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Americans buy iPads while broke in new abnormal economy
[ 2010-08-02 12:37 ] - Posted by ``-_-´´
...the new abnormal has given rise to a nation of schizophrenic consumers.
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Dow Jones plunges 1,000 points
[ 2010-05-06 07:00 ] - Posted by ``-_-´´
......after the sovereign debt crisis erupted into panic selling in New York.
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The hell-in-a-handbasket ride
[ 2010-03-01 09:45 ] - Posted by ``-_-´´
...joke.
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China clamps down on rare earth exports
[ 2010-02-22 05:59 ] - Posted by ``-_-´´
...neodymium is one of 17 metals crucial to green technology. there's only one snag - China produces 97% of the world's supply. and they're not selling.
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Iran replaces Dollar with Euro in FX
[ 2009-09-23 01:48 ] - Posted by anonymous
...Iran`s President Mahmoud Ahmadinejad has ordered the replacement of the US dollar by the euro in the country`s foreign exchange accounts.
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China plans ban or restriction on rare metal exports
[ 2009-09-09 14:53 ] - Posted by ``-_-´´
...Beijing is drawing up plans to prohibit or restrict exports of rare earth metals that are produced only in China and play a vital role in cutting edge technology.
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UN wants new global currency to replace dollar
[ 2009-09-09 07:05 ] - Posted by ``-_-´´
...the dollar should be replaced with a global currency, the United Nations has said, proposing the biggest overhaul of the world`s monetary system since the Second World War.
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Beijing to pitch new "GLOBAL" currency and dump the Dollar
[ 2009-03-25 09:38 ] - Posted by ``-_-´´
...China's central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund.
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Malaysian plan to oust foreign workers
[ 2009-03-01 02:49 ] - Posted by ``-_-´´
...a senior minister says the government wants to send back 60% of Malaysia`s two million foreign workers.
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Rescued banks sought goreign help during meltdown
[ 2009-02-02 13:39 ] - Posted by anonymous
...US banks sought permission to bring thousands of foreign workers into the country under the H-1B visa program, even as the banking system was melting down and Americans were being laid off. The dozen banks now receiving the biggest rescue packages, totaling more than $150 billion, requested visas for more than 21,800 foreign workers over the past six years.
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The banks were just three hours from collapse
[ 2009-01-27 03:18 ] - Posted by ``-_-´´
...Britain was just three hours away from going bust last year after a secret run on the banks, one of Gordon Brown`s Ministers has revealed.
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Porn industry seeks federal bailout
[ 2009-01-12 10:21 ] - Posted by ``-_-´´
...another major American industry is asking for assistance as the global financial crisis continues: Hustler publisher Larry Flynt and Girls Gone Wild CEO Joe Francis said Wednesday they will request that Congress allocate $5 billion for a bailout of the adult entertainment industry.
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Pigs get slaughtered
[ 2009-01-05 14:28 ] - Posted by ``-_-´´
..."It`s the fat pig that feels the butcher`s knife." - old chinese saying.
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The fed crisis preparedness video
[ 2008-12-18 10:23 ] - Posted by ``-_-´´
...the Federal Reserve Bank of Atlanta this past January released a video on crisis preparedness.
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Recession: Bank of England may have to print you a pocketful of cash to spend
[ 2008-12-15 08:34 ] - Posted by ``-_-´´
...this could mean a Bank of England Gold Card, it could mean a rebate cheque, it could even mean a bundle of notes arriving in the post. More prosaically, it could mean the Bank giving money to commercial banks for them to lend to customers.
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It`s a depression
[ 2008-11-30 19:56 ] - Posted by ``-_-´´
...few prominent economists will say it, but to me it looks and feels like we are in another Great Depression.
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Dubai runs out of gold
[ 2008-10-28 05:56 ] - Posted by anonymous
...financial controller from Siroya Jewellers, said a physical shortage of gold is happening worldwide.
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Financial Storm of the Century, or a Turning of the Tide?
[ 2008-10-17 15:51 ] - Posted by Stefan Fobes
...Why it is an insult a minute for Paulson to be US Treasury Sec., & why is it that as the banks are gearing down, the military in both Germany and the US is looking to deploy domestically?
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Iceland crisis: what does national bankruptcy mean?
[ 2008-10-12 10:28 ] - Posted by ``-_-´´
...Iceland`s problem stems from the huge debts its main banks have taken out. According to Thomson Reuters data, bank leader Kaupthing, together with top banks Landsbanki and Glitnir, owe a combined $62 billion in foreign currency debts.
