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Economy - Economics USA

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Bloomberg.com

Las Vegas Sands' rush to raise capital ``points to the deterioration of fundamentals, not just for the company, the fundamentals of Las Vegas,'' said Dennis Farrell, a debt analyst with Wachovia

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CalculatedRisk.blogspot.com

Gov. Arnold Schwarzenegger unveiled a plan today for a steep sales tax increase, new levies on alcoholic drinks and the oil industry, and deep cuts in services to wipe out a budget shortfall that is expected to swell to more than $24 billion by the m

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Broc Lee the Blog

Yep, 420+ Phoenix residents will soon be in the unemployment line as their jobs have been shipped overseas to Indonesia and Malaysia starting late this year. (Honeywell is having company wide meeting TODAY!)

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MrMortgage.ml-implode.com

Meredith Whitney spoke to Maria from the trading floor. She was sharp as usual, talking about the banks. She gave her predictions for the future of the financials and was especially poignant on Wells Fargo, predicting $20 per share.

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www.wsws.org

Sales of new vehicles in the US plummeted in October as consumers—hit by growing unemployment, falling income and tighter credit—sharply reduced purchases of cars and trucks. Sales fell by a staggering 31.9 percent last month over the previous year i

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AP

A case of post-election nerves sent stocks plunging Wednesday as investors, again anxious about a recession, began questioning what impact a Barack Obama presidency will have on business and the overall economy. Dow Jones dropped 486 points and the m

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Reuters.com

U.S. private employers cut a larger-than-expected 157,000 jobs in October and the labor market will worsen in the months ahead, according to a report on wednesday by a private employment service.

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Bloomberg.com

``The consequences of a collapse by GM or all three would be very severe,'' he said. ``The impact would be widespread,'' with jobs lost by the companies and their suppliers.

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Michael Shedlock / Mish

MarketWatch, the Wall Street Journal, Hussman, MSNBC, and Barron's are all bullish on the stock market. That is pretty amazing optimism in the face of the collapse we have seen. Is such optimism warranted?

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"Fed Chairmen I've Known (and Fought)" Podcast of Ron Paul's talk at the Mises Institute. - "The Moral Hazard of Regulation" Ron Paul on how it really works. - "Why Ron Paul Didn't Win" But can. Article by Mi

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CalculatedRisk.blogspot.com

Ford Motor Co. ... said its U.S. sales fell 30 percent in October, the 23rd decline in the past 24 months. And Ford is probably in the best shape of the U.S. automakers.

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CalculatedRisk.blogspot.com

Due in part to its deteriorating liquidity position and the continued weak macroeconomic environment, the company has decided to take certain restructuring actions immediately, including closing 155 domestic segment stores...

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LondonBanker.blogspot.com

Whether a Neolithic tribe, a Celtic settlement, the mighty Roman Empire or the Soviet Union, history proves that a tendency to excess expropriation by the state undermines any incentive to investment and surplus production.

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PrisonPlanet.com

With recession a reality not a perception and consumer confidence at a record low—the package may be bigger and broader. But that doesn’t mean it will be any wiser or more likely to leave a lasting impression on the nation’s economy or psyche of cons

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