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Economy - International

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Kunstler.com

As all this plays out, of course, the USA will be struggling with very similar problems of capital and economy, and as our states fall into bankruptcy one can easily imagine all kinds of political mischief here that would parallel the unravelings...

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Reason Hit & Run

If you ever start thinking no place could suck harder than the good ol' U.S.A., just look to the glory that is Greece. The Greek government is responding to its self-inflicted debt crisis by doing just about every single thing wrong.

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Organised by the Bank for International Settlements last year, the two-day talks are shrouded in secrecy with high-level security believed to have been invoked by law enforcement agencies.

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60 Minutes (CBS)

[I don't know how good it will be....] Nowhere in the world can such a concentration of power be found than at the World Economic Forum's meeting in Davos, Switzerland. Scott Pelley goes behind the scenes this Sunday, Feb. 14, 7 pm ET/PT.

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Washington Post

China's unexpected move to tighten credit for the second time in a month and a report showing that Europe's growth ground to a near-halt fueled concerns over the global economy Friday as Wall Street closed a volatile week of trading.

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Financial Times

The leaders of the 27-nation bloc promised “determined and co-ordinated action if needed to safeguard stability” of the eurozone, which has been shaken by turmoil in bond markets amid fears that Greece’s debt problems could spread.

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Telegraph

China has ordered managers of its vast currency reserves to to withdraw from risky dollar assets and retreat to core debt guaranteed by the US government, a clear sign that Beijing is battening down the hatches for fresh trouble on global markets.

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