Business

Associated Press
FILE- In this January 5, 1965, file photo, actors in a Hollywood movie dance "the twist" in Malibu, Calif.  The Federal Reserve announced Wednesday, June 20, 2012, it is extending its "Operation Twist" program, which is named after the dance craze in an a nod to economic history when the Kennedy administration cut long-term rates while leavings short-term rates alone in the early 1960s.  The program is designed to spur borrowing and spending. (AP Photo/File)

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