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Aug 12, 2011

USA News, Aug 12, 2011


Rattled investors have no safe place to wait out stock storm
USA Today
By Sandra Block, USA TODAY When the US was on the verge of defaulting on its debts for the first time in history, Jon Lannom, 55, of Dallas, moved his retirement savings into money market funds. Default was averted, but Lannom has no regrets. ...
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USA Today
Texas Gov. Rick Perry banks on high-dollar donors
USA Today
By Fredreka Schouten and Christopher Schnaars, USA TODAY WASHINGTON — Texas Gov. Rick Perry, poised to enter the presidential race this weekend, is a fundraising powerhouse who has relied on a cadre of Republican mega-donors to collect more than $100 ...
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USA Today
Is there any other way to save the US economy apart from printing more dollars?
«Market Leader» - news and previews making you rich.
First everybody waited for August 2nd – the X-day – when Barack Obama could have announced a technical default of the world's biggest economy. Fortunately, the Congress and Obama's administration agreed to lift the federal debt limit. ...
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«Market Leader» - news and previews making you rich.
S&P—The New Villain Of Obama Administration
Technorati
S&P is the new villain in the financial world for downgrading the credit rating of USA. It is the same rating agency that had consistently given the failed Lehman Brothers and other financial institutions top rating when they did not deserve that. ...
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Technorati
The Presidential Planner: The Economy and Fundraising
ABC News (blog)
in other words,the exact opposite of Barack Obama.What do you have to watch out for when you hike in La Crosse? 59% disapproval rate of the Republican party. Approval of Tea party at 25%. A recent USA Today/Gallup poll released on Tuesday shows that 51 ...
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One of These Is Not Like the Other
Canada Free Press
In their view, you are more likely to pay back the money you borrow with interest; you are less likely to default or go bankrupt or otherwise prove to be a black hole down which their money was thrown. Your credit score goes down, however, ...
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Africa: US Debt Ceiling Debate And the Alternatives
AllAfrica.com
Without excessive exaggeration, one might say of the United States today what once was said of Prussia -- that it is a state owned by its army.' What Pfaff did not ask is who owns the military? Whose interest does the military serve? ...
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Sovereign Debt Pressure Spreads to Insurers̢۪ Balance Sheets: AM Best
Insurance Journal
If the US itself is reduced, who's higher rated than the USA? Let's get real. The US will not default, even if it has to reduce its welfare state a little, or somehow mortgage the future of every baby born since the year 2000. LOL… ...
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George Osborne: The do-nothing chancellor
The Guardian
On the western flank, Barack Obama has been floored by a tag team of Republicans and credit-rating agencies. Even in the former bright spots of Asia, there are doubts about the sustainability of China and India's boom. At a time when credit ratings for ...
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Live: Republicans debate in Iowa
USA Today
By David Jackson, USA TODAY The Republican candidates debated tonight in Ames, Iowa -- most of them anyway; Texas Gov. Rick Perry makes his candidacy official this weekend. Mixing it up tonight were former Massachusetts governor Mitt Romney; US Rep. ...
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USA Today
Voter ID Equals 'Jim Crow'? Nonsense!
Dakota Voice
By Gina Miller on August 11th, 2011 On Tuesday's broadcast I featured the deranged thinking of the communist Left that was displayed in a column from the Communist Party USA's website written by someone calling himself Gus Hall (although I doubt it was ...
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Most Americans say US on wrong track: Poll
Business Times - Malaysia
A USA Today/Gallup poll this week suggested possible evidence of an anti-incumbent wave building, saying only 24 per cent of Americans believe most members of Congress deserve re-election, the lowest percentage since Gallup began asking the question in ...
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Default, America!
BullionVault
But make no mistake, it will get better. In fact, at this point, a US default is the only conceivable remedy to our debt affliction. You see, the United States has been able to coast on its top-tier credit rating for far too long. ...
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Default Or Not Default? GOP Leader: 'We're Very Close' To Debt ...
GOP leader: 'We're very close' to debt deal with Obama (USA Today): ... Late Attempt at Debt-Limit Deal to Avert Default (Fox News) ...
www.infiniteunknown.net/.../default-or-not-default-gop-leader...
Obama: 50 years old today, with a crisis in U.S.
President Barack Obama today will be a time in his busy schedule to ... Sign up, become my fan and join me in changing the face of online news! .... Barack Obama announced a last-minute deal on Sunday to avert a possible default by ...
www.allvoices.com/.../9861005-obama-50-years-old-today-wi...

GREECE News, Jun 12, 2011


Euro Falls Before Factory Output, Greece GDP Data; Kiwi Slides
BusinessWeek
Industrial production in the euro area was unchanged in June after a 0.2 percent increase in May, according to a Bloomberg News survey of economists before a report from the European Union's statistics office in Luxembourg today. Greece, which is ...
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Greece-Free Banks Beat Global Peers by Most Since 2009: Australia Credit
Bloomberg
Australian banks have no investments in Greece, compared with $56.7 billion owed to French banks, according to data from the Bank for International Settlements as of the end of 2010. A second bailout for Greece in July failed to bolster investor ...
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Greek union launches privatisation lawsuit
Morning Star Online
by Our Foreign Desk Greece's main civil servants' union announced today that it will file lawsuits against the nominally Socialist government over its €50 billion (£44bn) privatisation programme. It branded the EU-IMF mandated fire-sale an act of ...
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Turkey Curbs Short-Selling After Bans in Greece, South Korea
San Francisco Chronicle
The Istanbul Stock Exchange raised the minimum cash or equity required to initiate a short-sale to 70 percent from 50 percent and said any violations could be met with "severe penalties," according to an e-mailed statement today. In a short sale, ...
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Crude Oil Drops From 4-Day High in New York, First Decline in Three Days
Bloomberg
Futures slid as much as 1.3 percent today, ending a two-day climb. Crude has traded from $75.71 a barrel, a 10-month low, to as high as $85.97 in intraday trading this week. Reports today may show manufacturing stalled in the euro region and Greece's ...
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European Stocks Rally the Most Since May 2010; Salzgitter Surges
San Francisco Chronicle
National benchmark indexes rose in every western European market except Denmark and Greece today. The UK's FTSE 100 Index increased 3.1 percent and Germany's DAX Index soared 3.3 percent. France's CAC 40 Index climbed 2.9 percent. ...
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A Free-Market Sovereign Debt Manifesto
The Market Oracle
I enjoyed an “off-the-record” private dinner several days ago with an ambassador representing one of Greece's closest allies. His experienced view on the Greek situation today probably parallels the opinion of most governments and the EU establishment, ...
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The Market Oracle
Ground breaking at Dewey Ave. Walmart in Greece today - Greece, NY ...
Greece Post - A groundbreaking celebration for the new Greece Walmart store on Dewey Avenue will take place today at 1 p.m. Greece town officials and ...
www.greecepost.com/.../Dewey-Ave-Walmart-in-Greece-to-op...