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Are You Still Wasting Money On _?_?”: The new online financial intelligence platform has raised more than $52 million, raising new funds to enable the business to grow. It is not yet paid for, but it expected to open in early 2017. The firm received $50,000 from a group of lenders that will have to submit quarterly reports measuring their financial performance. Bloomberg News reports that the firm will also examine those reports to determine its “qualified returns.” A company that has released a business plan on its fundraising page said it will announce an IPO this year, and the company plans to open a pilot project later this year next year.

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___ 10:30 a.m. Billionaire investor Warren Buffett has said that he would pay an investor of a 50 percent stake a certain amount last year, instead of a percentage, for building the World Trade Center, the massive new highway to the city of New York. Buffett used his visit to Washington to outline several ideas as a way to encourage investors to do more. The new online financial intelligence platform is widely believed to be the most significant of a series of digital initiatives yet launched for the investment bank, run by him and his wife, Diane.

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Several members of Congress have questioned and criticized his decision and are considering proposals. The Wall Street Journal reports that Federal Reserve President Ben Bernanke also said he supported investing in new infrastructure projects through the new asset class. That will be part of an effort at the Federal Reserve to raise $4.2 billion this year, which will be then traded offshore. The 951-million-dollar project will operate on private and leveraged loans.

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Reuters, citing a source familiar with Buffett’s plan, reports that Berkshire Hathaway, the family’s largest shareholder, is contemplating a major investment in a 12,000-bed luxury hospital plan in Miami. The bank will buy that hotel in early 2017, Buffett said. __ 1:00 p.m. Bank of England governor Mark Carney is giving an overhauling of capital markets strategy for overseas markets, including how to better monitor interest rates.

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Governor Carney said Wednesday that it’s time that policymakers “start looking at how policymakers forecast and adjust the system.” That move addresses what many think are limits on how to measure risk. Speaking at an event in Israel, Carney said that this year’s massive new investment bank was a place in the political process where he “convinced [governor] David Blunt that the world needed a currency and a currency system that would make a world more democratic.” Why is that important? A key reason is it’s the same as the way you sort economies, says Carney, an economist at the Bank of Japan. A report earlier this month by Reuters reported that the Bank of England is tightening its gauge look at this now the value of the pound to a low 52 cents on the London Stock Exchange — its worst two-day performance since January of 2013 before it started easing its stance.

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