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A little candy for little communism
[ 2008-10-08 06:02 ] - Posted by anonymous
..."Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety."
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Iceland risks bankruptcy
[ 2008-10-07 08:19 ] - Posted by ``-_-´´
...Iceland is in trouble. With credit markets frozen, the country is looking for a way to prop up its debt-laden banking system. The currency is already tanking as are stocks in some of its leading banks.
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U.S. urges global action on credit crisis
[ 2008-10-07 07:16 ] - Posted by ``-_-´´
...officials called for a "forceful and coordinated" global response to the credit crisis on Monday as financial market confidence cratered despite another heavy dose of central bank lending.
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Germany takes hot seat as Europe falls into the abyss
[ 2008-10-07 07:15 ] - Posted by anonymous
...we face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days. Nobody will be spared, unless they own gold bars.
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Crisis as bad as great depression or worse
[ 2008-09-19 14:04 ] - Posted by SONICWANDERER
...says nobel prize winning economist.
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Automated news crawling evaporates $1.14B
[ 2008-09-11 07:25 ] - Posted by ``-_-´´
...Google News crawled an obscure reprint of an article from 2002 when United Airlines was on the brink of bankruptcy.
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Ron Paul warns of worldwide economic collapse
[ 2008-08-29 03:56 ] - Posted by ``-_-´´
...video.
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World`s largest gold refiner runs out of Krugerrands
[ 2008-08-29 03:45 ] - Posted by ``-_-´´
...Rand Refinery Ltd., the world`s largest gold refinery, ran out of South African Krugerrands after an ``unusually large´´ order from a buyer in Switzerland.
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World`s largest coin
[ 2008-08-21 09:03 ] - Posted by ``-_-´´
...members of the public gasped at the sight of the Canadian Maple Leaf which is made of 99.999% pure gold. It weighs 100 kg and is worth over a £1 million.
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The wise use of credit
[ 2008-06-07 05:23 ] - Posted by ``-_-´´
...The mushroom people. Mushrooms are kept in the dark and fed manure.
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The Nasdaq bubble
[ 2008-05-13 20:12 ] - Posted by ``-_-´´
...From 1996 to 2000, the Nasdaq went from 600 to 5,000! Dot-com companies run by people who were barely in their 30`s, were going public and raising hundreds of millions of dollars of capital.
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US : Rice rationing
[ 2008-04-23 14:24 ] - Posted by ``-_-´´
...The cost of a 50-pound sack of jasmine rice has soared to $21.99. There have been so many buyers flocking a Costco in Mountain View that two other brands of rice were completely sold out Monday.
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Feeling the bite of food prices
[ 2008-04-07 22:48 ] - Posted by ``-_-´´
...Food prices have risen more quickly than at any time in the past 20 years in a burst of inflation... High oil prices, the push for alternative fuels and global demand for food are driving the trend.
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USA : Experts predict record number of food stamps as economy slumps
[ 2008-04-07 22:46 ] - Posted by ``-_-´´
...Experts are predicting that the USA will soon have the greatest number of food-stamp recipients since the federal program began in the 1960s, according to The New York Times.
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A crude source of welfare
[ 2008-04-07 22:45 ] - Posted by ``-_-´´
...If you want to see how a gold standard would work in practice, look no further than the famous board game, Monopoly... with gold money; under a fixed money supply there is never any inflation in the general level of prices!
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Running low on food ?
[ 2008-04-07 21:35 ] - Posted by ``-_-´´
...I've been having a creeping suspicion that food prices in the supermarket have been increasing over the past few months and other friends seem to share this opinion.
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Gold back above $900 an ounce as dollar loses steam
[ 2008-04-03 12:17 ] - Posted by ``-_-´´
...Gold futures edged higher Wednesday, after two sessions of sharp losses, with the dollar losing steam after Federal Reserve Chairman Ben Bernanke said the U.S. economy might contract in the first half of the year.
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U.S. economy could even contract in the first half, Fed chief says
[ 2008-04-03 12:11 ] - Posted by ``-_-´´
..."It now appears likely that real gross domestic product will not grow much, if at all, over the first half of 2008 and could even contract slightly," Bernanke said in testimony prepared for the Joint Economic Committee of Congress.
