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August 04, 2008 |
Administration defies Congress over Mexican trucking
Miscellaneous
The two-year extension of the cross-border trucking program with Mexico didn’t necessarily come as a big surprise and has done little to dampen the efforts of opponents of the program. |
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August 04, 2008 |
Project to rebuild Internet gets $12 million in seed money
Washington Times
A massive project to redesign and rebuild the Internet from scratch is inching along with $12 million in government funding and donations of network capacity by two major research organizations. |
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July 29, 2008 |
U.S. oil fields given to Russia by State Department
Worldnet Daily
Even if Congress follows President Bush's lead in opening off-shore oil exploration, there exist over 125,000 square miles of sea bottom that won't be explored, because the State Department – amid controversy and against the will of Alaskans – has surrendered the land to Russia. |
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July 28, 2008 |
Biofuels major driver of food price rise: World Bank
Reuters
Large increases in biofuels production in the United States and Europe are the main reason behind the steep rise in global food prices, a top World Bank economist said in research published on Monday. |
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July 28, 2008 |
WTO global trade pact derailed
CNNMoney
Trade officials said Tuesday that a high-level summit to salvage a global trade pact collapsed, after the United States, China and India failed to compromise on when poor countries could raise import tariffs on farm products. |
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July 22, 2008 |
Darling Says Global Credit Crunch `More Profound' Than Expected
Bloomberg
Chancellor of the Exchequer Alistair Darling said fallout from a global credit crunch is proving worse than previously expected, a sign that U.K. policy makers are bracing for slower growth. |
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July 22, 2008 |
GM, Ford `On the Verge of Bankruptcy,' Altman Says
Bloomberg
General Motors Corp. and Ford Motor Co., the two biggest U.S. automakers, have about a 46 percent chance of default within five years, according to Edward Altman, a finance professor at New York University's Stern School of Business. |
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July 22, 2008 |
Like Fed: Bank of England power grab unvelied
Bloomberg
Bank of England Governor Mervyn King said he wanted the central bank to have more authority in decisions on when to rescue a troubled lender, in legislation proposed to fix Britain's financial stability rules. |
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July 21, 2008 |
Overseas investors take hard look at U.S. mortgage giants
Int'l Herald Tribune
For more than a decade, Fannie Mae and Freddie Mac, the housing giants that make the American mortgage market run, have attracted overseas investors with a simple pitch: The securities they issue are just as good as the U.S. government's - and they usually pay better. |
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July 21, 2008 |
The global economy is at the point of maximum danger
Int'l Herald Tribune
t feels like the summer of 1931. The world's two biggest financial institutions have had a heart attack. The global currency system is breaking down. The policy doctrines that got us into this mess are bankrupt. No world leader seems able to discern the problem, let alone forge a solution. |
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