Newsworthy

Media started talking about the aftermath of the oil disaster. President Obama went in front of the nation talking about the clean up effort and his commitment to the region. The oil gusher is not on the front pages of newspapers anymore. The aftermath? After what? This is like making plans to rebuild a...
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Sen. Charles Grassley (R-Iowa) suggested earlier this week in an interview with Iowa radio station WMT that AIG executives should follow the old tradition of the disgraced Japanese samurai to commit the ritual suicide (hara-kiri) and rid society of themselves.
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It turns out we didn’t need Jack Bauer after all.   At least not yet.   Reading yesterday’s headlines about the economy, I myself started to think that he could be our last hope. After the day was over, my wife and I went to the grocery store and would you believe it? Everything...
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Panic. One word that can derail even the most resilient financial market anywhere on our planet. It so happens that panic is pretty much everywhere in the global financial system right now. And when panic reigns, everyone suffers. Yet panic could be good – it makes people act. And something clearly has to be done. Something...
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When speculators are in play, things rarely make sense. Take crude oil, for example. Just a few months ago, the upward trend of the price of the greatest commodity in human history seemed unstoppable. After it hit $100, it quickly crossed $110, $125, $140… analysts left and right were fighting to be the first...
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