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Bringing Down Bear Stearns (Bryan Burrough)
On Monday, March 10, the rumor started: Bear Stearns was having liquidity problems. In fact, the maverick investment bank had around $18 billion in cash reserves. But soon the speculation created ...
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JP Morgan ‘brought down’ Lehman Brothers (Iain Dey, Danny Fortson)
JP MORGAN has been accused by its Wall Street rivals of dealing the final hammer blow that forced Lehman Brothers into collapse in a sensational claim that threatens to spark a colossal legal ...
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The Struggle for Single-Payer -- An interview with Katie Robbins of Healthcare-NOW! (Mickey Z.)
(World News Trust) -- My fellow Big Apple resident Katie Robbins is one of the lucky few able to make organizing and movement-building a full time job. She’s worked on projects with Food Not Bombs ...
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The Choice (The New Yorker -- Editorial)
(The New Yorker) -- This election presents a clear choice.
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Huge Offshore Wind Farm Wins Approval (Ken Belson)
(New York Times) -- Regulators in New Jersey on Friday awarded rights to build a huge offshore wind farm in the southern part of the state to Garden State Offshore Energy, a joint venture that ...
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U.S. Stocks Drop as Recession Concern Outweighs Bailout Passage (Eric Martin)
(Bloomberg) -- U.S. stocks slid, capping the worst week for the Standard & Poor's 500 Index since the 2001 terrorist attacks, on concern the $700 billion bank bailout isn't enough to unlock credit ...
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Bank-Rescue Plan Wins Approval as House Reverses Vote (Christopher Stern and Laura Litvan)
(Bloomberg) -- Congress passed a $700 billion financial-market rescue plan designed to unlock credit markets, reversing a rejection that sent global stock markets plunging and threatened to worsen ...
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On The New York Times Assessment Of The Vice-Presidential Debate (John Edminister)
(World News Trust) -- As it turned out, I listened to some of last night's presidential debate on NPR, and I think this morning's New York Times editorial gives a very fair assessment of what I ...
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Commodities Head for Biggest Weekly Decline in Over 50 Years (Glenys Sim)
(Bloomberg) -- Oil, copper, and corn drove commodities toward their biggest weekly decline in more than 50 years on concern that the worst financial crisis since the Great Depression will push the ...
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Financial and Corporate System is in Cardiac Arrest (Nouriel Roubini)
The Risk of the Mother of All Bank Runs
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Crisis Hits Main Street as Employers Cut More Jobs (Shobhana Chandra, Rich Miller)
Oct. 3 (Bloomberg) -- U.S. payrolls plunged in September, signaling the economy may be heading for its worst recession in at least a quarter century as the 13-month-old credit crisis on Wall Street ...
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