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May 15, 2008 |
Experts divided on how to retool how the world gets food
Miscellaneous
Sitting in a Mexico City office, dressed in a pressed white shirt, Gerardo Sanchez seems a world away from his herds of goats and fields of beans. |
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May 14, 2008 |
Foreclosure filings hit record in April
CNNMoney
U.S. foreclosure filings reached a record high in April, rising almost 65% over the previous year and putting municipalities at risk by cutting into the value of taxed property, according to a study released Wednesday.
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May 14, 2008 |
How World Bank/IMF destroyed agriculture in Honduras
Bloomberg
Fidencio Alvarez abandoned his bean and corn farm in southern Honduras because of the rising cost of seeds, fuel and food. After months of one meal a day, he hiked with his wife and six children to find work in the city. |
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May 14, 2008 |
U.S. using food crisis to boost bio-engineered crops
Miscellaneous
The Bush administration has slipped a controversial ingredient into the $770 million aid package it recently proposed to ease the world food crisis, adding language that would promote the use of genetically modified crops in food-deprived countries. |
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May 13, 2008 |
Citigroup is beyond repair
Miscellaneous
Banking analyst Meredith Whitney blasted Citigroup's turnaround plan yesterday, saying the financial giant is so deep in a black hole that even renown physicist Stephen Hawking could not help the ailing company. |
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May 12, 2008 |
The global slump of 2008-09 has begun as poison spreads
Telegraph (UK)
The avalanche of bankruptcies has begun. Six US companies of substance have defaulted on bonds over the past fortnight, against 17 for the whole of last year. |
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May 09, 2008 |
G7 loses grip on global policy to O5
Asia Times
A distinct set of global institutions governs the international economic system: the World Trade Organization, the International Monetary Fund, and the World Bank. Each has its specialty, and they are complemented by a number of even more specialized institutions with more restricted membership, such as the Bank for International Settlements and the Organization for Economic Cooperation and Development. |
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May 09, 2008 |
Collision ahead: Using credit cards to survive high prices
CNNMoney
No longer able to turn their homes for cash, Americans are increasingly using plastic to meet their basic living expenses. But many can't afford to pay the bills. |
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May 08, 2008 |
The delusion of markets
Asia Times
Through the second half of 2007 to the collapse of Bear Stearns, US equity indexes were leading America into recession. Markets were discounting shares to reflect serious and prolonged earnings and profit reduction. Stock prices were indicating a long hard fall. Serious turmoil in the financial industry, housing collapse and macro-economic weakness were seen as imminent and selling pressure was relentless. |
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May 08, 2008 |
Citigroup on the auction block: $400bn sale
Miscellaneous
NEW YORK (Reuters) - Citigroup Inc (C.N) will present as much as $400 billion of "non-core" assets that can be sold by the bank when it meets investors and analysts on Friday, a person familiar with the situation said. |
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