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USA :: Economy
USA HOME SALES PLUNGE 27% TO LOWEST IN 15 YEARS
08-24-2010 6:32 pm - Alan Zibel - Associated Press
WASHINGTON -- Sales of previously occupied homes plunged last month to the lowest level in 15 years, despite the lowest mortgage rates in decades and bargain prices in many areas. July's
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USA :: Economy
LET THE AMERICAN HOUSING MARKET NORMALIZE
08-24-2010 12:52 am - Ron Paul
Recently there have been some encouraging signs that Congress is finally willing to admit what should have been evident two years ago. Even after a $150 billion bailout, Fannie Mae and
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USA :: Economy
HAPPY COST OF GOVERNMENT DAY
08-20-2010 4:52 pm - Roberty Laurie - The Watercooler
I hope you remembered to wrap your gifts, because it's time to celebrate "Cost of Government Day." Each year, the mathmatical wizards at the Americans for Tax Reform Foundation and The
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China :: Economy
CHINA WEALTHY? THAT'S RICH
08-20-2010 4:39 pm - Jonah Goldberg - TownHall.com
It was big news around the world: China has "overtaken" Japan as the world's second-richest economy. Except, well, it's not really news, it's not really big, and it's not entirely true.
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USA :: Economy
BARNEY FRANK:
08-18-2010 8:11 pm - MoneyNews.com
Fannie Mae and Freddie Mac should be abolished rather than reformed as part of the Obama administration's planned overhaul of the government's role in housing finance, Rep. Barney Frank, chairman of
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USA :: Economy
U.S. TO TRAIN 3,000 FOREIGN IT WORKERS (AT THE EXPENSE OF US WORKERS)
08-06-2010 4:11 pm - Paul McDougall - InfoWeek.com
Despite President Obama's pledge to retain more hi-tech jobs in the U.S., a federal agency run by a hand-picked Obama appointee has launched a $36 million program to train workers, including
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USA :: Economy
STUDY: PROPOSED CAP AND TRADE BILL COULD COST 1.9 MILLION JOBS
07-22-2010 6:15 pm - NewsMax.com
The proposed Kerry-Lieberman cap-and-trade bill could cost 1.9 million jobs and slash the U.S. gross domestic product by up to $2.1 trillion, according to an analysis released today. The proposal, known
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Worldwide :: Economy
GLOBAL BANKS FACE $5 TRILLION CREDIT SQUEEZE
07-21-2010 11:04 pm - David Weil - MoneyNews.com
Banks across the globe had to raise trillions of dollars in capital as a result of the financial crisis, and now the bill for that borrowing is coming due. It’s not
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USA :: Economy
GREEN JOBS DON'T EXIST IN A FREE MARKET
07-13-2010 3:54 pm - Tom DeWeese
Al Gore stumps the nation spreading the virtues of going green, thrilled at the prospects of new industries that will crop up in the process. Of course, green jobs are the
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USA :: Economy
OBAMA PANEL WARNS GOVERNORS: DEBT WILL DESTROY US LIKE A CANCER
07-12-2010 8:38 pm - MoneyNews.com
The heads of President Barack Obama's national debt commission painted a gloomy picture as the United States struggles to get its spending under control. Republican Alan Simpson and Democrat Erskine Bowles
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USA :: Economy
JOBS: TOO MANY RIDING, TWO FEW PULLING
07-06-2010 9:15 pm - William F. Jasper
The one thing that economists seem to agree on is that any economic recovery will be an uphill battle for some time to come. But if you’ve ever pulled a heavy
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USA :: Economy
CAP AND TRADE CON
06-28-2010 5:04 pm - Rebecca Terrell - The New American
Last month, Senators John Kerry (D-Mass.) and Joe Lieberman (I-Conn.) unveiled their “American Power Act,” custom-tailored to President Obama’s plans to set up quotas for industrial greenhouse gas (GHG) emissions, with
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USA :: Economy
THE GOVERNMENT IS TAXING YOU TO PAY FOR DEAD PEOPLE
06-25-2010 9:23 am - Terrence Aym
The late Senator William Proxmire [D-WI] was famous for announcing 'Golden Fleece Awards' for Congressional projects that he believed egregiously wasted taxpayer dollars. A budgetary hawk, the senator made it his
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USA :: Economy
FANNIE MAE - FREDDIE MAC FIX AT $160 BILLION WITH $1 TRILLION WORST CASE
06-15-2010 8:15 pm - Lorraine Woellert and John Gittelsohn - Bloomberg
The cost of fixing Fannie Mae and Freddie Mac, the mortgage companies that last year bought or guaranteed three-quarters of all U.S. home loans, will be at least $160 billion and
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USA :: Economy
OUR DEBT CAN NEVER BE REPAID (BY BANKSTER DESIGN)
06-14-2010 6:41 am - Jason Hamlin - Gold-Eagle.com
You really have to hand it to the banksters. As was painstakingly detailed in the book Creature from Jekyll Island, the banking elite devised a brilliant plan in November of 1910
