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Obama’s Reset: Arab Spring or Same Old Thing?
President Barack Obama in the Blue Room of the White House standing with, from left, Vice President Joe Biden, Ambassador Ryan Crocker, Secretary of Defense Robert Gates and General …
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New York Investigates Banks’ Role in Financial Crisis
The New York attorney general has requested information and documents in recent weeks from three major Wall Street banks about their mortgage securities operations during the credit boom, indicating …
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Doha Goes on Life Support
The impasse continues in the WTO's Doha negotiations, to the point that even the relentlessly optimistic Secretary General Pascal Lamy, after another deadline-driven search for concessions, admitted that there …
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Tea Partiers March to Lobbyists’ Tune
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What a Public Bank Could Mean for California
California State Capitol, Sacramento. (Photo: Willem van Bergen) California is the eighth largest economy in the world, and it has a debt burden to match. The state …
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US Government Hits Debt Ceiling, Lighting 11-Week Fuse
Treasury Secretary Timothy Geithner informed Congress on Monday that the United States has reached its legal debt limit, setting off a ticking time bomb that could explode in less …
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Strong Unions: The Worst Nightmare for the Financial Elite
Protesters in Madison, Wisconsin, February 19th, 2011. (Photo: ra_hurd) The antiunion movement in the United States keeps us underpaid and represents a serious impediment to economic growth. …
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The Battle Is Squared, and Why We Need Budget Jujitsu
Technically, the federal government has now reached the limit of its capacity to borrow money. Raising the debt ceiling used to be a technical adjustment, made almost …
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Dominique Strauss-Kahn and Global Capitalism’s Heart of Darkness
Dominique Strauss-Kahn, the leader of the International Monetary Fund, appears in court for an arraignment over allegations that he had sexually assaulted a maid in New York, May 16, …
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Following 2010 Election Defeats, Blue Dogs Turn to Lobbying
Almost a third of the Blue Dog Democrats who retired or were defeated in 2010 have gone to work for organizations that lobby their former colleagues in Congress, according …