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Economy

Date	Article
July 18, 2008	Oil prices tumble in biggest weekly drop ever Breitbnart.com A stunning sell-off dragged oil prices to their biggest weekly drop ever and gas prices at the pump slipped by the more than they have at any point since February, giving consumers a rare breather in a year of record fuel prices.
July 15, 2008	EU Recession looms as Spain crumbles Telegraph (UK) The eurozone is tipping into a deeper downturn than America itself despite the tremors in the US mortgage industry, and may already be in full recession for the first time since the launch of the single currency.
July 14, 2008	Big investors starting to predict end to euro rally Int'l Herald Tribune For three years euro bulls used the prospect of higher interest rates in Europe to justify the currency's 32 percent rally against the dollar. No more.
July 14, 2008	Jim Rogers attacks Fannie Mae and Freddie Mac bail-out Telegraph (UK) Renowned currency trader Jim Rogers has blasted the US government's planned bail-out of Fannie Mae and Freddie Mac as an "unmitigated disaster".
July 14, 2008	Mundell: "I applaud all efforts to get support for a global currency." Washington Times He is known as the "father of the euro" because of his work on optimum currency areas.
July 11, 2008	Housing bailout includes new fingerprint demand Worldnet Daily Mortgage lenders and brokers and even office assistants and secretaries could be subjected to new federal demands to be fingerprinted under a provision of a massive housing bailout plan – with attachments – that is moving through Congress.
July 10, 2008	Cruelest summer for teen jobs since 1958 CNNMoney Teenagers are finding jobs much harder to come by this summer, as employers trim payrolls amid a slumping economy.
June 30, 2008	BIS says global downturn could be 'deeper and more protracted' than expected Miscellaneous The downturn in the world economy could be deeper and more protracted than expected as a result of the ongoing turmoil in financial markets, the Bank for International Settlements said.
June 26, 2008	Kohn: Food, fuel highs are temporary CNNMoney Growing economies could contain inflation by curbing their appetite for commodities, the vice chairman of the Federal Reserve said in a speech Thursday.
June 16, 2008	RBS issues global stock and credit crash alert Telegraph (UK) The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks.

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