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Economy - Economics USA

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AFP

A boom in exports and tax rebates to tens of millions of Americans helped bolster US economic growth to an annualized 1.9% during the second quarter, a government report showed. Although the economy improved, it still fell short of the 2.3% hoped for

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LewRockwell

While I have not read his book, these 2 passages go to the essence of the destructive nature of the political mindset: (1) "there can be little doubt that global warming is real and manmade;" and, (2) "[s]ometimes the duty of political

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New York Times

The parent company of Bennigan’s, an Irish-themed bar and grill with about 200 sites across the country, filed for bankruptcy, a move that will put hundreds of employees out of work and leave many landlords with empty retail space during a painful ti

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Ron Paul via LewRockwell.com

I have days – growing more frequent all the time – when I'm convinced the time is now upon us that some Big Events are about to occur. These fast-approaching events will not go unnoticed. They will affect all of us.

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BusinessWeek

These crackdowns by state and federal authorities are having their intended effect: They have combined with a sputtering economy to drive many immigrants out of the U.S., according to a forthcoming analysis by the Center for Immigration Studies.

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Reuters

Billion-dollar bankruptcies are at their highest in 5 years only half way through 2008, according to bankruptcy filing tracker BankruptcyData.com. A total of 7 US companies with more than a billion dollars in assets have filed for bankruptcy protecti

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AP

Home prices tumbled by the steepest rate ever. The Standard & Poor's/Case-Shiller 20-city index dropped by 15.8% in May compared with a year ago, a record decline since its inception in 2000. The 10-city index plunged 16.9%, its biggest decline i

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seekingalpha.com

Thursday's gloomy report on June home sales from the National Association of Realtors provided the market a reality check and knocked the major averages back a couple of percent while slamming bank stocks with nearly a 10% loss on the day.

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bigpicture.typepad.com

I found the charts at the end of the report particularly compelling -- they utterly demolish the calls for a real estate turnaround we heard last week from people who should know better.

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nakedcapitalism.com

This chart shows something that has gone vertical, something that is on a moon shot. If it were the GDP of Argentina in pesos I would agree that the moon shot could go on and on. But it is not the Argentine economy in domestic money terms.

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LewRockwell.com

Followers of the Austrian school of economics have warned that unless Congress moved to end the implicit government guarantee of Fannie Mae and Freddie Mac, and disengage the US Government from the housing market, America would face a crisis in hous

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Reuters

...and convene a meeting on Monday on the economy and the financial system. The discussion will include former Federal Reserve Chairman Paul Volcker, former U.S. Treasury Secretary Robert Rubin and billionaire investor Warren Buffett, chairman of Ber

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USA Today

The White House has increased next year's deficit to nearly $490 billion, a record figure that will saddle the next president with deepening budget problems in his first year in office, being driven higher by the fiscal stimulus package passed by

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Infinite Unknown

The National Australia Bank’s decision to write off 90 per cent of its US conduit loans will have dramatic repercussions around the world. Wall Street will be deeply shocked when they understand the repercussions of what NAB has done.

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theinternationalforecaster.com

The dollar would collapse, along with our economy, and stock, bond and derivative markets would be devastated. The public would be left holding the bag, as happened in the days leading up to the Stock Market Crash of 1929 and the ensuing Great Depre

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East Valley Tribune

28 branches of 1st National Bank of Nevada and First Heritage Bank, operating in Nevada, Arizona and California, were closed Friday by federal regulators. The banks, owned by Scottsdale-based First National Bank Holding Co., were scheduled to reopen

JonesPlantation