Archive for: politics

China Vows Slow, Tempered Change to Exchange Rate

China Vows Slow, Tempered Change to Exchange Rate

Filed under: Market Matters , Politics , Currency Saturday, China signaled that it would abandon its currency peg against the U.S. dollar . Then on Sunday, China’s...

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Scrapping Energy Subsidies Would Save $550 Billion

Scrapping Energy Subsidies Would Save $550 Billion

Filed under: Forecasts , Market Matters , Economic Data , Politics , Oil Most people don’t realize that world economies spend more that $550 billion dollars...

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G20 Scraps Fiscal Stimulus to Focus on Deficit Reduction

G20 Scraps Fiscal Stimulus to Focus on Deficit Reduction

Filed under: Market Matters , Politics , Recession In an about face, G20 finance ministers dropped their support for fiscal stimulus . The communique from Saturday’s...

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China Fund ‘Very Concerned’ About Eurozone Debt Problems

China Fund ‘Very Concerned’ About Eurozone Debt Problems

Filed under: International Markets , Market Matters , Politics , Financial Crisis China’s largest sovereign wealth fund, China Invest Corp. ( CIC ) is “very...

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Lawmakers Set to Let Jobless Benefits Expire

Lawmakers Set to Let Jobless Benefits Expire

Filed under: Politics , Recession Some 1.2 million people will run out of jobless benefits in June. Congress has gone on vacation without dealing with an extension...

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Reform Bill Would Make Federal Reserve Accountable to Congress

Reform Bill Would Make Federal Reserve Accountable to Congress

Filed under: Market Matters , Politics , Federal Reserve , Financial Crisis During the financial meltdown, Ben Bernanke, chairman of the Federal Reserve, boldly...

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Mayor Daley Threatens to Shoot Reporter To Prove Gun Ban Works

Mick Dumke Chicago Reader Friday, May 21, 2010 Mayor Daley loves to bag on the local media , and given my recent line of inquiry into his politics and policies,...

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The Ponzi Scheme Unwinds in America and Europe

Everybody in the world is broke, except for maybe Lloyd Blankfein, and he may not end up broke so much as broken — by a political meat-grinder that is revving...

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AIG Managers To Receive $380 million

AIG Managers To Receive $380 million

Filed under: Management , Insiders , Employees , Personal Finance , Politics American International Group, Inc. ( AIG ) earned $1.45 billion in the first quarter....

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EU Emergency Fund to Prevent Spread of Greek Crisis

EU Emergency Fund to Prevent Spread of Greek Crisis

Filed under: International Markets , Market Matters , Politics , Financial Crisis European Union leaders have agreed to set up an emergency fund to stop the spread...

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Greek Parliament Passes Austerity Aid Package

Greek Parliament Passes Austerity Aid Package

Filed under: International Markets , Deals , Market Matters , Politics , Headline News , Financial Crisis , Currency The Greek parliament passed a tough austerity...

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Gold, the Euro, and German Hyperinflation

Gold, the Euro, and German Hyperinflation

With or without hyperinflation , today’s welfare-state obligations — just like 1919’s war reparations — are simply too big to be paid… The Eurozone’s...

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