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Euro Zone: ‘Depression’ Makes Return to Mainstream Lexicon – CNBC
Harvard professor and economic historian Niall Ferguson, a fan of the British government’s austerity drive and skeptic of further stimulus, reckons the world is facing a “slight depression” and favors comparison with the late 19th century rather than 1930s.
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Zehn Jahre Afghanistan-Einsatz: Ehemalige Militärs nennen Einsatz gescheitert – Ausland – FAZ
Vor zehn Jahren begann die Nato-Intervention in Afghanistan: Der ehemalige Generalinspekteur der Bundeswehr Kujat hält den Einsatz für gescheitert. Der einstige Kommandeur der internationalen Truppen, McChrystal, sagte, nur die Hälfte der Kriegsziele seien erreicht worden.
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Moody’s cuts credit ratings on UK banks RBS and Lloyds | Reuters
(Reuters) – Credit rating agency Moody’s downgraded Britain’s part-nationalized banks Lloyds and Royal Bank of Scotland on Friday, although Britain’s finance minister said UK banks were well-placed to cope with a European debt crisis.
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Factory gate inflation highest in three years – Telegraph
British factory gate inflation rose to its highest in nearly three years in September, raising doubts about whether consumer price inflation will slow next year as rapidly as the Bank of England predicts.
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How Important Was Smoot-Hawley?, David Henderson | EconLog | Library of Economics and Liberty
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Warning: Greece Can Break Glass and Leave the Eurozone « naked capitalism
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‘Occupy DC’ protesters rally in Freedom Plaza – The Washington Post
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Francia y Bélgica negocian contra reloj sobre Dexia · ELPAÍS.com
El problema radica en cómo se reparten los costes del segundo salvamiento de la entidad, que en 2008 corrió a cargo de las instituciones públicas belgas en un 60%. En este sentido, el primer ministro en funciones belga, Yves Leterme, manifestó que deseaba un “reparto justo de la carga” de las futuras ayudas.
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As you see, the total hours worked by U.S. employees fell and stayed off of a cliff, as did the general rate of employment. Germany and Canada–not so much. Why the dramatic difference?
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Arbeitsplatzgarantie: Post verzichtet auf Kündigungen | FTD.de
Deutsche Großkonzerne verzichten trotz des drohenden Konjunkturabschwungs auf die Möglichkeit eines durchgreifenden Personalabbaus. Einen Tag nach dem Autobauer Daimler unterzeichnete auch der Vorstand der Deutschen Post am Donnerstag eine Beschäftigungsgarantie für seine 130.000 angestellten Mitarbeiter in Deutschland.
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This article has all the pictures and videos
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Bank of England’s QE2 may reach £500bn, economists warn – Telegraph
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Mitt Romney: Grow military spending, build new ships, planes – The Washington Post
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Dexia shares suspended as restructuring plan nears completion – Telegraph
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Tim Geithner: Wall Street Anger at Obama Is ‘Inexplicable’ – Deal Journal – WSJ
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BBC News – How Estonia has avoided EU’s economic problems
It currently has the fastest economic growth in the EU, so what is Estonia doing right when other nations are in so much financial trouble?
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BBC News – ECB holds interest rates and offers loans to banks
The European Central Bank is offering new emergency loans to banks to help steady the eurozone’s financial crisis.
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Airlines can be charged for carbon pollution, court rules | Environment | guardian.co.uk