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Economy - Economics USA

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Lew Rockwell blog

After the Detroit police department stopped responding to 911 calls, a private firm filled the gap.

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During an interview with The Globe and Mail, 'Gloom, Boom, and Doom's Marc Faber unleashed some awful truthiness about gold "I buy gold every month", real estate "bubble territory", and the likelihood of a crash in smoke-and-mirrors-like asset market

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Americans are ditching their U.S. passports in record numbers, a sign of growing frustration with a system that taxes U.S. citizens on their global wealth whether they live in Montana or Mongolia. The latest bold-faced names to relinquish their U.

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New York Times

California’s top law enforcement official accused JPMorgan of flooding the state’s courts with questionable lawsuits to collect overdue credit card debt. JPMorgan “committed debt collection abuses against tens of thousands of California consumers.”

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Steady home price gains can help drive the housing recovery. Higher home prices encourage more people to buy before prices rise further. They can also entice more homeowners to sell by making them more confident they’ll get a good price. In addition,

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Recently, news reporters have been sounding almost giddy, saying that unemployment is dropping, housing prices are rising and the stock market is growing to new highs. But, these reports do not ring true with what people see around them. When you loo


THOUGH yesterday’s employment report revealed a slowly improving job market, the jobless rate is still elevated, at 7.5 percent, with 11.7 million people looking for work, including 4.4 million who have been doing so for at least half a year.

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Foreigners now hold more than $13 trillion in American securities, a record set as the U.S. seeks to assert itself as the safest port in troubled global waters. China and Japan combined owned more than $3.4 trillion, including $2.4 trillion in debt,