User: newstrust Topic: Global Economy
Category: Financial Markets :: global finance
Last updated: Jan 15 2010 16:19 IST RSS 2.0
 
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Inflation threat to China and India 15.1.2010 Financial Times US
Inflation is emerging as the key economic problem for India and China as growth surges in the wake of the global financial crisis, the Asian Development Bank warned on Friday
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Oil slips below $79 amid stronger US dollar 15.1.2010 SFGate: Business & Technology
Oil slips below $79 amid stronger US dollar
Colorado to gain jobs in '10, forecast says 15.1.2010 Vail Colorado: News
Colorado should see job growth returning and home prices start rising again this year as the U.S. economic recovery gains traction, according to a forecast Wednesday from Vectra Bank Colorado. The U.S. economy should grow 2.5 percent to 3 percent this year, adjusting for inflation, predicted economist Jeff Thredgold at Vectra Bank's 17th Annual Economic Forecast Breakfast. While not especially robust, that recovery and a global rebound are the two precursors needed for Colorado to enjoy consistent job growth again. "Colorado will move out of its own recession by the latter part of 2010," Thredgold said. Still, the need to unwind the massive debts accumulated by households, businesses and government will translate into a recovery ...
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ClimateGate's Michael Mann Received Stimulus Funds, Media Mum 14.1.2010 NewsTrust Yahoo Pipes Feed
A scientist in the middle of the ClimateGate scandal received economic stimulus funds last June. As NewsBusters reported on November 28, Penn State University is investigating Professor Michael Mann, the creator of the discredited " Hockey Stick Graph ," for his involvement in an international attempt to exaggerate and manipulate climate data in order to advance the myth of manmade global warming. According to the conservative think tank the National Center for Public Policy Research, Mann received $541,184 in economic stimulus funds last June to conduct climate change research. With this in mind, NCPPR issued a press release Thursday asking for these funds to be returned: In the face of rising unemployment and record-breaking ...
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Unreal. Climategate Junk Scientist Michael Mann Awarded Half a Million in Stimulus Cash 14.1.2010 Gateway Pundit
Dr. Michael Mann co-authored the famous graph of temperature trends dubbed the “hockey stick graph.” Mann was implicated in the global warming email and document conspiracy in 2009. Mann’s controversial work has been challenged in the past. Dr. Mann was implicated in the global warming email conspiracy. It was reported on several websites that classified emails and files [...]
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Asia urged to carefully plan stimulus exit to sustain growth 14.1.2010 Earth Times
Manila - Asia countries must carefully time their exit from stimulus packages to sustain recovery from the global economic slump, the Asian Development Bank (ADB) said Thursday. Haruhiko Kuroda, president of the Manila-based ADB, said each country ne...
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ECB to hold rates at historic low amid Greek debt crisis worries 14.1.2010 Earth Times
Frankfurt - The European Central Bank is meeting for the first time this year on Thursday amid forecasts that it will keep interest rates at their historic low of 1 per cent. Analysts believe the Frankfurt-based bank will leave borrowing costs on hol...
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Moral Bankruptcy: Why Are We Letting Wall Street Off So Easy? 13.1.2010 Commondreams.org Views
by Joseph E. Stiglitz

It is said  that a near-death experience forces one to reevaluate priorities and values. The global economy has just escaped a near-death experience. The crisis exposed the flaws in the prevailing economic model, but it also exposed flaws in our society. Much has been written about the foolishness of the risks that the financial sector undertook, the devastation that its institutions have brought to the economy, and the fiscal deficits that have resulted.

read more

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Investing: Funds that stayed the course paid off 13.1.2010 Star Tribune: Business
Analysts expect the economy to shift into low gear as it keeps chugging up the hill this year.
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Moral Bankruptcy 13.1.2010 Mother Jones
Joseph Stiglitz' new book, Freefall: America, Free Markets, and the Sinking of the World Economy , is in stores as of Monday. You can find it online at Powell's . IT IS SAID THAT A NEAR-DEATH experience forces one to reevaluate priorities and values. The global economy has just escaped a near-death experience. The crisis exposed the flaws in the prevailing economic model, but it also exposed flaws in our society. Much has been written about the foolishness of the risks that the financial sector undertook, the devastation that its institutions have brought to the economy, and the fiscal deficits that have resulted. Too little has been written about the underlying moral deficit that has been exposed—a deficit that is larger, and harder to ...
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Down With Obamunism 13.1.2010 American Spectator
Down With Obamunism
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Optimism as November trade deficit increases to $36.4 billion 13.1.2010 Boston Globe: Business
Optimism as November trade deficit increases to $36.4 billion
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News In Brief 13.1.2010 San Jose Mercury News: Business
washingtonU.S. trade gap up 9.7%The U.S. trade deficit jumped to the highest level in 10 months as an improving U.
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Asian Stocks Fall After China Raises Bank Reserve Requirements 13.1.2010 NY Times: Business
Beijing’s surprise decision to raise banks’ reserve requirements sparked concerns that the move could slow China’s purchases of natural resources.

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U.S. trade gap hits 10-month high 13.1.2010 Chicago Tribune: Business
U.S. trade gap hits 10-month high
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Cameron's slum dogma | Kevin Watkins 13.1.2010 Guardian: Comment is Free
The Conservative plan for overseas aid treats Africa as a laboratory for free-market ideology You don't win general elections in Britain by fighting poverty in poor countries. That has to be good news for David Cameron, ­because the Conservative ­programme on ­international development would be a sure-fire vote loser. Whatever your take on New Labour, its credentials on development are impressive. As a nation we have become more generous in our dealings with the world's poorest people, moving from the lower leagues to the premier division of leadership on poverty reduction. Aid has been an important part of the transition. The £9bn development assistance programme represents 0.5% of our GDP – three times the share in 1997. Britain has ...
Drumbeat: January 12, 2010 12.1.2010 The Oil Drum
EIA sees US natgas production down 3 pct in 2010 NEW YORK (Reuters) - The U.S. Energy Information Administration on Tuesday slightly raised its estimate for domestic natural gas production in 2010 but still expected output this year to be down 3 percent from 2009 levels. In its January Short-Term Energy Outlook, EIA said it expected marketed natural gas production to be down 1.8 billion cubic feet per day, or 3 percent, this year, primarily due to steep declines from initial production at newly drilled wells and the lagged effect of reduced drilling activity. (Reuters) - The U.S. Energy Information Administration on Tuesday said it expected world oil demand to rise to 86.65 million barrels per day in 2011, up 1.47 million bpd from 2010. ...
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November U.S. trade deficit increases to $36.4 billion 12.1.2010 San Jose Mercury News: Breaking News
WASHINGTON — The U.S. trade deficit jumped to the highest level in 10 months as an improving U.
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China takes new steps to curb bank lending 12.1.2010 Boston Globe: Latest
China takes new steps to curb bank lending
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November trade deficit increases to $36.4 billion 12.1.2010 LA Times: Business
November trade deficit increases to $36.4 billion
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