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  Playing politics with IRS scandal details

Don't wear socks, hot Pakistanis told amid power crisis

ISLAMABAD (Reuters) - Pakistan has told civil servants not to wear socks as the country turns off air-conditioners amid a chronic power crisis and soaring temperatures. Full story

Church must help the poorest, not dissect theology, pope says

VATICAN CITY (Reuters) - Pope Francis shared personal moments with 200,000 people on Saturday, telling them he sometimes nods off while praying at the end of a long day and that it "breaks my heart" that the death of a homeless person is not news. Full story

U.S. regulator to vote on watered-down swap rules

WASHINGTON (Reuters) - Big banks are set to gain key concessions as the top U.S. derivatives regulator meets to vote on watered-down rules for swap trading that will chip away at Wall Street's dominance of the $630 trillion market. Full story

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Articles

Fund managers fail to offload investments following crisis: data

London property being snapped up as quickly as before 2007 crisis: Hometrack

Analysis: Years of weak growth sow doubt in economic rescue plans

Is making U.S. banks foresee trouble more trouble than it's worth?

Fed's Lockhart decries "agonizingly slow" recovery from crisis

Cyprus seen raising risk to euro of new crisis flare-up

Rise in hedge fund exits show impact of Cyprus crisis

WTO cuts 2013 trade forecast, sees protectionist threat

As yields dwindle, "cash" fund investors take on more risk

Trying to fix broken economics

Video

  Have we learned anything from the 2008 financial crisis?

The Washington Post’s Neil Irwin joins The Cycle to rehash the 2008 financial crisis and what we’ve learned – or haven’t – since then.

  Market flying high, but are we in for a fall?

Former Reagan budget director and economic guru David Stockman talks to The Cycle about whether Wall Street and the Federal Reserve have combined to create new financial bubbles, and whether we’re on the cusp of watching them pop.

  To stay on top, America should start taking its own advice

Dean of NYU’s Stern School of Business Peter Henry Blair explains why America should start looking to developing countries – like China, India, and Brazil – that adopted U.S. policies and saw impressive economic turnaround.

  How the economic crisis in Cyprus impacts Wall Street

Wall Street has been keeping its eye on Cyprus where banks reopened for the first time in nearly two weeks amid the island-nation’s financial crisis. CNBC’s Michelle Caruso Cabrera discusses.

  Taming the GOP’s talk of a debt ‘dragon’

Jared Bernstein of the Center on Budget and Policy Priorities and Bloomberg View columnist Josh Barro examine the debt “dragon” at the center of a new children’s allegory on the national debt – and use that as a jumping off point to examine the Republicans fanning the flame of a debt “crisis.”

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Couple clinks glasses as they pose for a photograph with the temple of the Partenon in the background at the Athens Acropolis Museum
Couple clinks glasses as they pose for a photograph with the temple of the Partenon in the background at the Athens Acropolis Museum

A couple clinks glasses as they pose for a photograph with the temple of the Partenon in the background at the Athens Acropolis Museum May 24, 2013. Record numbers of tourists are expected this year, following stagnation brought on by the economic crisis. REUTERS/John Kolesidis (GREECE - Tags: BUSI

Lawmakers raise their arms to vote against a controversial bill to tax deposits in Nicosia
Lawmakers raise their arms to vote against a controversial bill to tax deposits in Nicosia

Lawmakers raise their arms to vote against a controversial bill to tax deposits in Nicosia March 19, 2013. Cyprus's parliament overwhelmingly rejected a proposed levy on bank deposits as a condition for a European bailout on Tuesday, throwing euro zone efforts to rescue the latest casualty of the cu

To match Reuters Life! HUNGARY-POKER/
To match Reuters Life! HUNGARY-POKER/

A dealer shuffles a deck of cards during a poker game at a casino in Budapest September 15, 2009. In Hungary, ravaged by the recent economic crisis, poker has become something of a national pastime, and for some people, a source of income. REUTERS/Katoly Arvai