Entries for May 2010
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$1 Trillion Was Not Enough
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| Infowars.com | The dizzy honeymoon created by the EU and IMF pledge yesterday to throw a trillion dollars at eurozone debt has faded as predicted. Investors realize the “fiscal tightening” — pensions looted, social services slashed, standards of living sent into free fall — will negatively impact growth in the euro zone and result in central bankers cranking up interest rates in anticipation of looming default. Read
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Economics, Video ::
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Stock Market Collapse: Another Goldman Market Rigging?
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| TruthOut.org | Two weeks ago, Goldman Sachs was on the Congressional hot seat, grilled for fraud in its sale of complicated financial products called "synthetic CDOs." Last week the heat was off, as all eyes turned to the attack of the shorts (bets that a stock will decline in value) on Greek sovereign debt and the dire threat of a sovereign Greek default. By Thursday, Goldman's fraud had slipped from the headlines and Congress had been cowed into throwing in the towel on its campaign to break up the too-big-to-fail banks. Read
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Economics ::
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Hooray For Utah; Boo For Indiana
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| NewsWithViews.com | The Tea Party in Utah flexed its muscle over the weekend and booted longtime establishment Republican senator, Bob Bennett, from office. Hooray! (Now, Arizona, please do America a favor and show John McCain the door!) Unfortunately, Tea Party activists were unsuccessful in Indiana, as longtime establishment Republican, Dan Coats, defeated the principled patriot, John Hostettler. Boo! Read
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Politics & Government ::
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