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‘On the Edge’ Banks Facing Writedowns After FDIC Loan Auctions – Bloomberg.com
The next European country set for debt watch: France – The Globe and Mail
FT.com – Edward Chancellor – How long has the lucky country got?
Defaulted Loans May Haunt Seniors – WSJ.com
FT.com – Big bank oversight to stay with Fed
Economist’s [...]

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Social networks and the massive migration within China | vox
Wirtschaftswunderland China: Der Weltfabrik gehen die Arbeiter aus – SPIEGEL ONLINE – Nachrichten – Wirtschaft
Economic View – Rethinking the Government’s Role in Housing Finance – NYTimes.com
The Renter Roadblock – NYTimes.com
Glacier melting a key clue to tracking climate change
It’s official: An asteroid wiped out the dinosaurs
China wants [...]

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When former Morgan Stanley chief Asian economist Andy Xie comments on the United States, he focuses on a bailout nation keen on perpetuating a bubble economy predicated on malinvestment and overconsumption.  In this he sees parallels with Japan and its long malaise.
Japan has experienced two decades of economic stagnation since the collapse of the infamous [...]

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Morgan Stanley – Global Economic Forum – Debating Debtflation
FT.com – Pandit blames Citi’s woes on short selling
Marshall Auerback: A tale of two recoveries – Germany and Malaysia, Part II
Stuck in neutral – what Japan’s rebalancing can teach us – Michael Pettis
U.S. lawmakers launch push to repeal NAFTA | Reuters
Economist’s View: [...]

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Getting Old Is Expensive – Economix Blog – NYTimes.com
Sovereign-crisis trades spark regulatory backlash – MarketWatch
Long-time cannabis use associated with psychosis – Science Daily
Slashdot Your Rights Online Story | German Data Retention Law Ruled Unconstitutional
A Leading Economist Mulls the Next Crisis – Interview with Joseph Stiglitz – Barrons.com
Economist’s View: "Maybe Debt [...]

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Detroit homes sell for $1 amid mortgage and car industry crisis | Business | The Guardian
Aides say Coakley will seek reelection as attorney general – The Boston Globe
Depression’s Upside – NYTimes.com
Bankruptcy looms, Greek PM warns – The Globe and Mail
400,000 Will Lose Jobless Benefits Next Week – Economix Blog – NYTimes.com
Scientists Discover Booze That Won’t [...]

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Chilean Quake Likely Shifted Earth’s Axis, NASA Scientist Says – Bloomberg.com
Strong demand for 30 year gilt auction | Business | guardian.co.uk
GM to recall 1.3 million cars in North America
FT.com / Europe – Spanish jobless rate hits 19% as recession spreads
FT Alphaville – Tracy Alloway – On the non-existent basis of a [...]

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A few words about the last link.  When I checked, there were 600+ comments on the post about the Washington Hospital Center firing nurses for the “gross misconduct” of missing work during blizzard conditions.  The comments were running 9 to 1 against the decision.  I applaud the outrage people are finally showing for the callous [...]

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The last feature on the list of links below is on CRE in Washington D.C. where the economy is fairly robust. If you know anything about these properties, you would agree these are not poor properties at all. The problem with them is not location or property maintenance; it’s the debt.  The properties were leveraged [...]

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A parable about how one nation came to financial ruin. – By Charles Munger – Slate Magazine
New York State of Disrepair – WSJ.com
Liz Pulliam Weston: Broke? Calculate your debt ratios – MSN Money
Federal Reserve talk belies likely action on money supply – Bill Fleckenstein
Why the IMF should deal with Greece – [...]