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Economy - Economics USA

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Explain to me where the money to buy bad loans came from. Explain who is going to pay the principal on this money. Explain who is going to pay the interest on the principal. Explain why the banks could not fail? Explain why we are told to spend a

Letters to the Editor • Global
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LA Times

A list of 57 transportation projects totaling $625 million has been adopted by Caltrans as the first in line to receive federal infrastructure money. The projects include: $75 million to repave 3 miles(!!!!) of rough pavement on Interstate

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Financial Times

Yet Prof Johnson makes a stronger point than this. He argues that the refusal of powerful institutions to admit losses – aided and abetted by a government in thrall to the “money-changers” – may make it impossible to escape from the crisis.

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arclein

The 18th century gave us history's most momentous advance in the social sciences. I speak here of the Scottish Enlightenment, led by David Hume and Adam Smith. These thinkers were the first fully to grasp the fact that complex and productive soci

News Link • Global Reported By robert klein
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Wall Street Journal Online

The declines have continued through the beginning of this year. In the first two months of 2009, the 41 states that have reported tax revenue saw total receipts decline 12.8%, versus the same period a year ago.

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counterthink.com

Within hours, the National Guard will roll into the cities of the United States, and Americans will find themselves penniless prisoners in their own country. Anyone who protests will be arrested or shot. Law will be dispensed at the end of military r

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Dalton and Brandon bravely tell our Leaders what they really think of being saddled with 50 trillion dollars worth of entitlements. Have your kid tell the world on a nationally televised commercial that "It's not their debt!" our Leader

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thebarricadeblog.com/

Zimbabwe declares, “Banks, including those in the USA and the UK, are now not just talking of, but also actually implementing flexible and pragmatic central bank support programmes where these are deemed necessary in their national interests.

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CalculatedRiskblog.com

On a monthly basis, retail sales decreased 1.1% from February to March (seasonally adjusted), but sales are off 10.7% from March 2008 (retail and food services decreased 9.4%).

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CNBC.com

The Treasury Department is directing General Motors to lay the groundwork for a bankruptcy filing by a June 1 deadline, despite GM's public contention that it could still reorganize outside court, people with knowledge of the plans said during th

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Ritholtz.com/blog

The P/E ratio for the end of the second quarter is 1944. The losses of the 4th quarter wipe out almost all earnings for the 12 months ending June 30. But by the end of the 3rd quarter, the estimated P/E ratio has dropped to a (negative) -467. That ha

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  Hey Ernie: I see that the Fed's believe that they can 'stress test' the banksters, conceal such vital info from the public (http://www.freedomsphoenix.com/Find-Freedom.htm?EdNo=001&At=048448) and somehow prevent them from collapsing

Letters to the Editor • Global
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Thomas Knapp - C4SS

Does the state improve our lives by more efficiently delivering certain goods and services than we could expect from unregulated market? The market’s answer to that question is an unqualified “no.”

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