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Economy - International

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Michael Shedlock / Mish

Now that things are getting worse by the minute, Putin will likely attempt to shift the blame to -- you guessed it -- the US. America will be made a scapegoat for the global crisis, for manipulating oil markets and for anything else that goes wrong i

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Financial Times

Russia is bracing for further unrest as the rouble on Friday slid to a new low against the euro after a succession of moves to devalue its currency.

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MarketWatch.com

Industrial production fell as much as 8.1% in November from the previous month -- the biggest drop in the measure since the government started releasing comparable figures in 1953 -- as Japanese companies produced less automobiles and other machinery

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Washington Post

Japan reported yesterday that its exports plunged a record 27 percent in November, signaling a dramatic deterioration in the world's second-largest economy and the collapse of the export-led boom that had lifted many Asian nations.

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USA Today

Icelanders are clamoring to adopt it. Danes and Swedes are having second thoughts about snubbing it in the past. The Poles and Hungarians are accelerating plans to make the euro their money. Global Government is on track.

News Link • Global Reported By Trouser Chili
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Reuters

The Nikkei average rose 1.1 percent on Wednesday, with banking stocks among the biggest gainers after the U.S. Federal Reserve slashed borrowing costs to a record low, prompting a rally on Wall Street.

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Sharidan M. Ali, TheStar Online Edition

On Dec 11, 2008 the index stood at 711 after a 94.4% decline which began last May. Recent figures however show a 6% increase in the index. It’s a good development but the jury is still out when it comes to longer-term prospects. BDI measures the d

News Link • Global Reported By Veritas Vincit
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CalculatedRisk.blogspot.com

Single-family starts were at 441 thousand in November; the lowest level ever recorded (since 1959). Single-family permits were at 412 thousand in November, suggesting single family starts may fall even further next month.

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Reuters

Fourteen crew and officers, mostly from the Philippines, have been stranded for three months in an Argentine river on a cargo ship abandoned by its owner, surviving on charity donations of food and water.

News Link • Global Reported By Chip Saunders
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BBC

"The EU's door is open to any European country that respects the principles of liberty, democracy and human rights and can carry the obligations of EU membership."

News Link • Global Reported By Trouser Chili
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AP

World stock markets plunged Friday as the U.S. Senate's rejection of a $14 billion deal to rescue Detroit's ailing automakers stoked concerns that the recession in the world's largest economy will be even longer and deeper than projected.

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