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November 10, 2008 |
US May Lose Its 'AAA' Rating
CNBC
The United States may be on course to lose its 'AAA' rating due to the large amount of debt it has accumulated, according to Martin Hennecke, senior manager of private clients at Tyche. |
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November 10, 2008 |
Corporations versus the Market; or, Whip Conflation Now
Miscellaneous
Defenders of the free market are often accused of being apologists for big business and shills for the corporate elite. Is this a fair charge? |
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November 10, 2008 |
America the Illiterate
Miscellaneous
We live in two Americas. One America, now the minority. The other America, which constitutes the majority, exists in a non-reality-based belief system. |
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November 09, 2008 |
UK's Brown: Now is the time to build global society
Reuters
The international financial crisis has given world leaders a unique opportunity to create a truly global society, Britain's Prime Minister Gordon Brown will say in a keynote foreign policy speech on Monday. |
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November 09, 2008 |
Gorbachev calls on Obama to carry out 'perestroika' in the U.S.
Miscellaneous
Former Soviet leader Mikhail Gorbachev has said that the Obama administration in the United States needs far-reaching 'perestroika' reforms to overcome the financial crisis and restore balance in the world. |
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November 09, 2008 |
Islam bond momentum builds in UK
Financial Times
Britain remains committed to launching the first Islamic bond by a western government in spite of the collapse of the market in the past month. |
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November 08, 2008 |
Zoellick sees need to 'modernize' global finance system
Miscellaneous
With the global economy entering a "danger zone," key officials are nearing a consensus on the need to revamp the financial system, World Bank President Robert Zoellick said Saturday. |
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November 06, 2008 |
Tax Hikes, Budget Cuts In The Works For NYC
Miscellaneous
Mayor Michael Bloomberg is going to cut the city work force by 3,000, but that's just the beginning of the pain New Yorkers will feel as part of the fiscal crisis. A slew of new taxes are also on the agenda. |
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November 06, 2008 |
Deflation: the new threat
Fortune Magazine
Forget about inflation. The opposite threat - deflation - is what has policymakers sweating now. |
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November 05, 2008 |
US treasury sells bail-out bonds
BBC (UK)
The United States government plans to sell bonds worth $55bn (£34bn) in an effort to finance its bank rescue programme. |
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