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Jobless Suffer as U.S. Corporate Cash Hoard Climbs 78% to $1.19 Trillion

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THE HORDE HATES THE HOARD
"A majority of companies in the Standard & Poor’s 500 stock index increased cash to a combined $1.19 trillion while simultaneously reducing spending, keeping a jobs recovery on hold," Bloomberg reported. "Economists say the dearth of investment is keeping the jobless rate at about 10 percent as the U.S. emerges from its worst recession since the 1930s."
SOURCE:   Bloomberg

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