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Economy - Economics USA

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bizJournals.com

“We remain focused on building sustainable success, not only on short-term results (and) we will continue to assess our overall staffing needs. Any decisions or actions will be shared directly with employees,” it said.

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Future of Freedom Foundation

"Can do" and "ought to" are two separate questions. Should something be done just because it can and can something be done even if we should? GMU Econ Professor Peter Boettke brilliantly pursues the answers.

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Washington Post

The Treasury Department is dramatically expanding the scope of its bailout of the financial system with a plan to take ownership stakes in the nation's insurance companies, signaling new concerns about a sector of the economy whose trouble

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Washington Post

The hedge fund industry, a once-unstoppable profit machine that has already lost more than $200 billion in value this year, could shrink by a quarter or more as the global financial crisis deepens, according to industry analysts and fund managers.

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SFgate.com

Statewide, the number of homes repossessed soared 228.4 percent over last year to 79,511 during the third quarter, according to MDA DataQuick. That's the largest number of foreclosures since the San Diego research firm began tracking foreclosures

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news.Yahoo.com

Chrysler LLC said Friday it will cut 25 percent of its salaried work force starting next month, and the automaker warned that it will make more restructuring announcements in the near future.

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Murray N. Rothbard via LewRockwell.com

The White House and its leadership assured them that this breach in principle would be their last: that it was necessary for one last increase in the debt limit to give President Reagan a chance to bring about a balanced budget and to begin to reduce

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Karen De Coster for LewRockwell.com

Buffett writes, "Buy American. I Am." He goes on to say that Americans should not panic and flee equities, but instead, they should buy them. That's right – Warren Buffett wants people to buy equity stakes in American companies.

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Snopes

Snopes researches the issue and tells us another story... (besides,... I think that the Amero is going to be skipped and we'll see the 'Worldo' before Bush leaves office)

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news.yahoo.com/s/ap

Nationwide, nearly 766,000 homes received at least one foreclosure-related notice from July through September, up 71 percent from a year earlier, said foreclosure listing service RealtyTrac Inc.

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Washington Post

$23.9 billion quarterly loss is the largest ever for a bank and, coming on top of $10 billion of losses earlier this year, wipes out nearly all the profits the firm has earned since the merger of two banks formed modern Wachovia in 2001.

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By The Mogambo Guru - Asia Times

The morons in the eurozone have just been given another reminder that continuing to create excessive amounts of money and credit is suicide-by-inflation

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smartmoney.com

Crude oil futures fell to a fresh 16-month low Wednesday, pressured by a surging dollar and significant gains in U.S. petroleum stockpiles. Light, sweet crude for December delivery -- the new front month -- traded as low as $67.50 a barrel

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