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Bubble Trouble?

Traders in Sao Paulo’s futures and commodities market. Photograph: Dado Galdieri/AP
Everywhere the story is the same. Gold: at a record high, above $1,100 an ounce. Shares: 50% up since March. Oil: back to almost $80 a barrel. Bonds: yields on two-year gilts at a record low. Average UK house prices: up £11,000 this [...]

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National Unemployment Rate Hits 10.2% - Highest Rate Since 1983
WASHINGTON (MarketWatch) - In another sign that workers are being left out of the budding economic recovery, the U.S. unemployment rate climbed to 10.2% in October, topping the 10% mark for the first time in 26 years.
Nonfarm payrolls dropped by a seasonally adjusted 190,000 in October, [...]

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Wall Street on the Lam
Slashing executive salaries, bonuses and perks at the seven bailed-out companies that gorged most gluttonously at the public trough is emotionally satisfying, but it shouldn’t be. It’s like arresting jaywalkers while ignoring the bank robbery that’s happening in broad daylight down the block.
Don’t get me wrong. The Obama administration’s “pay czar,” [...]

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Home Foreclosures Not Stopping Anytime Soon
Every 13 seconds in America, there is another foreclosure filing. That’s the rhythm of a crisis that threatens to choke off hopes for a recovery in the U.S. housing market as it destroys hundreds of billions of dollars in property values a year.
There are more than 6,600 home foreclosure filings [...]

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End of the Line for Pontiac Assembly Plant
This year, thousands of Michigan families are losing their jobs with the Big Three automakers and their suppliers. On Tuesday alone, Pontiac Assembly Center, the last assembly line in the scrappy capital seat of Oakland County, built its last truck. It is one of seven factories that General [...]

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Is Capitalism a Love Story or Nightmare?
Many Americans think that Capitalism and Democracy are the same thing.  This is simply not true.
Michael Moore has proven again and again that he has a remarkable feel for where the zeitgeist is heading. He’s like a zeitgeist divining rod.
Roger and Me was way ahead of the curve on [...]

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