It has been more than a month since Kazakhstan’s telecom monopolist blocked access of the users to Livejournal, the most popular blog platform in the Central Asian country. At the same time, the networks of online discussions did not get bleaker, still providing speedy reaction to the socio-political and economic developments and vibrant activity of the blogosphere. …
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Andy Kessler: Ignore the Stock Market Until February
The current volatility is less about fundamentals than forced selling.…
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For lease= half a African country
For lease= half a African country Posted by Bill Jempty Published: November 20, 2008 - 2:59 PM Is this modern day colonialism? From the Financial Times- Daewoo Logistics of South Korea has secured farmland in Madagascar to grow food crops for Seoul, in a deal that diplomats and consultants said was the largest of its kind. …
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Economics positions: who Obama should appoint and why
Here is a run-down from Brad DeLong. In addition to the analyses of particular names (I generally agree in the cases I can judge, though I would reappoint Bernanke, if only to limit market uncertainty), get this: Trade Czar-nominee-designate-leekee. …
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The Forecast Is Grim
The Forecast Is Grim Filed under: Business Blitz New claims for unemployment benefits jumped last week to a 16 year high in America. And, unfortunately, things won't get better any time soon. The Federal Reserve has announced that our economic woes are expected to continue "well into next year." Eeeek! …
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Mentions of "deflation" in news stories has jumped
A jump in mentions of "deflation" in news storiesONLY a few months ago, inflation was the main concern of central banks as the price of oil and other commodities soared. Deflation was not only unthinkable but rarely mentioned in the press.…
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Kuwait, Dubai Tackle Their Ills
Kuwait and Dubai moved to bolster market confidence as the global economic tumult tests leaders in the region and upends business-as-usual mentalities.…
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Freddie Mac: Mortgage rates decline again
NEW YORK (MarketWatch) -- U.S. fixed-rate mortgages fell for the third straight week, according to Freddie Mac's survey released Thursday. The national average interest rate on the benchmark 30-year, fixed-rate loan averaged 6.04% in the week ending…
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