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Watchwoman on the Wall
Obamarket Plunges AGAIN! Down 307 points. (Down 419 at close)
By
Donna Calvin
UPDATE – CNN Reports at the close – Wall Street was walloped Thursday by a stock sell-off driven by renewed fears about the U.S. and global economies. Major stock indexes plunged. Investors plowed their money into safe U.S. government bonds — briefly pushing the yield on the benchmark 10-year Treasury below 2%. And gold settled at a…
AN ALIEN INVASION WOULD BOOST THE ECONOMY…SAYS PAUL KRUGMAN, Keynesian Economics Expert (video)
By
Donna Calvin
PAUL KRUGMAN’S EXPLANATION OF KEYNESIAN ECONOMICS Let‘s start out by saying that Paul Krugman probably doesn’t really think the government should lie to the country about alien invaders attacking the world just to boost the economy and create jobs. Still, that’s the analogy he used while appearing with Fareed Zakaria on CNN and trying…
New Tax On Financial Transactions
By
Donna Calvin
Want tax on financial transactions… Joe Weisenthal French President Nicolas Sarkozy has expressed plans to introduce a “Tobin tax” in Europe: This means taxes on financial transactions, which is something the banks will hate. Obviously we need details, but this is not minor news if it’s carried forth. On the surface, we’d expect banks to…
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