The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
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U.S Economy : Report

WASHINGTON (MarketWatch) 
The U.S. economy looks to be slowing, the Conference Board said Thursday as it reported its leading economic index dropped in November
The index dropped 0.2% in November, in line with the MarketWatch-compiled economist consensus and marking the fourth fall of the year
A rise in jobless claims and a drop in stock prices and the new-orders component of a manufacturing survey led to the decline, more than offsetting gains from building permits and other financial components
In the six months through November, the index remains unchanged
“The indicators reflect an economy that remains weak in the face of strong domestic and international headwinds, as it faces a looming fiscal cliff,” said Ken Goldstein, economist at The Conference Board
“Growth will likely be slow through the early months of 2013,” he said
The leading indicator was one of several reports released Thursday
The Labor Department reported an increase in jobless claims, though the four-week average reached a two-month low
The Commerce Department revised higher its estimate for third-quarter growth, though economists don’t expect the fourth quarter to be nearly as strong
The National Association of Realtors reported a jump in sales of existing homes in November
The Philadelphia Fed reported a surprising gain in its December poll of manufacturing

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WASHINGTON (MarketWatch) -- House Republican leaders canceled a vote on a tax-cut plan linked to fiscal-cliff talks on Thursday night, saying it didn't have the votes to pass. The Republicans' "Plan B" would have extended tax cuts on incomes below $1 million. President Obama had said he would veto the bill, and House Speaker John Boehner said in a statement that it's up to Obama and Senate Democrats to avert the fiscal cliff. U.S. stock index futures moved lower after the news, with Dow Jones Industrial Average futures down 0.2%, while Japanese stocks, which were trading at the time, came off their early highs.