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Wall Street to shed 20,000 jobs as crunch hits
[ 2008-03-27 20:50 ] - Posted by ``-_-´´
...New York is expected to lose more than 20,000 financial sector jobs by the end of next year as Wall Street is hit heavily by the credit crunch, according to a new report.
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Counting down to doomsday? Hold that thought.
[ 2008-03-27 20:48 ] - Posted by ``-_-´´
...Get ready for a deja vu kind of day. Even if you might not get ready for a replay of 1929 just yet.
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Credit crunch makes rate cut more likely
[ 2008-03-26 13:51 ] - Posted by ``-_-´´
...The financial crisis has moved into a new and difficult phase. Across the world, confidence in financial markets is fragile.
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Gold still shines, even though it has hit $US1000 an ounce
[ 2008-03-17 01:59 ] - Posted by ``-_-´´
...For the first time, gold traded above $US1000 an ounce.
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Worldwide stock markets can decline more than 80% in the next twenty years as economies in US, India and China collapse
[ 2008-03-05 22:31 ] - Posted by ``-_-´´
...The liquidity drove these markets higher, the lack of it will drive these markets down too. The bulls came out with a trumpet and declared the correction of 3% in Dow is over. Let us analyze what is happening.
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Chocolate bunnies
[ 2008-03-05 22:30 ] - Posted by ``-_-´´
...Chocolate bunnies will vote for an Easter heatwave before policy-makers vote to defend the value of money.
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$5,000 Gold ?
[ 2008-03-05 22:28 ] - Posted by ``-_-´´
...Just like beauty, the value of gold and the Dollar are in the eye of the beholder...
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Run for the hills
[ 2008-02-23 11:19 ] - Posted by ``-_-´´
...Among his more colorful recommendations: "Buy a few local non-rare gold coins of whatever country you are in for emergency/barter use, smallest denominations ... Keep 6-12 months cash at home/ office/ lawyer-doctor office. Pretend an emergency is coming, because it may be."
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It`s rough out there
[ 2008-01-28 11:43 ] - Posted by ``-_-´´
...The financial storm that blew up in America`s subprime mortgage market last year has become a hurricane.
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Asia-Pacific and European stocks down again on US recession fears
[ 2008-01-28 11:40 ] - Posted by ``-_-´´
...Market sentiment is still dominated by US recession fears and interest-rate futures show traders expect the Fed will cut rates by an additional half percentage point to 3.0% on Jan 31st.
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Dark time for mines
[ 2008-01-28 11:39 ] - Posted by ``-_-´´
...A confluence of supportive factors gave gold prices a continuing support as the trading week drew to a close. Chief among the market`s assisting drivers was the news that power shortages in S.Africa have disrupted and/or shut down several mining operations.
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S.Africa unlikely to be top gold producer again
[ 2008-01-23 00:50 ] - Posted by ``-_-´´
...outh Africa surrendered its crown as the world`s biggest gold producer last year to China, marking a changing of the guard and confirming analysts` concerns about the country`s dwindling ore grades.
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US : Federal Reserve slashes rates on day when chaos reigned supreme
[ 2008-01-23 00:49 ] - Posted by ``-_-´´
...The biggest single cut in US interest rates for more than two decades was not enough to avoid a wave of panic selling on Wall Street today, but helped London shares to claw back some of yesterday`s losses.
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Markets go into freefall
[ 2008-01-22 10:59 ] - Posted by ``-_-´´
...Market panic as world stocks slump
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Gold, Silver decline in Asia as dollar gains, equities tumble
[ 2008-01-22 10:59 ] - Posted by ``-_-´´
...Gold extended its fall in Asia after the biggest one-day decline in almost six weeks yesterday as the dollar gained and some investors sold commodities to cover losses in equities. Silver was little changed.
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The end of a powerful week in finance
[ 2008-01-19 02:42 ] - Posted by ``-_-´´
...Gold will rise to $1650 as an almost immediate effect of what will be done to attempt to fend off a total panic starting to take place in general equities, therein threatening to be followed by all credit markets of all kinds.
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Inflation : as the price of gold approaches the historic $1,000 level
[ 2008-01-17 09:53 ] - Posted by ``-_-´´
...Holding onto its "all is well" bias like a terrified cowboy on an enraged bull, Wall Street has managed to convince itself, and much of the world, that inflation is a non-issue... but is it really true ?
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Money as debt
[ 2008-01-16 22:17 ] - Posted by ``-_-´´
...Paul Grignon`s 47-minute animated presentation of "Money as Debt" tells in very simple and effective graphic terms what money is and how it is being created.
