Latest News
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Meltdown 101: Foreign Investments in US Debt (Christopher S. Rugaber)
The Cayman Islands. (Photo: Don McDougall / Cayman Islands Department of Tourism) Aug. 17, 2009 (AP) WASHINGTON -- Many Americans know that China holds the most US Treasury debt, followed by Japan. ...
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World War in the Making? (Rick Rozoff)
Aug. 9, 2009 (Dandelion Salad) -- Two months before the eighth anniversary of the U.S. invasion of Afghanistan and the beginning of NATO's first-ever ground war the world is witness to a 21st ...
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JPMorgan Sees V-Shaped Recovery in U.S. (Steve Matthews)
Aug. 14 (Bloomberg) -- Instead of a so-called New Normal of subdued growth, the U.S. may be heading for a robust recovery. The worst recession since the 1930s has created a reservoir of demand that ...
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Inventories fall for 10th straight month in June (Martin Crutsinger)
Aug. 13, 2009 -- WASHINGTON (AP) -- U.S. businesses reduced inventories for a 10th straight month in June, although total business sales posted the first increase in nearly a year. The Commerce ...
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The Real Grand Chessboard and the Profiteers of War(Prof. Peter Dale Scott)
Global Research, August 11, 2009 "In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military industrial complex. The ...
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Home Price Declines Accelerate in Second Quarter (Kathleen M. Howley and Brian Louis)
Aug. 12 (Bloomberg) -- Home price declines in the U.S. accelerated in the second quarter, dropping by a record 15.6 percent from a year earlier, as foreclosure sales weighed on values. The median ...
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Global Confidence Jumps on Signs Recession Easing (Shamim Adam)
Aug. 12 (Bloomberg) -- Confidence in the world economy surged to a 22-month high in August on signs the worst global recession since World War II is coming to an end, a Bloomberg survey of users on ...
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US Damaged Historic Babylon Site (Sandy English)
From the World Socialist Web Site (wsws.org) UNESCO, the United Nations cultural organization, has issued a report outlining the extensive damage caused by US occupation forces in Iraq to the ...
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Baltic Dry Index has worst week since October meltdown as Chinese demand slows (Garry White )
Aug. 7, 2009 (Telegraph) -- The Baltic Dry Index, which tracks shipping costs and is viewed as leading indicator for commodity prices, has had its worst week since the peak of the financial crisis ...
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Chacaltaya’s glacier has gone (Dunx)
Chacaltaya's glacier Aug. 10, 2009 (SKUK) -- The 18,000 year old glacier that was home for more than 60 years to the world’s highest ski area, Chacaltaya in Bolivia, has now melted away completely ...
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Crisis and climate force supply chain shift (Richard Milne)
Aug. 9, 2009 -- AMSTERDAM (Financial Times) -- Manufacturers are abandoning global supply chains for regional ones in a big shift brought about by the financial crisis and climate change concerns, ...
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