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Economy - Economics USA

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MarketWatch

NEW YORK (MarketWatch) -- Gold futures tumbled 4.3% Wednesday to the lowest level in one year, while copper futures were set for their worst year since 1988 in a broad sell-off that was sending stocks and commodities sharply lower.

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YouTube

Marc Faber said on 2008.10.13 that US longterm tresury bonds should have "junk" ratings and US government will go bankrupt, it's only a matter of time, sooner or later

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apnews.myway.com

LONDON (AP) - Oil prices fell below $70 a barrel Wednesday as investors shrugged off a looming OPEC production cut after company forecasts suggested the U.S. may be headed for a severe economic slowdown that would crimp demand for crude.

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USA Today

Many mayors have 10-year plans to end homelessness and had reported progress until this year. The most recent official count, in January 2007, found 671,888 people living on U.S. streets or in shelters, down 12% from January 2005.

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Reuters

A global recession may be around the corner and world labor markets have yet to feel the full impact of the credit crisis, the chief executive of global employment services company Manpower Inc. said. "The globe is finding its way into a recessi

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By taking a minority stake in financial services companies, the US Treasury has become the managing partner. We are, and will be, treated to a textbook example of how economies cannot be centrally-planned.

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BBC

"It's not possible for the eurozone to continue without clearly identified economic governance," he told the European Parliament on Tuesday. The leaders of the 15-nation eurozone should coordinate their actions with the European Central

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In the midst of highly unpopular bailouts of Wall Street, many justifications have been given about why Washington feels the need to act. Some claim that capitalism and the free market are to blame, but we have not had capitalism or a free market.

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onlineWSJ.com

Every other card issuer, from J.P. Morgan Chase & Co. to Capital One Financial Corp., is grappling with the same problems as more consumers shut their wallets and fall behind on their bills. American Express is especially vulnerable...

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Reuters

20 million jobs will disappear by the end of next year as a result of the impact of the financial crisis on the global economy. Construction, real estate, financial services, and the auto sector are most likely to be hit, according to the

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Forbes / Peter Robinson

"The problem with subprime assets is that nobody knows what they're worth. Friedman would have told you that bringing the government in wouldn't have helped that."

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