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Stimulus

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Jacob Frenkel said the stimulus will allow European economies to be more flexible which would increase competitiveness.

Jacob Frenkel, chairman of JPMorgan Chase International and the former governor of the Bank of Israel, lauded the European Central Bank's new stimulus program. Frenkel, speaking at the World Economic Forum in Davos, Switzerland, said the stimulus will allow European economies to be more flexible which would increase competitiveness. Senior Producer: Lulu Chiang; Digital Journalist: Gilad Thaler

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The full episode of the CBS Evening News from December 18, 2013

In his last press conference as Federal Reserve chairman, Ben Bernanke said the Fed will continue to stimulate the economy, but will cut bond purchases by $10 billion in January; and, Snowball Express, named for an old Disney movie, brings a weekend of fun to kids who have lost a parent to war. The non-profit organization gives children -- and parents -- an opportunity to spend time with people who understand what they've gone through.

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