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Updated: 45 min 44 sec ago

Chinese Firm Plans $1.3 Billion Purchase Of Texas Oil Lands

Sun, 10/25/2015 - 11:12am

The Shanghai-listed investment firm Yantai Xinchao Industry Co., said in a securities filing over the weekend, it was a purchasing oil lands in the Texas counties of Howard and Borden.

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Why You Shouldn't Stare Up At The Debt Ceiling And Yawn

Sat, 10/24/2015 - 10:52am

Congress always finds a way to swerve away from the brink just as the country nears default on its bonds. But this time, political turmoil may be increasing the danger that Congress won't act in time.

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A Light Bulb Moment: How The Dimmer Switch Set Lusts Ablaze

Sat, 10/24/2015 - 5:31am

From a dining room to a den of romance: That's the transformation the dimming switch first promised. Since 1959, Joel Spira's invention has promised heightened passion — if only you dial it down.

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As RushCard Problems Linger, Federal Consumer Protection Group Steps In

Fri, 10/23/2015 - 4:41pm

After hundreds of thousands of RushCard customers were unable to access their money, the Consumer Financial Protection Bureau said Friday that it's taking "direct action" to "make consumers whole."

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'Consumer Reports' Pulls Tesla Model S Recommendation

Fri, 10/23/2015 - 3:30pm

Tesla — the electric car company beloved by environmentalists and the auto press — has hit a rough patch. A rave review from Consumer Reports has been reversed, and now Tesla's Model S is no longer recommended by the magazine. A self-driving feature introduced recently has also led to some hair raising moments behind the wheel documented online.

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It's Not Just VW: A Robust Market For Reprogramming Vehicles

Fri, 10/23/2015 - 3:30pm

An entire marketplace exists on the Internet for tuners, devices that help drivers crank up the power on vehicles and then hide the evidence. We visit a local diesel shop to see how it works.

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How Do You Make $3 Trillion Disappear? The Fed Will Soon Find Out

Fri, 10/23/2015 - 3:30pm

The Planet Money team explains how to make $3 trillion disappear, which is what the Federal Reserve will be trying to do. It created the money after the financial crisis to try to help the economy and lower interest rates. But now that the economy is improving the money could eventually create inflation or cause bubbles.

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New Orleans Urges Sales Tax Hike Support To Fund French Quarter Police

Fri, 10/23/2015 - 3:30pm

New Orleans has had its fair share of high-profile crime problems. Now residents are set to vote on a sales tax hike to fund more state police officers in the French Quarter.

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