Finance
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The Backward Slide into Recession (Mike Whitney)
Aug. 30, 2010 (Information Clearing House) -- Ongoing deleveraging has slowed personal consumption and trimmed 2nd quarter GDP to a revised 1.6 percent. The economy is sliding backwards into ...
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Make Sure the Bunker is Well Stocked (Mike Whitney)
Aug. 29, 2010 -- (Information Clearing House) -- Robert Herz was forced to resign from his job as as chairman of the Financial Accounting Standards Board (FASB) because he insisted that the banks ...
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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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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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Revolution and Repression in America (Andrew Gavin Marshall)
This is Part 2 of the series, "The Technological Revolution and the Future of Freedom." Part 1: The Global Political Awakening and the New World Order Introduction June 29, 2010 (Global Research) -- ...
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The Global Political Awakening and the New World Order (Andrew Gavin Marshall)
This is Part 1 of the series, "The Technological Revolution and the Future of Freedom." June 24, 2010 (Global Research) -- There is a new and unique development in human history that is taking place ...
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