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Jul 25, 2011

USA News, Jul 25, 2011




Debt Ceiling Intransigence: Unintended Consequences...
Center for Research on Globalization
Or its manufactured goods import bill, or any other bill. We are talking about a crisis beyond anything the world has ever seen. Does anyone think that President Obama is going to just sit there while the power of the US collapses? ...
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Center for Research on Globalization
Why the jobs crisis is about to get worse
Salon
The consequential job growth will also help reduce the long-term ratio of debt to GDP. It's a win-win. This is not rocket science. And it's not difficult for government to do this -- through a new WPA or Civilian Conservation Corps, an infrastructure ...
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Salon
Euro Collapse, US Debt Ceiling Default Armageddon Irrelevant to Stocks Stealth...
The Market Oracle
The Sovereign Debt Crisis Induced Market Volatility such as that afforded by theUS Debt ceiling failure default would present Great Buying Opportunities into primarily US and Emerging Market stocks, commodities and UK Internationals, and presumably ...
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Inflection Points And Ruined Vacations
HoweStreet.com
The US and Greece are sure to default, and then they're saved by massive bailouts/debt limit deals. Gold is setting records, cotton is tanking, oil is testing $100 — and you're supposed to relax and “get away from it all. ...
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A Dogma to Wreck the Country
Newsweek
Ten years ago the federal debt was equivalent to less than a third ofUS gross domestic product. Now it is nearly two thirds. If nothing changes, according to the Congressional Budget Office (CBO), the federal debt could exceed GDP by 2021. ...
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Newsweek
U.S., EU cloud over Canada likely to clear, forecaster says
Canada.com
By Ray Turchansky, For Postmedia News July 25, 2011 Against an everchanging backdrop of debt crisis in Europe, Canadians have been watching great theatre in the United States, where politicians mug for the cameras as their debt-ceiling clock ticks away ...
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The Bund tested the downside at the start of the session
FXstreet.com
A sharply divided US Congress pursued rival budget plans on Sunday that appeared unlikely to win broad support, pushing the US closer to a debt default. Republicans and Democrats appear unwilling to compromise on an increase of thedebt ceiling (and a ...
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Whatever happened to statecraft?
The Guardian (blog)
Changing that will mean raising the debt ceiling for a time – as the head of the UScentral bank and top economists agree. And the euro crisis? Cast your mind back to last spring, when the financial crisis was confined largely to tiny Greece. ...
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No clarification in the US – Greece downgraded
FXstreet.com
During this week, the Southern European debt crisis will be an important topic, and the plan agreed on Thursday will be scrutinised. Apart from those topics, the most important events of the week will take place in the US: the Beige Book will be ...
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Weekly Pulse: Apple pie
Advisor.ca
Political posturing continued this week as US President BarackObama embraced a $3.7 trillion debt cutting plan from a bipartisan group of senators known as the 'Gang of Six'. The administration signaled it may accept a short-term increase in the debt ...
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Advisor.ca
Greek Deal Facilitates Worsening Relations
Wall Street Journal
Economists at Capital Economics Ltd. say that failure adequately to fund the ESFS makes them "doubt that the package alone will bring an end to recent contagion effects and prevent the debt crisis from continuing to deepen in coming months. ...
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EUROPEAN OPENING NEWS INCLUDING: Moody's downgrades Greece to CA from CAA1 ...
Proactive Investors UK
With Eurozone leaders finding what looks like a possible long-term solution for the Eurozone debt crisis, markets will now turn their attention to US debt talks. With no official meeting scheduled between lawmakers at the House this weekend, ...
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This week will be quite eventful for the markets
FXstreet.com
The ongoing debt problems in US and Europe pulled the market in opposite directions as S&P 500 finished the session marginally up. A relief deal for Greece raised hopes that the European crisis will be contained while US politicians seemed to be ...
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ed Revolutions and "Regime Change": Washington Attempts to Destabilize ...
Center for Research on Globalization
The World Bank added that the Belarusian economic model isn't viable; rather it should be more concerned with the US model of credit-based consumption and skyrocketing foreign debt. In June, coinciding with these financial problems, Western governments ...
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The Tea Party, Right About Everything
American Thinker
ObamaCare is costing us over 60000 jobs per month. Drilling moratorium. According to a new study by IHS Global Insight, merely picking up the pace in granting oil drilling permits would go a long way in producing jobs throughout theUS, adding to GDP ...
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Remarks on Principles for Prosperity in the Asia Pacific
US Department of State (press release)
We must start with the most urgent task before us: realigning our economies in the wake of the global financial crisis. This means pursuing a more balanced strategy for global economic growth – the kind that President Obama and President Hu Jintao have ...
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Focus on US debt ceiling dispute to outweigh economic, earnings data
Guelph Mercury
That takes huge pressure off markets in the short term by avoiding a messy debt default by Greece that could spread market turmoil as did the 2008 collapse of USinvestment bank Lehman Brothers. Instead, Greece's voluntary debt workout should lead to a ...
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Kicking the Can Down the Road One More Time
Gold Seek
They have done the US a huge favor by adopting this latest plan, as it keeps their banking system from imploding; because their banks are essentially insolvent with all the sovereign debt on their books. Such a banking crisis, which would be worse than ...
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