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Intel and the Federal Trade Commission plan to settle an anti-trust case. This will require Intel to change monopolistic practices in the microprocessor market. One of the ways Intel has tried to fend off competitors like AMD is by offering rebates to HP, Dell, and Acer. In a private settlement Intel paid $1.25 billion to AMD in November 2009. It paid a $1.45 billion fine to the EU after a ruling against Intel for such practices.

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One US military official says that there is very little respect and regard for each other between General McChrystal and Vice President Biden, going so far as to say that both men hate each other's guts. Personal strains, and the difficulties in Afghanistan compound the differences.

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China announced that it would make its exchange rate flexible, but also emphasized that it would do so gradually. What this means is that China will have a managed floating exchange rate. China followed a managed floating policy between mid 2005 and mid 2008, with a 21% upward valuation during that period for the yuan. During the 2008 crisis upto now the rate was pegged. The yuan was pegged at 6.83 yuan to the dollar. China is now rebalancing its economy so that it is not overly dependent on exports. The idea is to let domestic wages and domestic consumption pick up the slack in the markets of Europe and the USA. Europe is taking up austerity measures, and the mood in the US is shifting towards concern about growing budget and trade deficits. See the groups for "China wages" and "China workers."

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The government's rescue of Fannie Mae and Freddie Mac has so far cost $145.9 billon. According to the Congressional Budget Office its eventual cost could reach $389 billion. The federal government has put the companies on conservatorship and has a 79.9% stake in the companies. The federal governmet also provides a guarantee that investors will be repaid. By buying loans from banks and other companies that originate loans, Fannie and Freddie were ostensibly in the business of promoting home ownership. The implicit governmet guarantee of Fannie and Freddie's activities in the housing market had the potential to create a huge government liability if the activities are not run well, and this is exactly what happened. By pushing hard for increasing home ownership to unsustainable levels - setting a target in 2001 of creating six million homeowners by 2014 for instance way beyond what was sustainable for the finances of prospective homeowners- it only fueled speculation, easy money and a bubble in housing in the U.S. As investors get paid with the government guarantee, it is Fannie and Freddie that is ending up with ownership of foreclosed homes- one every 90 seconds in the the first quarter of 2010, according to an estimate. The two companies owned 168,000 homes in March 2010....

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Mark Reuss is chosen by CEO Whitacre to run the North American division. Reuss and Whitacre share an informal style and respect middle managers to take on more responsibility. Whitacre made the decision after talking to many people in the company. Reuss headed GM's Holden subsidiary in Australia.

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Motorola is planning to devote a large portion of its cash- $3-4 billon to its mobile phone business. The mobile business wil be split off into a new commpany in 2011.

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White, Thomson and Blumenstein interview Russian President Medvedev. Medvedev says he is very conscious of what is happening to the EU and its fiscal affairs, and to the euro, in this intervew. He sees Russia's future as a European country closely related to the future of the EU and its member countries, especially how the EU countries do as they adopt austerity measures and cut spending.