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Morning six-pack: What we're reading Wednesday

Adam Jeffery | CNBC

Happy Wednesday. What would you do with $13 billion?

Folks in Detroit and elsewhere in Michigan are already rubbing their hands in anticipation of what their share will be of the JPMorgan Chase settlement. (Detroit Free Press)

They'll have to stand in line, though, with Sacramento and a whole bunch of others looking to get their hands on the loot. (The Guardian)

Predatory lending? Maybe the U.S. needs to look in the mirror. (Edward Pinto/RealClearMarkets)

Someone found 24 gold bars in the bathroom of a plane flying over India. Why doesn't this stuff ever happen to us? (The Globe and Mail)

The kerfuffle over possible fake jobs numbers continues (New York Post), though there's some doubt cast on the story. (Washington Post)

And, finally ... Short-focused hedge funds have gotten clobbered during the market rally, but they're hardly giving up hope. CNBC.com's Lawrence Delevingne explains.

—By CNBC's Jeff Cox. Follow him on Twitter @JeffCoxCNBCcom.

Wall Street

  • Robert Shiller

    Nobel Prize-winning economist Robert Shiller says that his key valuation indicator is flashing warning signs.

  • Lael Brainard

    The Fed is in the early stages of an analysis on changes in bond market liquidity, amid signs that liquidity may be less resilient than in past.

  • Bill Gross

    Janus Capital acquired a majority interest in Kapstream Capital and said Kapstream's Palghat will support Bill Gross as co-portfolio manager of the Janus Global Unconstrained Bond strategy.