Contents Pages by Subject

Economy - International

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Reuters

U.S. congressional rejection of a free trade agreement with South Korea would deliver a severe blow to U.S. standing in Asia, a top U.S. trade official said. "If we succumb to protectionism within our own borders and allow KORUS (Korea-U.S free

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Bloomberg

(This is a trend that will continue. Buy Gold) The dollar fell to a record low against the euro and dropped versus the yen after Bear Stearns reported hedge fund losses, fueling speculation investors will spurn US assets as the economy slows.

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AP

China has suspended imports from several major U.S. meat processors, including the world's largest, in the latest indication the government may be retaliating as its products are turned back from overseas because of safety concerns. Frozen pou

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Telegraph

Junk bonds have suffered a second day of mauling on Asian, European and US markets as investors shun risky credit, raising the risk of contagion for stock markets. Europe's iTraxx Crossover index, which measures risk appetite for low-grade corpo

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AFP

The euro hit a record high of 1.3740 dollars amid worries about the US economy, underscoring a debate among European leaders about how much control should be maintained over the single currency. The British pound also hit a 26-year high of 2.0275 dol

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Free Market News

As the Japanese government continues holding short-term interest rates near zero while printing yen like it is going out of style, getting out of the yen has now replaced pachinko as the national pastime for rank and file Japanese.

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Foreign Affairs

Global financial instability has sparked a surge in "monetary nationalism" -- the idea that countries must make and control their own currencies. But globalization and monetary nationalism are a dangerous combination, a cause of financial

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BBC

Brazil and India blamed the latest failure on the EU and US not offering enough concessions on agriculture. The EU and US countered that Brazil and India were not opening up their markets to Western manufactured goods.

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IHT

In another swipe at the economic traditions that benefit the rich nations, Putin called for central banks to hold reserves in a wider selection of currencies. Now, banks largely hold their reserves in dollars and euros. (Again this is Putin)

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Morgan Stanley

NEW YORK –- Morgan Stanley issued a "full house sell signal," saying three of its leading indicators — bond yields, Institute for Supply Management new orders, and valuation and risk — showed it was time to sell.

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Reuters

Kuwait unshackled its dinar from the tumbling US dollar on Sunday and switched the exchange rate mechanism to a basket of currencies, throwing plans for currency union with other Gulf Arab oil producers into disarray.

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Global Research

To paraphrase the famous quip during the 1992 US Presidential debates, when an unknown William Jefferson Clinton told then-President George Herbert Walker Bush, "It's the economy, stupid," the present concern of the current Washington a

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LA Times

It has not even reached parliament, but the oil law that US officials call vital to ending Iraq's civil war is in serious trouble among Iraqi lawmakers, many of whom see it as a sloppy document rushed forward to satisfy Washington's clock.

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Christian Science Monitor

Whether Paul Wolfowitz remaines president of the World Bank or not, the furor over his leadership raises questions about the importance of reforming the policies and structure of an institution born more than 60 years ago, at a time of very different

Capital flows have become globalization's Achilles' heel. Over the past 25 years, devastating currency crises have hit countries across Latin America and Asia, as well as countries just beyond the borders of western Europe -- most notably Russia and

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