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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 |
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 |
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 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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August 30, 2008 |
Economy at 60-year low, says Darling. And it will get worse
Guardian
Britain is facing "arguably the worst" economic downturn in 60 years which will be "more profound and long-lasting" than people had expected, Alistair Darling, the chancellor, tells the Guardian today. |
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August 28, 2008 |
Russia may cut off oil flow to the West
Telegraph (UK)
Fears are mounting that Russia may restrict oil deliveries to Western Europe over coming days, in response to the threat of EU sanctions and Nato naval actions in the Black Sea. |
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August 26, 2008 |
Biggest quarterly drop in home prices ever
Yahoo! News
A widely watched index released Tuesday showed home prices dropping by the sharpest rate ever in the second quarter, but the data for June suggest the severity of the housing slump may be waning. |
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August 10, 2008 |
China to overtake US as largest manufacturer
Financial Times
China is set to overtake the US next year as the world’s largest producer of manufactured goods, four years earlier than expected, as a result of the rapidly weakening US economy. |
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