Economy
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How Do You Take Your Tea? With Heaping Spoonfuls of Irony, Of Course (David Michael Green)
Oct. 10, 2010 (Information Clearing House) -- It's so great that Americans are finally angry about the state of their country. But it's beyond awful that all the wrong people are beside themselves ...
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Government had Been Warned for Months about Troubles in Mortgage Servicer Industry (Zachary A. Goldfarb)
Oct. 10, 2010 (Washington Post) -- Consumer advocates and lawyers warned federal officials in recent years that the U.S. foreclosure system was designed to seize people's homes as fast as possible, ...
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S&P: 60 Percent Of Countries Will Be Bankrupt Within 50 Years (Daniel Tencer)
Predicts US will have a debt of 415 percent of GDP by 2050 Oct. 10, 2010 (Raw Story) -- Some 60 percent of the world's economies will be so in debt by 2060 that their debt will be downgraded to ...
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World Job Crisis is a Threat to Democracy, Says IMF Head (Larry Elliott)
International Monetary Fund meeting dominated by fears that US job crisis will add to currency tensions with China Oct. 10, 2010 -- WASHINGTON (The Guardian) -- The International Monetary Fund was ...
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Boiler Rooms, Foreclosure Mills: The Story of America’s Mortgage Industry (Michael Hudson)
Oct. 8, 2010 (Center For Public Integrity) -- The news about the nation’s foreclosure scandal has been coming fast and furious, driven by tales of backdated documents, false affidavits and “rocket ...
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The Secret Big-Money Takeover of America (Robert Reich)
Oct. 8, 2010 (Information Clearing House) -- Not only is income and wealth in America more concentrated in fewer hands than it’s been in 80 years, but those hands are buying our democracy as never ...
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America’s Third World Economy (Paul Craig Roberts)
Oct. 8, 2010 (Information Clearing House) -- For a number of years I reported on the monthly nonfarm payroll jobs data. The data did not support the praises economists were singing to the “New ...
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Bernanke Tells the Truth: The United States is on the Brink of Financial Disaster (Robert Wenzel)
Oct. 5, 2010 (EconomicPolicyJournal.com) -- Yesterday, Federal Reserve Chairman Ben Bernanke delivered a speech before the the Annual Meeting of the Rhode Island Public Expenditure Council ...
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The Bigot-Whisperers of the Right (Phil Rockstroh)
Phil Rockstroh -- World News Trust Oct. 7, 2010 -- I was born, at slightly past the midpoint of the Twentieth Century, in the Deep South city of Birmingham, Alabama -- “The Heart of Dixie.” My ...
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Mortgage-Title Fraud: A National Catastrophe -- Jeff Nielson
Oct. 8, 2010 (Seeking Alpha) -- It is impossible to overstate the severity of the real estate crisis in the United States which has been caused entirely by the reckless fraud of the nation’s largest ...
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BofA Extends Freeze on Foreclosures to All 50 States (Michael J. Moore and Lorraine Woellert)
Oct. 6, 2010 (Bloomberg) -- Bank of America Corp., the biggest U.S. lender, extended a freeze on foreclosures to all 50 states as concern spread among federal and local officials that homes are ...
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