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People familiar with the situation said Obama had largelywhittled down his decision to two candidates, Summers andYellen. With Summers out of the picture, Yellen moved to the topof the list. The president had mentioned former Vice ChairmanDonald Kohn previously as also being under consideration. Addingfurther candidates to the list now was seen as unlikely.
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Even if the cycling occupant of the JF-Kit only generates enough power to knock a few quid off his electricity bill, he is already doing his bit for sustainable housing – recycling his own physical energy in a way he would never be able to if he was just working out at his local gym, admiring himself in the mirror.
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"But what you are saying is true of pretty much any organized religion. The excesses of Christianity are also well-documented and aren't much different from those of Islam. And looking at the history of the Indian sub-continent, Hinduism hasn't been much better.
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"People are clearly surprised and the thinking now is the Fed is going to make sure the economy is on even sounder footing before they start backing off on these purchases," said Doug Foreman, co-chief investment officer at Kayne Anderson Rudnick Investment Management in Los Angeles.
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"The market is getting nervous about tapering. I expect thatto happen in September and the dollar to start rising then. Butit is likely to go through some adjustment before that asthere's concerns that tapering could spark risk-off trading asit did in May-June," said Hideki Amikura, forex manager atNomura Trust and Banking.
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