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EconNews Online is South-Western's service to provide summaries of the latest economics news stories. Review the brief summaries and, for stories of interest, select the full summary.
MONEY AND THE FINANCIAL SYSTEM 
Title  Brief Summary 
Prices Rise at Wholesale Level
Full Summary 
Government economists are reporting a sharp rise in prices at the producer level. The latest report suggests a broad increase in prices on everything from gasoline to cigarettes.
(Updated April, 2007)
Check Clearing For the 21st Century
Full Summary 
A new era in check clearing began in October with the Check Clearing for the 21st Century Act. Consumers, who often wrote checks before the money was in the bank because they did not expect the check to clear for a couple of days, are in for a rude awakening.
(Updated December 2004)
Making it Tough on Counterfeiters
Full Summary 
The American $20 bill is the most counterfeited bill inside the United States, and the $100 bill is the most counterfeited outside the US. It is hoped the redesigned bills will curtail counterfeiting worldwide.
(Updated June 2, 2003)
The Midas Factor
Full Summary 
Over the past 20 years, gold as an investment has performed poorly in comparison with stocks. However, whenever the economy has been beset with problems, gold prices have risen.
(Updated April 4, 2003)
Debt Has Its Virtue
Full Summary 
The U. S. government finances its debt largely by issuing bonds called Treasuries. Among other things, they provide a financial haven for investors in times of financial turmoil. If the government uses its projected budget surplus to pay off the U.S. debt, the Treasury securities market may disappear.
(Updated March 1, 2001)
Default With the Economy
Full Summary
Despite an economic expansion that has lasted longer than any other in the post World-War II era, all is not well in the business sector. Total defaulted debt in the U.S. for the first half of 2000 amounted to $15 billion. At this rate, the year 2000 could break last year's record of $23.5 billion in defaulted debt.
(Updated September 1, 2000)
Stocks and Growth
Full Summary 
According to last quarter's data, the U.S. economy is growing at 6 percent while Asian, Latin American and European economies continue to stagnate and contract. The continued strength of the U.S. economy is propping up the global economy, and the apparent conclusion is that global economic health is dependent on the continued strength of Wall Street.
(Updated April 1, 1998)
Banks Behaving Badly? 
Full Summary 
Bad loans, defaults, bank failures: the 1980s were full of headlines describing a banking crisis that ended up costing the American taxpayer billions of dollars. Could it happen again?
(Updated September 1, 1998)
Will Cash Become Scarce?  
Full Summary 
Is cash on the way out? This question has been raised many times before - with the introduction of credit cards, followed by the introduction of debit cards. But now comes the latest challenge - the electronic cash card.
(Updated January 15, 1998)
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