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Last month, the biggest private university in Cyprus said it would accept bitcoins for tuition. But other governments are wary of the cybercurrency. In July, Thailand's central bank banned trading and use of bitcoins.In October, industrial output had slipped 1.6 per cent. Industrial output was hurt by a fall in export demand besides weak domestic consumption. Input constraints also hurt industrial output.However, no such limit was placed on fees charged before an account was activated. Now, this rule has absolutely no effect on regular credit cards, which typically charge no application or other upfront fees and, in any case, their credit lines are high enough to ensure compliance with this requirement, even if such fees were charged.These are key elements that drive consumer choices today and will continue to drive consumer choices in the future.~Ken Cohen writing on the Exxon Mobil blog on Dec. 14, 2011MP: Despite Obamas dismissal of oil as the fuel of the past, the scientific and economic realities are that fossil fuels will play an important role in our energy future and will be the fuels of the future for many generations to come.

Pimco's Bill Gross, who coined the term "New Normal", and Charles Schwab Corp.'s Liz Ann Sonders, addressed the outlook for the U.S. and global economies in a detailed keynote session here at Schwab's 2011 Impact conference in San Francisco.

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