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US Payrolls Plunge; Economy May Enter Worst Recession Since '82 (Shobhana Chandra & Rich Miller)
(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 finally ...
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Paulson-Bernanke Steps Created `Big Ripples,' Leading to Rescue (Craig Torres, Eric Martin)
Oct. 3 (Bloomberg) -- The $700 billion rescue that the U.S. House considers today reflects the unintended consequences of decisions made by Treasury Secretary Henry Paulson and Federal Reserve ...
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Advantage Biden (Mary Lyon)
(World News Trust) -- I had help with this one. I watched Joe Biden and Sarah Palin square off, on CNN, specifically for that network’s audience meters. In this case, it was a group of undecided ...
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Ever Wonder What Is In The $800 Billion We Vote On Friday, Oct. 3? (William Chirolas)
(World News Trust) -- If you are like me, you occasionally wonder what our Congress is spending our tax dollars on. I’ve been searching for an official copy of the bill and the usual summary that ...
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Financial Crisis: So much for tirades against American greed (Ambrose Evans-Pritchard)
Ambrose Evans-Pritchard says it is ironic that European banks have turned out to be deeper in debt than their U.S. counterparts.
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Home Prices Fall in 24 U.S. Cities as Foreclosures Hurt Market (Sharon L. Lynch)
(Bloomberg) -- Home prices dropped in 24 of 25 U.S. metropolitan areas in July from a year earlier as foreclosures depressed property prices.
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The Bail Out In Plain English -- Joe Bageant
Joe Bageant --Yea though we walk in the valley of debt, we speak with the tongues of brokers Joe Bageant -- World News Trust Oct. 2, 2008 Any number of cultural historians have noted the American ...
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Libor Rises a Fourth Day as Banks Hoard Cash After Bill Passed (Gavin Finch and Lukanyo Mnyanda)
(Bloomberg) -- The cost of borrowing in dollars in London for three months rose for a fourth day, signaling that banks haven't started to lend after the U.S. Senate approved a $700 billion plan to ...
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Make-Believe Maverick (Tim Dickenson)
A closer look at the life and career of John McCain reveals a disturbing record of recklessness and dishonesty
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U.S. Senate Approves $700 Billion Financial-Rescue (Nicholas Johnston and James Rowley)
(Bloomberg) -- The U.S. Senate tonight approved a $700 billion financial-rescue plan that funds the biggest government intervention in the markets since the Great Depression. The package now goes to ...
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