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Is Time Running Out for Bond Insurers? (CNBC)
As troubled bond insurers like MBIA and Ambac fight to maintain their triple-A ratings, officials at these firms are pondering how their businesses might look if they do indeed get downgraded, CNBC ...
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Banks Lose to Deadbeat Homeowners as Loans Sold in Bonds Vanish (Bob Ivry)
Joe Lents hasn't made a payment on his $1.5 million mortgage since 2002. That's when Washington Mutual Inc. first tried to foreclose on his home in Boca Raton, Florida. The Seattle-based lender ...
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Conference Board says US Economy to Slow Further (Candace Choi)
The slowdown in the U.S. economy, coupled with a steady drip of bleak economic data, is starting to echo the conditions that presaged the country's most recent recession.
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Proud of What? (Mary Lyon)
"My country, right or wrong; if right, to be kept right; and if wrong, to be set right." Carl Schurz (1829 - 1906) That's the phrase we hear and see again and again. I can think of plenty of bumper ...
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Unsettled Trades (e.g., Naked Short Selling) (Patrick M. Byrne)
World News Trust presents the next chapter from the series "Deep Capture", by Patrick M. Byrne, PhD., CEO of Overstock.com. We consider Dr. Byrne's work a clear and incisive window on serious ...
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Ethanol Demand in U.S. Adds to Food, Fertilizer Costs (Alan Bjerga)
U.S. plans to replace 15 percent of gasoline consumption with crop-based fuels including ethanol are already leading to some unintended consequences as food prices and fertilizer costs increase.
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Why in the World Would Suicides Be Up in the U.S. Under Bush-Cheney? (Mark Crispin Miller)
Today's New York Times includes a front-page article on the odd spike in suicides among the middle-aged. It's an awesomely myopic piece of work. According to it, all those suicides are purely ...
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Crusade of Surge and Siege: Part One of Three (Manuel Valenzuela)
Manuel Valenzuela -- World News Trust -- Homeland Born and Bred -- Sojourn into the outer recesses of a nation bordering on madness, into a land deeply disturbed and emotionally bewildered, a world ...
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AP Scoop: 'Gross Mismanagement' Killed Marines (Richard Lardner)
Hundreds of U.S. Marines have been killed or injured by roadside bombs in Iraq because Marine Corps bureaucrats refused an urgent request in 2005 from battlefield commanders for blast-resistant ...
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The Next Crisis Will Be Over Food (Gillia Tett)
Gillian Tett -- Financial Times -- Feb. 14, 2008 -- I used to think that the fastest way to become worried about markets was to stare into the bowels of a monoline. No longer. A few days ago, I ...
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The Terrorists Still at Ground Zero, 7 World Trade Center, Lower Manhattan (Alexander Cockburn)
By ALEXANDER COCKBURN -- CounterPunch -- Terrorism flourishes brazenly at Ground Zero, in the new 7 World Trade Center building. Here can be found a secretive entity of fabulous wealth and power. ...
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