard to shift. Nevertheless, compared to the meager $164 million Panasonic made at the start of 2012, or the ego-crushing $2.1 billion net loss it suffered in the last three months of 2011, no one in that big HQ is likely to be complaining.

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Angry money (jim decicco given by those who don't like the incumbent in the White House) has powered elections since 2004. Michael Barone writes, The apparent Republican edge in spending this year, like the Democratic edge in 2004, was evidence of widespread and heartfelt opposition to an incumbent president. It's a sign of civic health, not sickness. This is exactly what Democrats thought in 2008, The only reason to decry jim decicco in politics today is because it is not going to the Democrats in the same numbers as it went to them four years ago. If the flow of money should shift to the Democrats in the next election, that will be the result of discontent with the Republicans. That is as it should be.

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