Contents Pages by Subject

Economy - International

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NakedCapitalism.com

Europeans borrowed vast sums in dollars in the offshore money markets when dollar credit was cheap. This was leveraged by multiples of 50 or 60 to fund whatever craze was in fashion – Russia, Brazil, infrastructure.

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WASHINGTON, Oct. 11 (UPI) -- The U.S. and six other nations say they have failed to agree upon a coordinated strategy of having governments partially nationalize struggling banks. (Blah Blah Blah,... you know what's coming)

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CNBC

Asked what we need from our G7 leaders Jim responds "well what they need to do is go down to the bar and have a beer and leave the rest of us alone, let the sound people succeed and let the other people fail".

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AP

European stock markets slumped in early trading Friday following massive sell-offs on Wall Street and Asia as lending rates between banks continue to rise despite this week's efforts by central banks to break the logjam in credit markets.

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AP

[The future in miniature.] The Nordic nation's government also used sweeping new emergency powers to create a new bank that will take over the bulk of the domestic operations of another one of its collapsed banks.

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Bloomberg

Rising Libor, set each day in the center of international finance, means higher payments on financial contracts valued at $360 trillion -- or $53,500 for each person worldwide -- including mortgages in Britain, US student loans and company debts

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AFP

WORLD stock markets mostly rebounded today, with London, Paris and Hong Kong rallying 3 per cent following a round of emergency interest rate cuts and after share prices had dived a day earlier.

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Joseph T. Salerno for LewRockwell.com

These seven works taken together represent the first integration and systematic elaboration of the Austrian theories of money, capital, business cycles, and comparative monetary institutions, which constitute the essential core of Austrian macroecono

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business.inquirer.net

The world is on the brink of a major economic downturn, given the “most dangerous financial shock in western markets since the 1930s” and high fuel and food prices, the International Monetary Fund said.

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UPI

WASHINGTON, Oct. 8 (UPI) -- This is more than a global financial meltdown: Other major nations around the world this week are following U.S. President George W. Bush's lead in effectively dismantling the very structures of free-market capitalism.

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AfterDowningStreet.org

Given the country's standing as a frontline state in the US-led "war on terrorism", the economic crisis has profound consequences. Pakistan already faces worsening security as the army clashes with militants in the lawless Tribal Areas

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