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Economy - Economics USA

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Econ Talk

Eric Raymond, author of The Cathedral and the Bazaar--why open source software has been so successful, the culture of open source, what makes open source so likely to thrive, and the Hayekian nature of the open source process.

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OfTwoMinds.com

Let's move on to April 15--tax day. As another sole proprietor recently told me, "The government is in for a shock on April 15." Why? Because he and a few million other sole proprietors/small businesspeople will be reporting losses inst

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SafeHaven.com

As I have been pounding the table about, a credit crisis and imploding balance sheets, a housing crisis, and a massive earnings shortfall that yields a relentless stock market drop are all independently deflationary. The combined forces are massively

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CNBC.com

The new bank bailouts are not likely to work because they are run by the same people who prolonged the economic agony by throwing money at weak companies rather than allowing them to fail and encouraging the strong ones, Marc Faber, the publisher...

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Reuters

The FBI and the U.S. Securities and Exchange Commission have joined the search and investigation for Arthur Nadel, president of Scoop Management Inc, whose reported disappearance was followed 2 days later by complaints from investors who said

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news.yahoo.com/s/ap/

Buffett said Americans are in a cycle of fear, "which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time."

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Reuters.com/

Some analysts warn that fear may hit new extremes in a second round of the global financial crisis as the costs of government bailing outs send bond yields spiking, crippling the global economy and contributing to yet more failures of banks and compa

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ChrisMartenson.com

This set of short videos called Crash Course explains our predicament so well. Anyone will be able to clearly understand what's happening. You'll want to forward them to all your family and friends.

News Link • Global Reported By Trouser Chili
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Peter Schiff at europac.net

The Federal Reserve (Fed) has gone beyond playing with fire, and may have indeed set the house on fire. It’s one thing to push interest rates to near zero to stimulate the economy; it’s another to “monetize the debt” by printing money to buy governme

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CNBC.com

Electronics retailer Circuit City Stores reached an agreement with liquidators on Friday to sell the merchandise in its 567 U.S. stores after failing to find a buyer or a refinancing deal.

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Bloomberg.com

“The debtors’ restaurants primarily are located in some of the areas hardest hit by the mortgage crisis, causing consumers in those markets to cut back on discretionary spending,” Lisa Poulin, ARG’s chief restructuring officer...

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President-elect Barack Obama claims his economic stimulus plan will create over 3 million jobs. How did he arrive at that number? Well, his economic team fell into a hole and figured a way out.

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bankimplode.com/blog/

Coming soon to a town square near you. Does there remain any doubt that the preparations for martial law are for real? As soon as Americans realize they’ve been shafted by TARP and there’s no legal recourse, they will move to the streets pitchforks a

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