Fed marks 100 years shaping global economy and policy
The Federal Reserve, created by Congress in 1913 and signed into law by Woodrow Wilson, has grown into a global economic force. Experts call it a fourth branch of government, influencing loan rates, job growth, trade, stocks, and retirement savings.
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Washington, D.C
Woodrow Wilson
Congress
Federal Reserve
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White House
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Sung Won Sohn
California State University
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Target Data Breach Probe Expands With DOJ Involvement
New York Target Corp says the Justice Department is probing the credit and debit card security breach affecting about 40 million cards between November 27 and December 15. Target cooperates with the DOJ and Secret Service while facing class action suits accusing negligence.
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Target Corp
Department of Justice
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Holiday sales drop for third straight week in US stores
New York shoppers pulled back again as holiday sales fell 3.1 percent to 42.7 billion dollars for the week ended Sunday. ShopperTrak reports declines of 2.9 percent and 0.8 percent in the prior two weeks, reflecting cooler consumer spending during the peak season.
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New York
U.S
ShopperTrak
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