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BusinessWeek
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Despite huge oil and gas reserves, Venezuela lurches into a power crisis caused by years of infrastructure neglect
Angela Marquez should be pleased, considering the long line of customers at her paint store in the central Venezuelan city of La Victoria..
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CNN
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Asian markets fell Thursday after Wall Street posted its second big drop in a week as investors worried about the extent of fallout from the global credit crisis. Japan's benchmark index sank 2 percent, while the Hang Seng in Hong Kong tumbled 3.2 percent..
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BusinessWeek
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As the crisis for investors trapped in auction-rate securities grinds into its fourth month, a few slivers of hope have emerged. Some issuers are buying back all or part of the securities, which were often sold as a higher-yielding alternative to money fu..
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BusinessWeek
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What's behind the current food shortages: Is the increase in ethanol production to blame or is hoarding the problem?
As world rice prices set new records daily, the World Bank has warned that the crisis could further impoverish 100 million people (Busi..
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BusinessWeek
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The financial crisis isn't over, but by several measures investors are letting go of their worst fears
Lately, Wall Street feels like a less anxious place. No, the credit crisis isn't over. An optimist is still hard to find. But ever since the terrifyi..
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BBC News
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Citigroup has suffered a second massive loss as the credit crisis continues to take its toll on the biggest US bank.
It made a loss of $5.11bn (�2.7bn) in the first quarter, although this was smaller than the $9.8bn loss reported in the final three m..
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MSNBC
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Federal Reserve Chairman Ben Bernanke said Thursday that regulators must move ahead on ways to prevent a future financial crisis from occurring even as they battle one that threatens to plunge the country into recession.
“We do not have the luxury of..
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SF Gate
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It was only by coincidence that the giant overhaul of U.S. financial regulations proposed by the Treasury Department on Monday arrived during a financial crisis, but a key part of the plan, to extend the Fed's regulation of investment banks, is a reaction..
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MSNBC
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The cascading fallout from the subprime loan crisis, barely a cloud on the horizon a year ago, is now viewed by experts as the economy’s gravest threat.
In a survey being released Monday, 34 percent of the members of the National Association for Busi..
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MSNBC
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Treasury Secretary Henry Paulson said Thursday that various proposals being put forward to deal with the U.S. housing crisis would do more harm than good.
While he said the housing correction remains the biggest downside risk to the economy, the proble..
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MSNBC
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Troubled French bank Societe Generale SA said Thursday that a $7 billion trading scandal and the credit crisis in financial markets led to a fourth-quarter net loss.
France’s second-largest bank said it lost 3.35 billion euros ($4.91 billion) compare..
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MSNBC
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Here we are, tenants, paid our rent on time, went through credit checks and everything else, and now, all of a sudden, the landlord’s going bad on a mortgage,” he said.
Officials at the Bakersfield homeless shelter said they were at capacity but th..
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CNN
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Oil prices fell slightly Thursday in Asia after a jump the previous session on unexpected declines in U.S. crude stocks and following the Federal Reserve's announcement of a plan to help banks through the credit crisis. The almost five percent surge Wedne..
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SF Gate
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Even the great Warren Buffett scratches his head over the complex financial instruments that underlie the nation's foreclosure crisis.
"You can't turn a financial toad into a prince by securitizing it," he said to Hillary Rodham Clinton at a fundraisin..
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MSNBC
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Credit-market tremors — like the ones linked to the housing crisis — are beginning to show up in the $85 billion student-loan market.
So far, there is no apparent shortgage of loans available to college-bound Americans. But analysts say rising defa..
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BusinessWeek
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Analysts' profit predictions for Wall Street titans keep falling as the credit crisis drags on
The holidays may be around the corner, but the bigwigs who run Wall Street are feeling anything but merry. And there's now a growing belief that giants like..
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CNN
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German investor confidence has sunk to its lowest level for more than 14 years as the subprime lending crisis fuels expectations of a "considerable economic downturn" in the United States, a closely watched survey showed Tuesday.
The ZEW institute's in..
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BBC News
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World markets have fallen back on renewed fears about the full impact of the sub-prime crisis on the US economy, echoing heavy falls on Wall Street.
Japan's Nikkei index lost 2.1%, or 352.9 points, to close at 16,517.5, while Hong Kong's Hang Seng fell..
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BBC News
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Global stock markets have recovered some ground from last week's sharp falls after central banks moved to ease fears of a worldwide credit crisis.
European markets rose in morning trade, although the European Central Bank still pumped an extra 48bn eur..
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CNN
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Fears of a global liquidity crisis gathered pace on Friday, hitting stocks and high-yielding currencies, while the European Central Bank and Asian authorities acted to calm surging short-term borrowing costs. What started as trouble with risky U.S. reside..
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