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The EU’s rescue plans for Greece have run into rough weather.
It is 375 feet high and weighs 1,400 tonnes. The ArcelorMittalOrbit, designed by Anish Kapoor, has been chosen as the monument to mark the 2012 London Olympics. Lakshmi Mittal will pick up most of the $30-million tab.
A few analysts are holding out that bubbles are often associated with positive economic phenomena, such as the invention of a transformative new technology, and that efforts to prevent bubbles may stifle innovation and hurt the economy.
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