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OPEC’s unity tested as oil ministers debate output cut

VIENNA, Austria — OPEC oil ministers meeting in Vienna on Thursday are in a bind. Prices are plunging — and in the short term, the cartel may not be able to do much about it.

As OPEC Members Meet, Outcome Remains Unclear  Wall Street Journal
Oil tumbles as Opec output cut seen less likely  Financial Times
ABC News   Related articles »

Canada’s oil boom driving up the price of beef

The oil boom going on in Canada’s prairie provinces has caught everyone’s attention of late, particularly at the gas pump.

XL Foods Class-Action Lawsuit Strikes Tentative Deal  Huffington Post Canada
Oil industry may threaten Canadian cowboy culture, but it’s not down-and …  Yahoo News Canada (blog)
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Unemployment in Germany, Europe’s largest economy, remains at steady 6.3 …

BERLIN – Germany’s unemployment rate was steady at 6.3 percent in November as the labor market in Europe’s largest economy remained strong.
German unemployment at lowest level since unification  
German Jobless Rate at Record Low as Confidence Improves  
Economy grows more than expected in 3rd quarter

The nation’s economic output grew at an even faster rate during July, August and September than the government initially estimated, giving the economy its strongest six-month performance in more than a decade.

Lackluster consumer income and spending point to a slowing economy  Los Angeles Times
Weak consumer, business demand may slow US growth  Charlotte Observer
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SHANGHAI (Reuters) – China hopes that last week’s interest rate cut will increase lending into the economy to shore up flagging growth, but measuring any rise will be impeded by a number of tricks the country’s bankers use to manipulate the figures.