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September 04, 2008 |
An ominous trend to watch: Corporate loan defaults
Int'l Herald Tribune
The weak go first, and people take comfort from the very weakness of the fallen. The fact that it is only the weak who are suffering is taken as proof that there is no general problem. |
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September 03, 2008 |
Bank of England Gives UK Banks Estimated $354 Billion
Bloomberg
U.K. banks probably have tapped the Bank of England for more than 200 billion pounds ($354 billion) less than two months before its emergency funding plan is scheduled to end, according to UBS AG analysts. |
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September 03, 2008 |
New Mexican port seeks ships from Orient that now dock in U.S.
Washington Times
President Felipe Calderon opened bidding last week for construction of a huge new seaport that could eventually compete with Los Angeles-Long Beach, the largest port complex in the United States. |
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September 03, 2008 |
Free-trade advocates rally at RNC
Washington Times
Commerce Secretary Carlos Gutierrez and other free-trade advocates held a rally Tuesday at the Republican National Convention, extolling the benefits of international trade and calling on Congress to ratify free-trade agreements with Colombia and South Korea. |
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September 03, 2008 |
Commodities bubble burns big investment funds
The Seattle Times
The deflating commodities bubble is claiming its first casualties as large investment funds absorb staggering losses from bad bets that prices for oil, precious metals and grains would keep going up. |
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September 03, 2008 |
Islamic Bond Decree Cripples Sukuk, Imperils Projects
Bloomberg
The fastest-growing part of the global bond market is faltering, and it has nothing to do with subprime mortgages or the credit crunch. |
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September 02, 2008 |
Clones' offspring may be in food supply says FDA
Reuters
Food and milk from the offspring of cloned animals may have entered the U.S. food supply, the U.S. government said on Tuesday, but it would be impossible to know because there is no difference between cloned and conventional products. |
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September 02, 2008 |
Retailers slash prices to draw buyers
Breitbnart.com
In a bid to pull hesitant shoppers into their stores, retailers are slashing prices on everything from jeans to dinnerware. But those fat discounts will likely come at a big cost for the companies. |
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September 02, 2008 |
UK: Government can't afford a proper bail-out
Telegraph (UK)
The UK housing market has found a strange and rather sad equilibrium. When it does function, it's at levels that spiral closer to Hades every day. |
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September 02, 2008 |
Japan is all too coupled with global economy
Reuters
Far from being "decoupled," Japan is proving to be on a very bad date with the global economy. |
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