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Los Angeles debt crisis

How congress's vote on the debt-ceiling could affect your personal finances

As Washington gets closer to the August 2nd deadline, the world is keeping a close eye on what could potentially have a disastrous outcome if...
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Should the U.S Government have its borrowing privilege revoked?

  • U.S government financial practices
  • July 28, 2011
If one of the credit card agencies were to examine the U.S. government's financial practices, what wouldresult? If you or I were to continue...
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The Politics of No

Something quite remarkable happened this weekend. The President questioned whether there was anything Republicans can say “yes” to....
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NAACP Set to Begin Annual Convention in Los Angeles

Downtown Los Angeles is hosting the NAACP’s 102nd Annual Convention. The yearly gathering of the oldest civil rights organization is taking...
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Ron Paul: Solution for the economic crisis is for government to get out of way

Congrssman and Presidential candidate Ron Paul was a guest on Bloomberg Television on December 14th, and he told the business reporters...
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Dollar crosses 80 on the index as world volatility reaches three year highs

The global economy is reaching the same fever pitch of volatility as in 2007 just before the credit crash, and bank liquidity crisis. Only this...
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EU agreement could be gone as Sarkozy falls behind in election polls

  • EU
  • December 12, 2011
One of the two pillars holding together the new European Union agreement signed last Thursday may be losing ground in upcoming French elections as...
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Ron Paul calls for banks to take haircut for their European exposure

On November 14th, Congressman and Presidential candidate Ron Paul called for US banks to take a haircut for their European exposure, and said it is...
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Market rumors from Europe now tie cocaine use by traders to stock volatility

Over the past month, the US markets have rallied in part due to rumors coming out of Europe each day that inevitably prove untrue, but are enough...
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Debt Crisis: three days into new fiscal year borrowing increased $162 Billion

The US government is now just four days into the new fiscal year, and in the last three days alone, the Treasury has borrowed $162 Billion dollars...
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