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The Earth Liberation Front Is Mad! Why Aren’t We? (Jason Miller)
“Of Mommies and Daddies Who Just Don’t Give a Fuck” -- Sorry kids, but you’re just going to have to deal with the fact that we are greedy narcissists. We’re dyed in the wool consumers, we worship ...
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Troubled Outlook for New York City Economy Turns a Lot Grimmer (Patrick McGeehan)
The outlook for New York City’s economy and its main engine, the financial services industry, had already taken a bleak turn before the sudden failure of Bear Stearns, the fifth-largest firm on Wall ...
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U.S. Economy: Factory Production Contracts More Than Forecast (Carlos Torres)
March 17 (Bloomberg) -- Industrial production in the United States dropped more than forecast in February as the economic slump deepened even before the crisis in financial markets intensified.
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Dinner With Ahmed (Scott Ritter)
As we approach the fifth anniversary of the invasion and occupation of Iraq, I find myself thinking back on how we got ourselves into this predicament. Like many who played a direct role in the ...
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A Real Freak Out (James Kunstler)
Things are getting very weird very fast -- and will probably get even weirder, faster, as the train wreck of bad debt meets the Saint Paddy's Day Parade of bacchanalian excess at the grade-crossing ...
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Fed rate cut of one percentage point more certain than ever (Greg Robb)
Cut of one percentage point designed to give market shot in the arm
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Dollar Overnight Rate Soars; Fed Move Signals Crisis (Gavin Finch)
March 17 (Bloomberg) -- The cost of borrowing in dollars overnight rose by the most in at least seven years after the Federal Reserve's emergency cut in the discount interest rate stoked concern ...
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JPMorgan Agrees to Buy Bear Stearns for $240 Million (Yalman Onaran)
March 17 (Bloomberg) -- JPMorgan Chase & Co. agreed to buy Bear Stearns Cos. for $240 million, about 90 percent less than its value last week, after a run on the company ended 85 years of ...
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Asia Stocks, U.S. Futures, Dollar Decline After Fed Cuts Rate (Patrick Rial, Emma O'Brian)
March 17 (Bloomberg) -- Asian stocks, U.S. index futures and the dollar tumbled, while bond futures rose, after the Federal Reserve cut its discount interest rate at an emergency meeting and ...
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The Gathering Storm at Justice (Scott Horton)
I don’t in the ordinary course review and recommend law review articles, but I’ve just come across one that is close to indispensable for public affairs junkies. On December 7, 2006—the anniversary ...
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Step 9 of the Financial Meltdown (Nouriel Roubini)
In my February 5th piece on 12 Steps to a Financial Disaster I predicted - as Step 9 of the meltdown - that "one or two large and systemically important broker dealers" will "go belly up" and that ...
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