Economic and financial crises

                   
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Lone Star to take IKB out of shadows

ft.com     6 hrs ago   41 related          

Lone Star hopes to restore the profitability of Germany’s IKB bank within three years, the US investment group said on Thursday as it announced a deal to take control of one of the biggest European casualties of the financial...                    

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China steps into gap left by faltering US

telegraph.co.uk     4 hrs ago   9 related          

By Malcolm Moore in Hong Kong Bitter memories of the Sino-Japanese war are being swept away as China becomes Japan's biggest export market, writes Malcolm Moore in Hong Kong For the first time since the Sino-Japanese war ended...                    

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Half the world economy - including the UK - is in recession or on the brink of it

thisislondon.co.uk     8 hrs ago   6 related          

Half the world's economies are in recession or on the brink --with the UK sliding deeper into trouble, say financial experts. Leading investment bank Goldman Sachs yesterday painted an alarming picture of the global economy.                    

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Nouriel Roubini: The Perfect Storm of a Global Recession

project-syndicate.org     4 hrs ago   1 related          

NEW YORK – The probability is growing that the global economy – not just the United States – will experience a serious recession. Recent developments suggest that all G7 economies are already in recession or close to tipping...                    

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thisislondon.co.uk: John McCain and wife Cindy thisislondon.co.uk

'I don't know how many homes I own'... John McCain damages bid to make the White House his EIGHTH

thisislondon.co.uk     9 hrs ago   136 related          

John McCain has made a major blunder in his campaign to be U.S. president - by admitting he does not know how many homes he and his wife own. 'I think - I'll have my staff get to you,' McCain responded when asked about his...                    

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Supermarkets and convenience stores hike food prices by 6 per cent in a single month

thisislondon.co.uk     4 hrs ago   9 related          

Pricey: Food prices in supermarkets and convenience stores shot-up by 6 per cent in July Supermarkets and convenience stores put up food prices by 6 per cent in July, official figures show. It was the largest increase in the...                    

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Prem Sikka: Conservative ideology is why Britain is failing

guardian.co.uk     11 hrs ago          

It has become fashionable for Conservative politicians and others to blame the state for almost everything. The private finance initiative (PFI) developed by the Conservatives and championed by Labour, ensures that the profits...                    

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The return of the state: How government is back at the heart of economic life

ft.com     7 hrs ago          

For the best part of three decades, policymakers in the developed world followed Ronald Reagan and Margaret Thatcher in seeking to roll back the frontiers of the state. Yet the problems that began in credit markets a year ago...                    

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Nobel prize winners warn financial system is still not out of the woods

telegraph.co.uk     4 hrs ago          

By Ambrose Evans-Pritchard, International Business Editor, in Lindau, Germany A top caste of Nobel Prize economists has warned that the world's financial system may not start to recover for at least another year, leaving banks...                    

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Billionaires say US debts need attention

iht.com     3 hrs ago   22 related          

The billionaires behind a new film highlighting the nation's growing debt load and lack of savings hope America pays attention to the documentary "I.O.U.S.A." But billionaire Warren Buffett says he doesn't think the country's...                    

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