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USA :: Economy
WHY LAS VEGAS IS DYING
06-12-2010 11:30 pm - Terrence Aym
Las Vegas was started by a gangster and may be killed by the government...or at least government inaction. The negative economic forces that have converged on the desert play land of
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USA :: Economy
TAX HIKES AND THE 2011 ECONOMIC COLLAPSE
06-10-2010 9:31 pm - Arthur Lapper - Wall Street Journal
Today's corporate profits reflect an income shift into 2010. These profits will tumble next year, preceded most likely by the stock market. People can change the volume, the location and the
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Worldwide :: Economy
WHY GOVERNMENTS HATE GOLD
06-08-2010 3:53 pm - Ron Paul
This past week several emerging and ongoing crises took attention away from the ongoing sovereign debt problems in Greece. The bailouts are merely kicking the can down the road and making
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USA :: Economy
TICKING TIME BOMB: THE $100 TRILLION DEBT
06-04-2010 8:43 pm - Terrence Aym
According to the Office of Management and Budget (OMB), the non-partisan federal government accounting office, the United States of America will attain the dubious mark of owing approximately one hundred trillion
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USA :: Economy
RON PAUL: INSIDE SOURCES TOLD ME THE FED IS PANICKING AT MASS AWAKENING
06-01-2010 3:50 pm - Paul Joseph Watson - PrisonPlanet
Appearing on The Alex Jones Show on May 26th, Congressman Ron Paul revealed that through his inside sources he had learned that the people who control the Federal Reserve are panicking
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USA :: Economy
HOW FEDERAL POLICY TRIGGERED THE MORTGAGE MELTDOWN
05-29-2010 4:16 pm - Carl Horowitz
There’s a giant paradox in the nation’s housing market now. Mortgage interest rates have fallen to near all-time lows, yet homeowners as a whole are in a state of unease not
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USA :: Economy
HOW THE GULF OIL DISASTER COULD AFFECT THE U.S. ECONOMY
05-22-2010 7:00 pm - Terrence Aym
"Calling the Deepwater Horizon incident as significant an event as Hurricane Katrina, the Environmental Defense Fund ... called on Congress to pass a $4 billion emergency supplemental appropriation to restore coastal
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USA :: Economy
BEAT THE ECONOMY: HOW YOUR POCKET CHANGE MAY BE WORTH A SMALL FORTUNE
05-22-2010 2:21 am - Terrence Aym
You might—at this very minute—have a small fortune in your pocket or purse. In fact, it's estimated that several million Americans every year do, and they end up spending it as
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USA :: Economy
THE POSSIBILITY OF SABOTAGE BEHIND 1,000 POINT STOCK MARKET DROP
05-21-2010 4:13 am - Terrence Aym
Shortly before 3:00 p.m EST on Thursday, May 6th, something unprecedented occurred on the New York Stock Exchange. Without warning, in under six minutes, the market plunged almost 1,000 points. Floor
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USA :: Economy
THE GOVERNMENT AS IDENTITY THIEVES
05-17-2010 11:01 pm - Ron Paul
The spotlight remains on the Greek sovereign debt crisis as the riots continue. The terms of the Greek bailout from the IMF and Eurozone countries remain contentious with citizens on all
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USA :: Economy
MANIPULATION, NOT ERROR, BEHIND MARKET PLUNGE
05-08-2010 5:44 pm - Cliff Kincaid
The major media say the chaos on Wall Street was the result of a “trader error, possibly a typo,” as the Washington Post put it. Some reports claim the culprit was
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USA :: Economy
WASHINGTON TAKES A BREAK FROM PORN SURFING TO BAILOUT WALL STREET
04-29-2010 5:25 pm - Ann Coulter
Democrats have decided that in order to prevent Wall Street from starting more financial meltdowns, wrecking the economy and leaving the American taxpayer holding the bag, we need to give more
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USA :: Economy
SEC ACCUSES GOLDMAN SACHS OF DEFRAUDING INVESTORS
04-18-2010 7:41 pm - Marcy Gordon, AP Business Writer
WASHINGTON (AP) -- The government on Friday accused Wall Street's most powerful firm of fraud, saying Goldman Sachs & Co. sold mortgage investments without telling the buyers that the securities were
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USA :: Economy
FACING UP TO A PENSION CRISIS (in the USA)
04-11-2010 5:52 pm - George Will
WASHINGTON -- A puzzle from Philosophy 101: If a tree falls in a forest and no one hears it, does it make a sound? A puzzle from the prairie: If an
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USA :: Economy
GOVERNMENT AND GASOLINE
04-06-2010 3:51 pm - Ron Paul
As we head into the summer driving season and gasoline prices are again creeping up, the administration has announced plans to explore opening up more off-shore areas for exploration and drilling.
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