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Economy - International

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AP

World stock markets fell [for the second day] Thursday amid pessimism about the Obama administration's plans to fix the US banking system and restore the overall health of the world's largest economy. European stocks were also undermined by

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Reuters

China, setting out for the next global financial summit, wants the International Monetary Fund to get tougher with developed countries that let their economies run off the rails. On financial regulation, the memo says accounting standards and credit

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themessthatgreenspanmade.blogspot.com/

The fact that the price of a barrel of oil has dropped from $147 down to $40 might have something to do with the fact that their real estate market is crashing. A lot can happen in only 8 months. Five minute video.

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NY Times

Some Chinese are so eager to turn their yuan into other assets that when an online real estate brokerage organized a tour of foreclosure auctions in the United States, it received so many applications that it had to turn away nearly 400 people.

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Reuters

Hundreds of thousands of strikers marched through French cities to demand pay rises and protection for jobs. The streets filled with flag-waving protesters, but the one-day strike failed to paralyze the country and support from private sector workers

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The Daily Bell

An even more cynical interpretation is that those at the top have given up trying to stabilize the system and are determined to provoke an even graver crisis. China holds perhaps US$1 trillion in debt; a debt its leaders are starting to unwind at a r

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www.guardian.co.uk/

The worst economic turmoil since the Great Depression is not a natural phenomenon but a man-made disaster in which we all played a part. In the second part of a week-long series looking behind the slump, Guardian City editor Julia Finch picks out the

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