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Wednesday, December 19, 2012

Monetary

News                                                                                                                             
CNN Money | What a new inflation measure would mean for your wallet
President Obama put a new offer on the table in the fiscal cliff negotiations, and it includes a wonky change that may raise your taxes and reduce your Social Security benefits ... a little.
Market Watch | UBS settles interest-rate-rigging charges
UBS AG became the second bank to settle accusations that it tried to rig benchmark interest rates, agreeing to pay roughly $1.5 billion in a deal with authorities in multiple countries that points to a broader manipulation scandal than previously known.

Econ Comments & Analysis                                                                                            
Washington Times | Millennials should support return to the gold standard
My generation, the so-called “millennials” between the ages of 18 and 29, is looking toward the future, and we don’t like what we see. Washington is bursting with chatter about debt and deficit, and Capitol Hill is overrun by progressive politicians ready to pillage the wallets of young people to atone for government’s shortcomings in payments to our parents and grandparents.