SEPTEMBER 9, 2011 An economic shock from abroad is the last thing that the U.S. economy now needs. By DESMOND LACHMAN EXCERPT FROM THIS ARTICLE:A European failure to contain its debt crisis would be a monumental electoral setback for Mr. Obama. This is not just because Mr. Obama’s governing and economic philosophies are closely associated […]
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NEW YORK TIMES September 4, 2011 By STEVEN GREENHOUSE The United States Postal Service has long lived on the financial edge, but it has never been as close to the precipice as it is today: the agency is so low on cash that it will not be able to make a $5.5 billion payment due
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September 5, 2011 http://detnews.com/article/20110905/POLITICS03/109050329 DAVID SHEPARDSON / Detroit News Washington Bureau Washington – Mitt Romney says he will quickly sell the government’s stakes in General Motors, Ally Financial and others that received bailouts if he is elected president. In a Detroit News interview Friday, the Republican presidential candidate and Michigan native harshly criticized President Barack
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AUGUST 24, 2011, 7:08 P.M. ET Notable & Quotable Andrew Hacker and Claudia Dreifus on why student loans are skyrocketing—and can’t be escaped even through bankruptcy. Professors Andrew Hacker and Claudia Dreifus at Atlantic.com, Aug. 17: As this semester begins, college loans are nearing the $1 trillion mark, more than what all households owe on
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FOX NEWS segment in 2008 – Chuck Schumer and Barney Frank block Fannie and Freddie reform
blogs.the-american-interest.comhttp://blogs.the-american-interest.com/wrm/2011/08/18/european-crisis-deepens/ European Crisis Deepens | Via Meadia The bad news just keeps coming. Coming close on the recent revelation that economic growth is slowing faster than expected in France and Germany, British labor figures have disappointed forecasters and it seems that Greece is heading for yet another recession despite optimistic predictions to the contrary. A familiar
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AUGUST 10, 2011 The Parthenon in Rome A short course in Italian economics. The European Central Bank has now stepped in to shore up Italian bond prices. Yet Europe’s political establishment seems amazed that investors have suddenly soured on Italy’s debt. “It is not as if the fundamentals of the Italian or Spanish economies have
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AUGUST 9, 2011 Amid the market wreckage, signs of a political turn. EXCERPT FROM THIS ARTICLE: The downgrade uproar and even the market turmoil are signs that Americans aren’t about to accept economic decline gracefully. To adapt a famous phrase, a debt crisis is a terrible thing to waste During yesterday’s market meltdown, an old
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Newsmax Limbaugh on Market Collapse: Obama Engineering the Decline of America Monday, August 8, 2011 06:17 PM By: Jim Meyers Top-rated talk radio host Rush Limbaugh finds a “silver lining” in the downgrading of America’s credit rating: There no longer is any doubt that President Barack Obama can be roundly defeated in 2012. “Obamageddon —
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IrishTimes.com DAN O’BRIEN Sat, Aug 06, 2011 ANALYSIS: LAST WEEKEND the world’s attention was on Washington DC as America’s politicians peered into the abyss of sovereign default. On Sunday they stepped back. This weekend attention is on Rome and Madrid. Politicians in those two capitals are sliding towards the same abyss. But there is a
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