Economy
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The Corporatocracy: Bailouts Serve The Creditors; Enslave the Debtors (John Perkins)
The corporatocracy -- Bailouts Serve the Creditors; Enslave the Debtors Aug. 5, 2011 (Information Clearing House) -- As I write this, I am watching the economic chaos in Greece. I’m sure we’re all ...
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America In Decline -- Noam Chomsky
Aug. 6, 2011 (Information Clearing House) -- “It is a common theme,” that of the United States -- which “only a few years ago was hailed to stride the world as a colossus with unparalleled power and ...
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U.S. Stocks Post Biggest Gain Since March 2009 (Rita Nazareth)
Aug. 9, 2011 (Bloomberg) -- U.S. stocks rose, capping the biggest rally in more than two years for benchmark indexes, as the Federal Reserve said it was prepared to use a range of tools to bolster ...
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Fed to Keep U.S. Interest Rates at Record Lows (Jeannine Aversa and Scott Lanman)
Aug. 9, 2011 (Bloomberg) -- The Federal Reserve pledged for the first time to keep its benchmark interest rate at a record low at least through mid-2013 to revive a recovery that’s “considerably ...
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S&P Cuts AAA Muni Ratings Linked to U.S. (Sarah Frier and Michelle Kaske)
Aug. 9, 2011 (Bloomberg) -- Standard & Poor’s lowered the AAA ratings of thousands of municipal bonds tied to the federal government, including housing securities and debt backed by leases, ...
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Stocks Fall, Oil Sinks (Stephen Kirkland)
Aug 9, 2011 (Bloomberg) -- European stocks fell for an eighth day, the longest losing streak since 2003, U.S. index futures swung between gains and losses and oil sank below $80 a barrel before a ...
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U.S. Stocks Drop as S&P Rating Downgrade Sparks 'Panic Selling' (Rita Nazareth)
Aug 8, 2011 (Bloomberg) -- U.S. stocks retreated, following the biggest weekly drop in the Standard & Poor’s 500 Index since 2008, amid concern that a downgrade of the nation’s credit rating by S&P ...
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U.S. Stock Futures, Oil Plunge on U.S. Debt-Rating Downgrade; Gold Surges (Rita Nazareth and Nikolaj Gammeltoft)
Aug 7, 2011 (Bloomberg) -- Equity futures sank, signaling the market may extend its worst slump since the bull market began in 2009, while oil slid as the loss of the U.S.’s top credit rating fueled ...
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S&P Cuts U.S. Rating for First Time on Deficit Reduction Pact (John Detrixhe)
Aug 5, 2011 (Bloomberg) -- The United States had its AAA credit rating downgraded for the first time by Standard & Poor’s, which slammed the nation’s political process and said lawmakers failed to ...
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Competing Narratives in Syria: Between Tired Slogans and a Looming Dawn (Ramzy Baroud)
Ramzy Baroud -- World News Trust Aug. 4, 2011 -- There is no linear narrative capable of explaining the multifarious happenings that have gripped Syrian society in recent months. On March 23, as ...
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Sharp Fall In Consumer Spending, Manufacturing In U.S. (Andre Damon)
Aug. 3, 2011 (WSWS) -- Economic data released this week provides further evidence that economic growth in the United States has virtually come to a halt. The Commerce Department reported Tuesday ...
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