Latest News
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Food and energy costs lead wholesale prices to soar in March (Martin Crutsinger)
WASHINGTON - Inflation at the wholesale level soared in March at nearly triple the rate that had been expected as the costs of energy and food both climbed rapidly.
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Oil and Food Rises Stoke Inflation Fear (Michael M. Grynbaum)
Businesses continued to grapple with steep inflation last month as oil and food costs reached record highs, leaving Federal Reserve policymakers in a difficult spot ahead of their meeting later this ...
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Retailing Chains Caught in a Wave of Bankruptcies (Michael Barbaro)
The consumer spending slump and tightening credit markets are unleashing a widening wave of bankruptcies in American retailing, prompting thousands of store closings that are expected to remake ...
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Banks Set to Stumble Again (David Ellis)
Wall Street expects ugly first-quarter results from Citigroup and Merrill Lynch. And the worst may not be over for financials just yet.
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Torture Lawyer in the Crosshairs (Scott Horton)
I reported here and here on former Pentagon General Counsel William J. (“Jim”) Haynes II, his covert war against the JAG Corps, and the focal role played by the torture issue in this process. Haynes ...
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A 'perfect storm' of hunger (Edmund Sanders and Tracy Wilkinson)
The U.N.'s World Food Program is struggling as costs of food and fuel skyrocket while the numbers of people needing help surge across the globe. Millions are in danger. April 2, 2008 -- KHARTOUM, ...
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World Made By Hand: Not Just Another Book Review (Carolyn Baker)
(Speaking Truth To Power) -- A review of the 2008 novel World Made By Hand by James Howard Kunstler (Atlantic Monthly Press)
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Antarctica's Wilkins Ice Shelf Risks Collapse, U.K. Group Says (Alex Morales)
March 25, 2008 (Bloomberg) -- An Antarctic ice shelf bigger than Connecticut risks collapse because of global warming after a retreat that began on Feb. 28, the British Antarctic Survey said. The ...
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Troubled Outlook for New York City Economy Turns a Lot Grimmer (Patrick McGeehan)
The outlook for New York City’s economy and its main engine, the financial services industry, had already taken a bleak turn before the sudden failure of Bear Stearns, the fifth-largest firm on Wall ...
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Most Economists Say Recession Has Arrived as Outlook Darkens (Phil Izzo)
The U.S. has finally slid into recession, according to the majority of economists in the latest Wall Street Journal economic-forecasting survey, a view that was reinforced by new data showing a ...
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Paulson Admits Deregulation has Failed Us All (Marketwatch)
You know things are very very bad on Wall Street when a guy like Henry Paulson -- Treasury secretary, solid Republican, and former Goldman Sachs CEO -- joins the crowd calling for more regulation ...
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