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Obama: Economic Rescue Will Trump Deficit Fight

CHICAGO — The economy growing weaker, President-elect Barack Obama said Tuesday that recovery efforts will trump deficit concerns when he takes offic[...] read more »
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SMALL firms will today be given a £4billion lifeline to help them see out the slump.

Alistair Darling and Business Secretary Lord Mandelson are set to sign a deal with the European Investment Bank for a £1billion-a-year loan fund for [...] read more »
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Time to Change the Rules Rather Than Throw More Money at the Banks

Barack Obama has time to consider how his administration will minister to the ailing auto companies, as their demise will be protracted. In the real [...] read more »
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There's Only One End of the World... and This Isn't It

So here we are once again on the precipice, at least in terms of global stock markets and credit markets. Another bout of nail-biting panic is hardly[...] read more »
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Even Google scales back on holiday fun

SAN FRANCISCO (Reuters) - Internet search giant Google Inc is known for hosting the most extravagant holiday parties in Silicon Valley, often drawing[...] read more »
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Oil Falls To Lowest Price Since 2005

SINGAPORE — Oil prices fell to a 3-year low below $49 a barrel Friday in Asia as plunging stock markets, driven down by more bad U.S. economic news, [...] read more »
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The Simple Arithmetic of Hank Paulson's Financial Disaster

Financial markets just gave Hank Paulson a vote of no confidence. Unfortunately, it's the rest of us who will pay the price. As Paulson made clear t[...] read more »
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Big Three CEOs Flew Private Jets to Plead for Public Funds

The CEOs of the big three automakers flew to the nation's capital yesterday in private luxurious jets to make their case to Washington that the auto[...] read more »
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Detroit's Day of Reckoning (with Thanks to David Halberstam)

Well, it looks like the jig is up, the party's over, the lights are out and Detroit has left the building.
And instead of a $25 or $50 billion go[...] read more »
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Diving For Dollars and The Discount Window

The powerhouse credit card company American Express has just joined the storied list of financial firms converting to bank holding companies. Like Me[...] read more »
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A Wall Street Windfall Profits Tax

Until oil prices dramatically dropped in recent months, there was a lot of talk in Washington about once again imposing a windfall profits tax on oil[...] read more »
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Breaking: Landmark EPA Ruling Kills 30+ Planned Coal Plants

Wow. A decision by the Environmental Protection Agency today has ruled that all new and proposed coal-fired power plants must have their carbon dioxi[...] read more »
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Report from Last Week's World Economic Forum

Last week, I had the pleasure of participating in what the World Economic Forum founder, Klaus Schwab, described as the planet's largest brainstormi[...] read more »
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The Perfect Storm: False Prophets and Bad Advice

October, 2008 was a terrible month. For the prior twelve months, an all stock portfolio racked up losses of more than 43%. read more »
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Google shares below $300 for first time since 2005

SAN FRANCISCO (Reuters) - Shares of Google Inc on Wednesday fell below $300 for the first time since late 2005 after analysts lowered their estimates[...] read more »
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