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Megabubble waiting for new president in 2009 (Paul B. Farrell)
'Numbers racket' exposes potential disaster for economy, markets
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Banks Keep $35 Billion Markdown Off Income Statements (Yalman Onaran)
May 19 (Bloomberg) -- Banks and securities firms, reeling from record losses resulting from the collapse of the mortgage securities market, are failing to acknowledge in their income statements at ...
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"Far From Normal" (James Kunstler)
(Clusterfuck Nation) -- "Far From Normal." Those were the words that Fed chairman Ben Bernanke used to describe the financial markets (and by extension the economy) these heady spring days when ...
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The Same New Ideas (John Michael Greer)
(Archdruid Report) -- As I write these words, a week before their publication, The Archdruid Report is starting its third year. It’s been a long strange trip, to borrow a phrase from the Grateful ...
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New Breed of American Emerges in Need of Food (Richard Wolf)
Philomena Gist understands why it hurts so much to be on food stamps. After all, she's got a master's degree in psychology. "There's pride in being able to take care of yourself," says the Columbus, ...
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Multinationals Make Billions in Profit Out of Growing Global Food Crisis (Geoffrey Lean)
Giant agribusinesses are enjoying soaring earnings and profits out of the world food crisis which is driving millions of people towards starvation, The Independent on Sunday can reveal. And ...
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During Boom in Crop Prices, Lawmakers Harvest Subsidies (Brian Riedl)
With food prices soaring, it takes some gall to force Americans to pay billions of dollars to millionaire agribusinesses. Yet that's what the latest farm bill would do.
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"Stealth Layoffs" Sweep across Wall Street (Louise Story, Eric Dash)
People on Wall Street seem to be vanishing overnight.
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Home Foreclosures Continued to Soar in April (Reuters)
U.S. home foreclosure filings in April rose 4 percent from March and were a whopping 65 percent higher than a year earlier, real estate data firm RealtyTrac said on Wednesday.
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Two Americas: The Death Gap (Shawn Begley)
Are you better off today than you were 10 years ago? Some version of that is a favorite question of politicians looking to oust the party in power. As of today, if the “you” refers to American ...
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Congress Votes to Stop Stockpiling Oil (Carl Hulse, Steven Lee Myers)
WASHINGTON — Groping for a quick response to rising gas prices, Congress voted overwhelmingly Tuesday to order the Bush administration to stop depositing oil in a national reserve even though ...
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