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China v the United States: The economic comparison
[ 2008-01-14 13:56 ] - Posted by Tuna
...Will the 21st century see the emergence of China as a global superpower to challenge the US?
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Gold hits record above $910
[ 2008-01-14 13:56 ] - Posted by ``-_-´´
...Gold surged to a historic high above $910 an ounce, as investors rushed in to buy the metal on further weakness in the dollar and expectations of a sharp cut in U.S. interest rates.
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China`s economic success
[ 2008-01-13 11:14 ] - Posted by ``-_-´´
...Contrary to popular wisdom, China`s rapid growth is not hugely dependent on exports.
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Goldman Sachs forecasts a US recession in 2008
[ 2008-01-10 10:23 ] - Posted by ``-_-´´
...Goldman Sachs, the US investment bank, said today that in reaction to recent US economic data including last Friday`s December jobs report, that it expects a recession this year with the Fed responding with substantial cuts to the federal funds rate.
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Gold futures end up after setting new record high
[ 2008-01-10 10:16 ] - Posted by ``-_-´´
...Gold for February delivery earlier soared to $894.40 an ounce in electronic trading on the New York Mercantile Exchange, beating the previous record of $883.80 an ounce set Tuesday. The new high remains considerably lower than the inflation-adjusted peak of about $2,200 per ounce.
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Already in a recession ?
[ 2008-01-08 07:33 ] - Posted by ``-_-´´
...Other Wall Street economists have said much the same thing... "The key question now is how deep the recession will be and how long it will last," wrote Richard Berner and David Greenlaw, economists for Morgan Stanley, in a note to clients on monday.
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Flight to gold as investors lose faith in money
[ 2008-01-07 03:48 ] - Posted by ``-_-´´
...The last time gold touched $850 an ounce, the world was visibly spiralling out of control.
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What will shake the business world in 2008?
[ 2008-01-07 03:40 ] - Posted by ``-_-´´
...Northern Rock is already one of the biggest political embarrassments for Labour since it returned to power a decade ago, but the blushes of Gordon Brown and Alistair Darling won`t be spared in 2008.
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Biggest drop for sterling ( pound £ ) since `92
[ 2008-01-07 03:38 ] - Posted by ``-_-´´
...The pound suffered its weakest annual performance for 15 years in 2007, as markets bet that 2008 will be a miserable one for the British economy.
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Why the era of cheap food is over
[ 2008-01-07 03:34 ] - Posted by ``-_-´´
...Corn, milk, bread, and other farm products hit record high prices in 2006 - and will likely keep rising in 2008.
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Oil: The power to shock
[ 2008-01-07 02:34 ] - Posted by ``-_-´´
...The price of oil passed $100 a barrel for the first time this week, in the clearest sign yet that the era of cheap oil is over. But how high will it go and what effect will it have on the global economy?
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U.K. Banks plan to tighten all lending
[ 2008-01-07 01:57 ] - Posted by ``-_-´´
...U.K. banks told the Bank of England they plan to make fewer loans to consumers and companies in the first quarter, threatening to deepen the economic slowdown.
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Gold posts biggest annual rise in three decades
[ 2008-01-01 21:29 ] - Posted by ``-_-´´
...Settles $15 U.S. away from the metal`s all-time high.
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The panic about the dollar
[ 2007-12-11 10:33 ] - Posted by ``-_-´´
...A full-blown dollar collapse would be disastrous.
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Naked short stock sales
[ 2007-12-08 06:25 ] - Posted by ``-_-´´
...Millions of shares of stock are being sold that may not exist. How? Through an obscure trading strategy known as naked short selling. Bloomberg Television`s Special Report hosted by Mike Schneider explains what the strategy is, how it`s executed, which companies are targets, and what the SEC is trying to do to control it.
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Oil jumps after U.S. mortgage plan; natural gas up
[ 2007-12-06 22:36 ] - Posted by ``-_-´´
...Crude-oil futures jumped nearly $3 to close above $90 a barrel on speculation a U.S. plan to freeze some subprime mortgage rates will prevent the U.S. economy from a slowdown, increasing oil demand from the world`s largest crude consumer.
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China may exhaust existing gold mines in six years
[ 2007-12-06 19:16 ] - Posted by ``-_-´´
...China, poised to overtake the US as the second-biggest gold producer this year, must acquire more bullion assets overseas because existing mines will run out of ore in six years.
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