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NEW YORK/BUENOS AIRES (Reuters) - Argentina cannot turn its back on negotiations with holdout creditors after defaulting on its sovereign debt, a U.S. judge instructed on Friday, just as the country's failure to service a June interest payment was declared a "credit event."

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GAZA/JERUSALEM (Reuters) - Israel declared a Gaza ceasefire over on Friday, saying Hamas militants breached the truce soon after it took effect and apparently captured an Israeli officer while killing two other soldiers.

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WASHINGTON (Reuters) - President Barack Obama said on Friday immigration legislation on track to pass that House of Representatives is unworkable and makes it more likely he will act on his own to address pressures from a surge of illegal immigrants on the southwestern border.

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WASHINGTON (Reuters) - President Barack Obama said on Friday the CIA "tortured some folks" after the Sept. 11, 2001, attacks, and that the White House had handed over to Congress a report about an investigation into "enhanced interrogation techniques."

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CONAKRY (Reuters) - West African leaders agreed on Friday to take stronger measures to try to bring the worst outbreak of Ebola under control and prevent it spreading outside the region, including steps to isolate rural communities ravaged by the disease.

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Today the man the Fed called on to execute QE1 and who also set up the Fed’s massive trading room, former Fed member and former Managing Director at Morgan Stanley, Andrew Huszar, for the first time exposed the true horror and magnitude of the 2008/2009 collapse. What he had to say will shock KWN readers around the world. Below is what Huszard had to say in this remarkable interview.

Read more: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/8/1_Man_Who_Executed_QE1_Exposes_True_Horror_Of_2008_Collapse.html

First up, more on the jobs report for the month of July. Plus, it used to be that business travelers would hop into a taxi and stay at a hotel. Now they're using Uber to hire drivers and staying in stranger's apartments through Airbnb. But these companies don't have the same taxes and regulations as their traditional competitors. And we’ve talked a lot about Generation X and Generation Y. But, what about Generation Z? What are the spending habits of this new generation and what can companies do to appeal to them?

Read more: Latest Stories on Marketplace.org

Here's a series of charts from reader Tim Wallace on various aspects of employment, labor force, and population. The charts use seasonally unadjusted data, July of 2014 compared to July in prior years.click on any chart for sharper image Age 16 and Over Age 16 and Over Full-Time Employment PercentageAge 25-54Age 25-54 Full-Time Employment PercentageAge 55 and Over Age 55 and Over Full-Time Employment PercentageMish NotesBecause of the aging workforce, the first chart in each series has a slight

Read more: Mish's Global Economic Trend Analysis

NEW YORK/BUENOS AIRES (Reuters) - Argentina's default this week did not "extinguish or reduce" the South American country's debt obligations, a U.S. judge said on Friday, and he ordered negotiations between the country and holdout investors to continue.

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Source: The Reformed Broker

Read more: The Big Picture

Source: World Economic Forum

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WASHINGTON (Reuters) - The U.S. House of Representatives planned to vote on Friday on revised border security legislation that would make it easier to deport Central American child migrants from the southwestern border, satisfying a key demand from conservative Republicans.

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KIEV (Reuters) - International experts found the remains of more victims of the downed Malaysian airliner in east Ukraine on Friday but fighting nearby between government forces and pro-Russian rebels renewed security concerns around the wreckage.

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(Reuters) - U.S. Slot machine maker Scientific Games Corp will buy larger rival Bally Technologies Inc in a $3.27 billion deal, the latest in a consolidating U.S. gaming industry.

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NEW YORK/BUENOS AIRES (Reuters) - Argentina's default this week did not "extinguish or reduce" the South American country's debt obligations, a U.S. judge said on Friday, and he ordered negotiations between the country and holdout investors to continue.

Read more: Reuters: Top News

LONDON/ANKARA (Reuters) - It should have been a routine delivery of vegetable oil to Iran for making margarine; instead the tanker spent months in the Gulf as banks held up payment for the cargo, fearing they would run foul of international sanctions.

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“By setting oneself totally free of constraints, free of thoughts, free of this debilitating activity called work, free of efforts, elements hidden in the texture of reality start staring at you; then mysteries that you never thought existed emerge in front of your eyes.” ~ Nassim Nicholas Taleb Readers of this blog are likely aware...Read More

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NEW YORK (Reuters) - Former President Bill Clinton said he "could have killed" Osama bin Laden in remarks to an audience in Australia the day before al Qaeda's 2001 attacks on the United States, according to an audio tape that emerged this week.

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WASHINGTON (Reuters) - The House of Representatives planned to vote on Friday on revised border security legislation that would makes it easier to deport Central American child migrants from the southwestern border, satisfying a key demand from conservative Republicans.

Read more: Reuters: Top News

WASHINGTON (Reuters) - U.S. job growth slowed in July and the unemployment rate unexpectedly rose, pointing to slack in the labor market that could give the Federal Reserve room to keep interest rates low for a while.

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BUENOS AIRES (Reuters) - Argentina's government said on Friday it expected nothing favourable to come out of a court hearing in New York later in the day in its debt default case, as the country's domestic markets looked to optimism for an eventual deal.

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