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New GDP Numbers Strongest Signal Yet The Country Has "Hurtled Into Recession"

A day after the Federal Reserve slashed a key interest rate to battle an economic downturn, the government reported Thursday the economy did shrink i[...] read more »
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New York May Lose 165,000 Jobs on Financial Woes

New York City may lose as many as 165,000 jobs, including 35,000 in the financial industry, as the impact of the credit crisis spreads throughout the[...] read more »
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How Fraud Led to the Financial Crisis of 2008

What follows is one of the real secrets to September’s stock market collapse. Once you understand what really happened last month, the events to come[...] read more »
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Next Victim of Turmoil: Your Salary

It is possible, for the first time in weeks, to imagine that the credit crisis may be about to ease. But one of the big lessons of the last year has [...] read more »
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How the Markets Really Work

Another example of humor that is deadly accurate.
Amazingly, this was recorded in 2007. [...] read more »
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The Relationship Between the Great Depression and the Financial Crisis of 2008

The depression of 1929 is the wrong model for the current economic crisis read more »
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Lessons From 10 Financial Crises of the Past

Financial crises are never fun. And they hurt even worst when they happen to your pocketbook. Which is what the people who run (or, more aptly, misgu[...] read more »
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Study says most corporations pay no U.S. income taxes

Most U.S. and foreign corporations doing business in the US avoid paying any federal income taxes, despite trillions of dollars worth of sales.[...] read more »
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Bill Gates predicts 9% unemployment

Microsoft's Bill Gates predicted the unemployment crisis could push the jobless rate above 9% for the first time in a quarter century.[...] read more »
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Slavery=Freedom: Bush:"Bank Buyout Needed to Preserve Free Markets"

In what may be the most Orwellian comment in history, President Bush just stated the "Bank Buyout Needed to Preserve Free Markets"[...] read more »
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Dollar value impacts BAE debt

BAE Systems cautioned that movements in the dollar over the summer had adversely affected its net dollar debt position but said trading was in line w[...] read more »
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Financial Crisis: What should I do with my money now inflation is so high?

Savers are suffering from negative real interest rates: the first time base rates have been below the rate of inflation since 1981 – the depths of th[...] read more »
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UK bank rescue: Gilt funding details announced

The Debt Management Office has given details of how the Government's £37bn bank bail-out scheme is to be funded through the gilts market. read more »
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European banks deny rush to raise capital

Leading banks in continental Europe on Tuesday insisted they did not need to take up the capital offered in the globally co-ordinated state rescue...[...] read more »
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Sorry Kids, but stocks are going to nosedive tomorrow

Asian stocks declined, a day after the region's benchmark index rallied the most in a decade, as concern earnings will deteriorate overshadowed a $2[...] read more »
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