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July 14, 2008 |
Big investors starting to predict end to euro rally
Int'l Herald Tribune
For three years euro bulls used the prospect of higher interest rates in Europe to justify the currency's 32 percent rally against the dollar. No more. |
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July 14, 2008 |
Jim Rogers attacks Fannie Mae and Freddie Mac bail-out
Telegraph (UK)
Renowned currency trader Jim Rogers has blasted the US government's planned bail-out of Fannie Mae and Freddie Mac as an "unmitigated disaster". |
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July 14, 2008 |
Heavyweights say Euro grossly overvalued
Bloomberg
For three years euro bulls used the prospect of higher interest rates in Europe to justify the currency's 32 percent rally against the dollar. No more. |
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July 14, 2008 |
Mundell: "I applaud all efforts to get support for a global currency."
Washington Times
He is known as the "father of the euro" because of his work on optimum currency areas. |
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July 13, 2008 |
SEC to Probe Manipulation Through False Information
Bloomberg
Wall Street's biggest regulators are examining whether securities firms adequately police rumor- mongering used to manipulate stocks after shares of Lehman Brothers Holdings Inc., Fannie Mae and Freddie Mac tumbled last week. |
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July 13, 2008 |
Hot money poses risks to China’s stability
Financial Times
In 2006 China shocked the world by adding $247bn to what was already the largest hoard of foreign currency reserves. In 2007, if correctly counted, China took in more than twice that amount. So far this year it is on track to double yet again. |
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July 11, 2008 |
Housing bailout includes new fingerprint demand
Worldnet Daily
Mortgage lenders and brokers and even office assistants and secretaries could be subjected to new federal demands to be fingerprinted under a provision of a massive housing bailout plan – with attachments – that is moving through Congress. |
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July 10, 2008 |
Cruelest summer for teen jobs since 1958
CNNMoney
Teenagers are finding jobs much harder to come by this summer, as employers trim payrolls amid a slumping economy. |
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July 04, 2008 |
Secret report: biofuel caused food crisis
Guardian
Biofuels have forced global food prices up by 75% - far more than previously estimated - according to a confidential World Bank report obtained by the Guardian. |
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July 04, 2008 |
Analysts say more U.S. banks will fail
Int'l Herald Tribune
As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year. |
