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'Sheriff' Biden's '09 recession battle echoes in pandemic recovery

The two recessions have different causes and need different stimulus responses. But. ....

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Australia Stocks advance on Rio Tinto production results

The Australian share market finished session higher on Tuesday, 19 January 2021, as investors risk sentiments bolstered on the back of better-than-expected gross domestic product (GDP) data of the world s second-largest economy China. Meanwhile, pleasing production results from mining giant Rio Tinto also underpinned sentiments. However, market gains capped as investors awaited comments from Treasury Secretary nominee Janet Yellen on stimulus later today and monetary policy decisions from the Bank of Japan and the European Central Bank on Thursday.
At closing bell, the benchmark S&P/ASX200 added 79.58 points, or 1.19%, to 6,742.62. The broader All Ordinaries climbed up 79.63 points, or 1.15%, to 7,014.99.
China s gross domestic product climbed 6.5% on year in the fourth quarter of 2020, the National Bureau of Statistics said on Monday, up from 4.9% in the three months prior. ....

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Biden's aid plan could revamp economy, prompt GOP resistance

BALTIMORE (AP) The $1.9 trillion rescue plan unveiled by President-elect Joe Biden. ....

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