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The Real Crime in the Bailout -- Naked CDS Deals (Cenk Uygur)
March 27, 2009 (Huffington Post) -- The size of our national economy this year is roughly $15 trillion. The size of the Credit Default Swaps (CDS) market is $64 trillion. The whole world GDP is ...
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The Quiet Coup (Simon Johnson)
The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has ...
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Netanyahu and the ‘Future of the Peace Process’ (Ramzy Baroud)
March 27, 2009 (World News Trust) -- It seems that the Palestinian-Israeli "peace process" is in serious jeopardy. At least, this is the immediate impression one gleans from media reports from ...
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Welcome to Fuffland! (Dmitry Orlov)
March 22, 2009 (Club Orlov) -- In the unfolding global financial collapse, it is not just our accounts and balance sheets that come up short, but our language as well. What do you call a bunch of ...
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Galloping With Blinkers On (John Michael Greer)
March 25, 2009 (Archdruid Report) -- Making sense of history as it happens is a bit like trying to put together a jigsaw puzzle without any idea of the picture the puzzle will show. A blue piece ...
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U.S. Fixed Mortgage Rate Falls to Lowest on Record (Brian Louis)
March 26 (Bloomberg) -- The U.S. 30-year fixed mortgage rate fell to 4.85 percent, the lowest on record, on a government plan to increase purchases of mortgage-backed bonds and buy up to $300 ...
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Administration unveils financial system overhaul (Martin Crutsinger)
March 26, 2009 -- WASHINGTON (AP) -- The Obama administration Thursday unveiled a sweeping overhaul of the financial system designed to impose greater regulation on major players like hedge funds.
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U.S. Economy Contracts 6.3%, Profits Decline 16.5% (Shobhana Chandra)
March 26 (Bloomberg) -- The U.S. economy shrank in the fourth quarter more than previously estimated, leading to the biggest plunge in corporate earnings in a half century and underscoring why ...
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Despite Obama’s Vow, Combat Brigades Will Stay in Iraq (Gareth Porter)
March 25, 2009 -- WASHINGTON (Inter Press Service) -- Despite President Barack Obama's statement at Camp LeJeune, North Carolina Feb. 27 that he had "chosen a timeline that will remove our combat ...
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'We're All In This Together' No We Are Not, That's The Point (Cindy Sheehan)
March 25, 2009 (Information Clearing House) -- President Obama basically said that we can't demonize every investor who earns a profit, because "we are all in this together." Sorry, but I am going ...
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Guantanamo Bay Detainee Offered Freedom For Silence On Torture (William Fisher)
NEW YORK, Mar 24 (IPS) - A British court ruled that U.S. authorities had asked a Guantanamo Bay detainee to drop allegations of torture in exchange for his freedom.
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