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Tag Archives: Money News

The Dark Heart of the Libor Scandal

Mark Vorpahl  | Though, for most, the London Inter-Bank Offer Rate (Libor) interest rate fixing scandal appears to be distant and far too complex to understand, its potential consequences may be as economically devastating as a world war. The Libor is used ...

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The American Empire Is Bankrupt

This week marks the end of the dollar’s reign as the world’s reserve currency. It marks the start of a terrible period of economic and political decline in the United States. And it signals the last gasp of the American ...

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Top Secret Credit Crisis Bailouts

Interesting stories are stacking up again so it’s time for some economic potpourri starting with secret dealings by the Fed. Fed Refuses to Release Bank Lending Data, Insists on Secrecy The Fed refused yesterday to disclose the names of the ...

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The Banality of Corporate Evil

By Phil Mattera Our culture worships spunky small businesses and entrepreneurship.  Stewart Parnell epitomized that ideal and was living the good life in Lynchburg, Virginia until last month, when his Peanut Corporation of America (PCA) was linked to one of ...

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