Monetary policy works when rates near zero: Bullard (Reuters)
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Reuters - Central bank actions work better than tax and spending measures to protect an economy from shocks, even when interest rates are at rock bottom levels, St. Louis Federal Reserve President James Bullard said on Saturday.
ECB policymaker wants banks off Greece bailout hook (Reuters)
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Reuters - European Central Bank policymaker Athanasios Orphanides called for euro zone leaders to abandon plans to make private sector investors help reduce Greece's debts, but his push showed no sign of gaining any traction in Europe's capitals on Friday.
End of decades of Nigeria cheap gas fuels unrest (AP)
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AP - For decades, Nigerians have expected low gasoline prices, one of the few perks seen by residents of an oil-rich nation where corruption siphons billions. Now, that long-cherished benefit has ended, more than doubling prices and fueling a planned nationwide strike by angry labor unions.
Taxpayers owe $385 billion in 2006 taxes: IRS (Reuters)
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Reuters - U.S. taxpayers owe an estimated $385 billion in unpaid taxes for 2006, up about a third from the "tax gap" five years before, the Internal Revenue Service (IRS) said.

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January 7th, 2012