Meltdown Will Leave Vastly Changed Economy

A lot people are wondering what the “new” normal will look like once the worst of the financial crisis and recession have passed. Even the most optimistic scenarios see only very gradual improvement in economic growth, with unemployment remaining high for the next several years. The only honest answer is that no one really knows.

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Gas jumps 25 cents in three weeks

Gas prices jumped nearly a quarter in the past three weeks, but the trend is unlikely to continue, according to a survey published on Sunday.

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Gas jumps 25 cents in three weeks

Gas prices jumped nearly a quarter in the past three weeks, but the trend is unlikely to continue, according to a survey published on Sunday.

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China ready to join US as world power

China's rise came at the G20 summit last month in London. Hu Jintao, China's president, arrived at the head of the only major power still enjoying strong growth (expected to be 8% this year), backed by substantial financial reserves.

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Fraud Charges Against Mozilo of Countrywide

Former Countrywide Financial Corp. boss Angelo R. Mozilo, whose embrace of exotic loans helped fuel the mortgage boom and meltdown, will face Securities and Exchange Commission fraud charges unless his lawyers prevail in an eleventh-hour appeal, people familiar with the SEC’s investigation said Wednesday.

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Obama's Animal Farm: Bigger, Bloodier Wars ....

“The Deltas are psychos...You have to be a certified psychopath to join the Delta Force...”, a US Army colonel from Fort Bragg once told me back in the 1980's. Now President Obama has elevated the most notorious of the psychopaths, General Stanley McChrystal, to head the US and NATO military command in Afghanistan.

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Robert Samuelson: Obama's Risky Debt

Just how much government debt does a president have to endorse before he's labeled "irresponsible"? Well, apparently much more than the massive amounts envisioned by President Obama. The final version of his 2010 budget, released last week, is a case study in political expediency and economic gambling.

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