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Unemployment in U.S. Increases to 8.5%, 25-Year High (Bob Willis)
April 3 (Bloomberg) -- The U.S. unemployment rate climbed in March to the highest level since 1983 and the economy lost more than 650,000 jobs for a fourth consecutive month, a sign renewed ...
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Mortgage Rates in U.S. Decline to Record Low of 4.78% (Brian Louis)
April 2 (Bloomberg) -- Fixed mortgage rates in the U.S. fell to a record low for the second consecutive week, signaling that Federal Reserve Chairman Ben Bernanke’s effort to spur the housing market ...
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US House Prices Down 29% And Falling Fast (Ambrose Evans-Pritchard)
March 31, 2009 -- U.S. house prices have fallen 29 percent from their peak and are still tumbling at the fastest rate on record, according the closely watched Case-Shiller index.
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G-20 Agrees to Regulatory Crackdown, Bolsters IMF Resources (Simon Kennedy and Kitty Donaldson)
April 2 (Bloomberg) -- World leaders agreed on a regulatory blueprint for reining in the excesses that fed the worst financial crisis in six decades and pledged more than $1 trillion in emergency ...
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U.S. food stamp list swells to record 32.2 million (Reuters)
WASHINGTON (Reuters) - A record 32.2 million people -- one in every 10 Americans -- received food stamps at latest count, the government said on Thursday, a reflection of the recession now in its ...
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Protestor Dead (Michael Greenwell)
A protestor has died at the G20 protests in London. I have little hope of finding out what actually happened.
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Obama's Coded Message To Bank Execs (Darrell Delamaide)
Be afraid, be very afraid, government hints
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Home Prices in 20 U.S. Cities Fell by a Record 19% (Shobhana Chandra)
March 31 (Bloomberg) -- Home prices in 20 U.S. cities fell 19 percent in January from a year earlier, the fastest drop on record, as demand plummeted and foreclosures rose.
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Russia backs return to Gold Standard to solve financial crisis (Ambrose Evans-Pritchard)
Russia has become the first major country to call for a partial restoration of the Gold Standard to uphold discipline in the world financial system
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My Manhattan Project -- How I helped build the bomb that blew up Wall Street (Michael Osinski)
I wrote the software that turned mortgages into bonds
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In Praise Of Carolyn Baker's 'Sacred Demise,' (Sharon Astyk)
Despite the fact that its unflinching honesty takes away denial as a choice, Sacred Demise leaves us better off than before. And what more can one say about a book?
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