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November 26, 2008 |
Obama names Volcker to head new economic group
CNNMoney
Former Fed chief to head special advisory board of Washington outsiders to help with financial crisis. President-elect tells Americans 'help is on the way.' |
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November 26, 2008 |
China slashes interest rates as panic spreads
Telegraph (UK)
The People's Bank of China cut interest rates by more than 1pc point as the economy crumbles and millions of jobs are predicted to go ahead of Christmas.
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November 26, 2008 |
Durable goods orders sink more than expected
CNNMoney
Orders for durable goods declined sharply in October, marking the largest percent decrease in two years, the government reported Wednesday. |
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November 25, 2008 |
Home prices in record decline
CNNMoney
A Case-Shiller survey shows a 16.6% annual decline in the summer months as the housing picture continues to deteriorate. |
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November 25, 2008 |
Risk of California Bankruptcy
Telegraph (UK)
Bankruptcy update, Britain plus California |
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November 24, 2008 |
Russian Professor Says U.S. Will Break Up After Economic Crisis
Bloomberg
A professor at the diplomatic academy of Russia’s Ministry of Foreign Affairs said the U.S. will break into six parts because of the nation’s financial crisis. |
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November 24, 2008 |
Poor holiday sales could mean more dead malls in 2009
CNNMoney
A crippling sales year has already pushed one operator to the brink of bankruptcy. A disastrous holiday season could take more out in 2009. |
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November 19, 2008 |
US inflation in fastest plunge for 61 years
Miscellaneous
The cost of living in America fell at its fastest rate for more than 60 years... |
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November 19, 2008 |
Manufacturing confidence hits 30-year low
TimesOnline (UK)
The scale of the economic slowdown became clearer today as British factory orders continued to fall and confidence among manufucturers plunged.... |
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November 18, 2008 |
Inflation falls by biggest amount in month since 1992, raising deflationary spectre
Telegraph (UK)
The Consumer Prices Index, the Government's preferred measure of inflation fell from a record 5.2 per cent in September to 4.5 per cent in October |
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