Finance
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Fed May Be `Central Bank of the World' After UBS, Barclays Aid (Bradley Keoun and Hugh Son)
Dec. 2, 2010 (Bloomberg) -- Federal Reserve data showing UBS AG and Barclays Plc ranked among the top users of $3.3 trillion from emergency programs is stoking debate on whether U.S. regulators bear ...
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U.S. Federal Reserve Conjures -- and Redefines -- Money (Matthew Cardinale)
Nov. 30, 2010 (Inter Press Service) -- ATLANTA, Georgia - The private central bank of the United States, the Federal Reserve, has begun purchasing $600 billion of long-term U.S. Treasury Bonds, ...
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The Stench of US Economic Decay Grows Stronger (Paul Craig Roberts)
Nov. 29, 2010 (Information Clearing House) -- On Thanksgiving eve the English language China Daily and People’s Daily Online reported that Russia and China have concluded an agreement to abandon the ...
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Fail and Grow Rich on Wall Street (Robert Scheer)
Nov. 24, 2010 (TruthDig) -- Welcome to the brave new world of post-bailout capitalism. The Commerce Department announced Tuesday that corporate profits are at their highest level in U.S. history, ...
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Bernanke vs. Keynes (Mike Whitney)
Nov. 23, 2010 (Information Clearing House) -- Investment drives the economy. It creates jobs, builds factories, develops technology, and stimulates growth. When investment falls, spending slows, ...
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The horrible truth starts to dawn on Europe's leaders (Ambrose Evans-Pritchard)
Nov. 16, 2010 (Telegraph) -- The entire European Project is now at risk of disintegration, with strategic and economic consequences that are very hard to predict. In a speech this morning, EU ...
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China Has Tied Bernanke's Hands: The Least We Can Do Is Be Grateful (Mike Whitney)
Nov. 19, 2010 (Information Clearing House) -- Say what you will about Alan Greenspan, he was never a whiner. Unfortunately, the same can't be said about present Fed chairman Ben Bernanke. Bernanke's ...
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Prime U.S. Mortgage Foreclosures Rise to Record (Kathleen M. Howley)
Nov. 18, 2010 (Bloomberg) -- Foreclosures on prime fixed-rate mortgages in the U.S. jumped to a record in the third quarter as unemployment strained household budgets of the most creditworthy ...
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It’s Official: Rich Declare War on the Middle Class (Robert Freeman)
Nov. 14 (Common Dreams) -- For the past thirty years the rich have been waging war on the middle class. It’s been astonishingly effective, partly because it has been undeclared. But even that ...
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Bank of America Is in Deep Trouble There May Be Financial Disaster on the Horizon (Joshua Holland)
Nov. 12, 2010 (AlterNet) -- Will Bank of America be the first Wall Street giant to once again point a gun to its own head, telling us it'll crash and burn and take down the financial system if we ...
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Yes, I Can: Straight Talk on Balancing the Budget (Ted Rall)
Nov. 12, 2010 (CommonDreams.org) -- The federal budget deficit is like the weather. Everybody talks about it; except for Bill Clinton, no one ever does anything about it. President Obama's ...
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