Contents Pages by Subject

Economy - Economics USA

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CNBC.com/

The Nobel Prize ceremony, Krugman said plans by U.S. lawmakers to bail out the Big Three automakers were a short-term solution, resulting from a "lack of willingness to accept the failure of a large industry in the midst of an economic crisis.**

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PrisonPlanet.com

Technical difficulties or deliberate censorship? CNN does not usually afford a soapbox to Peter Schiff because he’s one of a rare breed of financial analysts, he can actually identify the root of the problem - the Federal Reserve.

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Bloomberg.com

Payrolls plunged by 533,000 last month, the biggest loss since December 1974, after shrinking a revised 320,000 the prior month, the Labor Department said today in Washington. November’s losses exceeded all 73 forecasts in a Bloomberg News survey.

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Washington Post

Retailers posted the worst November sales in more than 30 years yesterday, as holiday shopping not only failed to lift the economy but showed that the financial crisis is further distressing everyday consumers.

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I might have developed an allergy at this point, as Christmas music in any commercial setting makes me irritable, then antisocial and ultimately borderline homicidal.

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Financial Times

China Investment Corp, the country’s sovereign wealth fund, will no longer risk investing in western financial institutions because of concerns about their viability and a lack of consistency in their governments’ policies, according to its chairman.

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Rawstory.com

If Paulson were to request the next installment, he likely would do so next week, the paper said on its website. And if market conditions deteriorate further, he would do so despite disagreements with lawmakers about how to use the funds.

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Associated Press - MyWay

United Auto Workers voted overwhelmingly Wednesday to make concessions to the struggling Detroit Three, including all but ending a much-derided program that let laid-off workers collect up to 95 percent of their salaries.

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