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Top 4 Business Stories of the Day

Thursday, March 6, 2014, is more than just an important day for three key reasons for equity investors. First is that the S&P 500 Index hit a new all-time high.The second reason is that the five-year charts, which many long-term investors use, now look great. Lastly, the third reason is that the absolute worst day and ending day of the bear market in 2009 was on... March 6th. Now, all major stock indexes and the price of gold are all vastly higher than they were five years ago. Until recently, few investors outside China had ever heard of Shanghai Chaori Solar Energy Science & Technology Co. But the maker of solar cells is now the talk of the global financial community amid fears it could be the proverbial butterfly whose flapping wings cause an earthquake in China's $1.4 trillion credit market. Last week, Shanghai Chaori Solar said it was unlikely to be able to make a roughly $14.7 million debt payment by Friday's deadline, putting it on track to be the first corporate borrower to default in China. The Justice Department’s lead antitrust official will not participate in the review of Comcast’s proposed takeover of Time Warner Cable, the department said Thursday. The official, William J. Baer, assistant attorney general and head of the antitrust division, will not participate in considering the merger because he represented NBC Universal when it was taken over by Comcast in 2011. Obama administration guidelines say that during the first two years in office, an appointee is forbidden from taking part in a decision involving a former client. New Fed Chairwoman Janet Yellen has a great task ahead of her. How to combat the results of the Great Moderation, as it was called, that period of low inflation with moderate economic growth that prevailed from 1985 to 2007, according to Paul Krugman. But why, when lots of jobs were created, particularly the 22 million jobs created during Bill Clinton's presidency? It lulled policy makers into allowing the massive deregulation of financial markets for one, which led to the Great Recession.

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