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Hopes for further accommodative monetary policy from the Federal Open Market Committee abated earlier this year after non-farm payrolls grew for three straight months by more than 200, 000 jobs.
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There was no good reason that open market purchases should be considered routine and non-threatening if the target Fed-funds rate is above a certain level and the end of the world below that level.
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The dividends on both new kinds of shares would be paid in perpetuity, and the securities would be non-callable (although the government could, of course, always go into the open market and buy them back).
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He credited non-proprietary architecture, with its high rate of innovation and low cost, with helping break open the server market, once dominated by proprietary vendors such as Sun Microsystems Inc.
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