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Published 6:42 PM ET Tue, 3 April 2012 Updated 6:47 PM ET Tue, 3 April 2012 CNBC.com There’s a tremendously important debate being waged across a bunch of different websites, including Paul Krugman’s at The New York Times, about how banking really works. Unfortunately, it’s probably a bit tough to wade into the debate at this point. So I’ll do my best to summarize what’s going on. ACT I: Krugman A
Pope Francis called for renewal of the Roman Catholic Church and attacked unfettered capitalism as "a new tyranny," urging global leaders to fight poverty and growing inequality in the first major work he has authored alone as pontiff. The 84-page document, known as an apostolic exhortation, amounted to an official platform for his papacy, building on views he has aired in sermons and remarks sinc
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