Economy
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Not Tits but Horns! (David Glenn Cox)
David Glenn Cox -- World News Trust Aug. 28, 2010 -- Alan Simpson broke the cardinal rule in Washington; he said what he really thought. Turn about is fair play so here’s what I really think. His ...
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Morgan Stanley Analyst Says Governments to Default (Matthew Brown)
Aug. 25 (Bloomberg) -- Investors face defaults on government bonds given the burden of aging populations and the difficulty of increasing tax revenue, according to a Morgan Stanley executive ...
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U.S. Economy Grew a Revised 1.6% in Second Quarter (Bob Willis)
Aug. 27, 2010 (Bloomberg) -- The U.S. economy grew at a 1.6 percent annual rate in the second quarter, less than previously calculated, as companies reined in inventories and the trade deficit ...
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Bill Gross Takes Backseat to Real Big Money (William Pesek)
Aug. 13 (Bloomberg) -- Mohammed El-Erian, chief executive officer and co-chief investment officer at Pacific Investment Management Co., discusses Federal Reserve monetary policy. El-Erian, speaking ...
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Wake Up Obama (Joel S. Hirschhorn)
Joel S. Hirschhorn -- World News Trust Aug. 15, 2010 -- If the United States is not kaput it is certainly withering away even as a rich upper class enjoys all the things that money buys. There is ...
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Errant Climate May Be Sign of Breakdown, Scientists Say (Charles J. Hanley)
Heat waves, fires, and floods fit their predictions Aug. 13, 2010 -- NEW YORK (AP) -- Floods, fires, melting ice, and feverish heat -- from smoke-choked Moscow to water-soaked Iowa and the High ...
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This Economy Stinks, Yes it Does (Dean Baker)
Aug. 10, 2010 (Truthout) -- If there were any doubts about the health of the economy, two reports issued in the last ten days should have eliminated them. First the second quarter GDP showed the ...
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U.S. Is Bankrupt and We Don't Even Know (Laurence Kotlikoff)
Aug. 10, 2010 (Bloomberg) -- Let’s get real. The U.S. is bankrupt. Neither spending more nor taxing less will help the country pay its bills. What it can and must do is radically simplify its tax, ...
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Four Deformations of the Apocalypse (David Stockman)
July 31, 2010 (New York Times) -- If there were such a thing as Chapter 11 for politicians, the Republican push to extend the unaffordable Bush tax cuts would amount to a bankruptcy filing. The ...
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Three Days to Revolution (David Glenn Cox)
David Glenn Cox -- World News Trust Aug. 9, 2010 -- Rage is born of desperation; it is incubated and nurtured by ignorance and neglect. It is fathered by the unfeeling and uncaring, the safe and ...
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Nonfarm payrolls drop 131,000 in July (Greg Robb)
Private payrolls up 71,000, economists had been expecting growth of 100,000 Aug. 6, 2010 -- WASHINGTON (MarketWatch) -- U.S. employers continued to hire but at a sluggish pace that adds to pessimism ...
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