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Economy - Economics USA

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Washington Post

The Obama administration is aiming to solve one of the toughest riddles at the heart of the financial crisis -- how to value the toxic assets weighing down the books of banks -- by setting up several funds to vie for these securities, sources familia

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NY Times

The people on the other end of the line often have no legal obligation to assume the debt of a spouse, sibling or parent. But they take responsibility for it anyway.

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Pro Liberate

If the secret to prosperity is simply to permit the government to spend money it doesn't have in any quantity our rulers can name on any project that pollutes their evil imaginations, why shouldn't they commission the construction of a huge f

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CNBC.com

The damage will be evident later this month when the Federal Reserve reports on household wealth in the fourth quarter, which will pick up where the third quarter left off. At $56 trillion, it was some 12 percent below what it was during its peak in

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This week, Congress and the administration once again showed their lack of economic understanding, as they ramped up spending to record levels. If spending was the solution, we never would have had a problem. During the last 8 years, we’ve

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Tim Paradis, AP Business Writer via Yahoo

NEW YORK (AP) -- A relentless sell-off in the stock market Monday blew through barriers that would have been unthinkable just weeks ago, and investors warned there was no reason to believe buyers will return anytime soon.

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Market-Ticker.Denninger.net/

We either act now or suffer the consequences - the utter destruction of our middle class, a collapsed stock market with the DOW headed to 3,000 or worse and the S&P 500 headed into the 400 or lower range, unemployment topping 20% and GDP falling by 3

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Reuters

Citigroup may need to raise additional capital despite the U.S. government's move to bolster its capital base, said an analyst at Deutsche Bank, who sees a 2009 loss of about $4.5 billion for the company excluding any preferred share dividend pay

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NYtimes.com

And things could get worse. We now face a 1 in 3 chance that, if appropriate policies are not put in place, this ugly U-shaped recession may turn into a more virulent L-shaped near-depression or stag-deflation

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marketwatch.com/

The recession tightened its grip on U.S. businesses and consumers in February, according to economists, who are predicting the largest one-month job loss in almost 60 years.

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