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Best of the Blogs: Verizon Amps Up FiOS With a Super Speedy New Service

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Minyanville's daily roundup of some of the best financial commentary from around the Web.

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This column highlights the most interesting and useful business and financial commentary from around the Web each day. Use our comments section to post your own suggestions for blog content that you've read or written.

Venture Beat
Link: Verizon FiOS Doubles Down on Speed With New 300 Mbps Broadband Service
"Verizon (VZ) is adding a major new option for its high-speed FiOS fiber customers: a 300 megabits-per-second data service for households with heavy Internet habits. Using the new level, customers can download a 1.5-gigabyte file in less than thirty seconds." (Also read Verizon Just Made Things Worse.)

New York Times: Dealbook
Link: Weakness in Facebook Stock Adds to Pause in IPO's
"In the days since the highly anticipated opening of Facebook (FB) turned into a flop last week, the impact has become worse as would-be issuers have taken a second look at what they're getting into. In one of the latest setbacks, Kayak, a discount travel Web site, didn't like what it saw and postponed its initial public offering on Wednesday, a person briefed on the matter said. The company's roadshow for investors, which was expected to begin soon, has been delayed for the time being, this person said." (Also read The Facebook Phone.)

The FCPA Blog
Link: Wal-Mart's Simple Lesson: Learn to Live With the FCPA
"The allegations about Wal-Mart's (WMT) massive bribery scandal in Mexico were shocking, not because of the bribery itself, but because of the reported cover-up, which was cartoonish and doomed to fail, and the company's embarrassingly weak compliance program. What then is the real lesson of the Wal-Mart saga? That anti-bribery compliance is the way of the future and no amount of screaming by business groups is going to change that."

FT Alphaville
Link: China Is Facing "The Strongest Outflow Pressures for Some Time"
"All that gradual exchange flexibility, and yet the renminbi is only weakening. Those charts are from HSBC's (HBC) currency team who observe that since the start of May the CNY has weakened by over 1 per cent versus the dollar - the equivalent of the largest fall over a 20-day period since the USD-CNY exchange rate was liberalised in June 2010. Conclusion? The CNY may not be as immune to external developments as it was through 2011." (For related content, see Chinese Banks' Stealth US Growth Plans Get Fed Backing.)

Business Insider: Money Game
Link: SocGen: These 5 Things Will Drive the Global Economy in 2012 and 2013
"The European debt crisis, the looming US fiscal cliff and geopolitics continue to be a risk to the global economy. Societe Generale has updated its global economic outlook and expects the euro area to contract 0.4 percent in 2012 and stay flat in 2013. The US is expected to grow 2.0 percent in 2012, and 1.8 percent in 2013, meanwhile, China is expected to grow 7.9 percent in 2012 and 7.7 percent the following year."

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