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Has it begun?

…20 large investment banks that serve as “primary dealers” and trade Treasury securities directly with the Fed. Much like a $200 billion loan program the Fed announced last Tuesday, this…

…wholesale food, energy and medicine costs soared, pushing inflation up at the fastest pace in a quarter century. The Labor Department said Tuesday that wholesale inflation jumped by 1 percent…

a little history from a couple months ago

…for 2008. Mr. Lazear predicted “solid growth,” and Mr. Paulson said the economy remained “broadly healthy,” while adding, “I expect the expansion to continue.” On Tuesday, Mr. Lazear defended those…

Energy control

…a statement Tuesday, however, the White House demanded that the bill be amended to make the industry-friendly Transportation Department solely responsible for regulating fuel economy as well as carbon dioxide…

Illegal alien or Economic refugee

…agreed to return to his home in the Mexican state of Sonora without going through formal deportation proceedings. Cordova came to the border again Tuesday, where officials from both countries…

US centric viewpoints about hegemony

…electricity minister said Tuesday. Word of the project prompted serious concerns among American military officials, who fear that Iranian commercial investments can mask military activities at a time of heightened…

Farm Bill and WTO GATS Part 2

The NYT reports: The World Trade Organization made a last-ditch effort on Tuesday to salvage stalled global trade talks by asking the United States and Europe to lower their barriers…

A world of coping…

…757 aircraft, the carrier said Tuesday. Nepal Airlines, which has two Boeing aircraft, has had to suspend some services in recent weeks due the problem. The goats were sacrificed in…

Is China quietly moving away from US treasuries?

…companies to convert a portion of their foreign earnings into Chinese currency, the government said Tuesday, in a move that could ease pressure on Beijing’s foreign exchange system. Companies now…

Buffet wants to "soak the rich" too?

Tuesday night. The talk, given to about 600 Wall Street bankers and money managers, raised at least $1 million for Clinton’s presidential campaign,… Buffett said that he and other privileged…