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BernankeFed Chairman Ben Bernanke is growing impatient. With the financial crisis continuing to drag on, Bernanke appeared again before Congress yesterday to urge lawmakers to pass legislation aimed at preventing future economic crises of the severity of the ongoing Great Recessioan.

Kenneth FeinbergKenneth Feinberg, the Obama administration’s “pay czar,” is expected to announce a plan next week that will slash the annual salaries of top executives at the seven largest companies that received federal bailouts.

The government has announced that Social Security recipients will not receive a cost-of-living adjustment, or COLA, in 2010. This is because the COLA is tied to price inflation, which according to the government has been negative so far in 2009.

Over 80 percent of the economists surveyed by the National Association for Business Economics believe that America’s worst recession since the Great Depression has come to an end and a slow recovery has begun.

goldEarly on October 8, BBC News reported that gold had hit $1,058 per ounce, marking the third consecutive day of all-time-high prices.

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