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Command Center Reports Second Quarter Results

Wall Street Journal (08/09/13)

Staffing firm Command Center Inc. reported revenue of $23.3 million for the second quarter, down 4% from $24.3 million in the year-ago period. The company’s net income was $473,000, down 43.89% from net income of $843,000 in the second quarter of 2012.

Economists See Just Enough Growth for Fed to Pull Back

Wall Street Journal (08/11/13) Phil Izzo

Although economists think the U.S. gross domestic product will not top 3% until next year, more than half of those surveyed by the Wall Street Journal think economic growth is steady enough for the U.S. Federal Reserve to pull back on its bond purchases in September. They believe the central bank will go from buying $85 billion in bonds per month to $65 billion.

Ben Bernanke, Fed chairman, has said that the Fed will not end its bond purchases until the unemployment rate slips to around 7%. Economists believe that level will be reached in June 2014, when most expect the bond purchases to grind to a halt.

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