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Finally, A Politician Admits That Winning The Drug War Is "Impossible"
ENDING the consumption and the trafficking of illegal drugs is “impossible”, according to Felipe Calderón, Mexico’s outgoing president. In an interview with The Economist Mr Calderón, whose battle with...
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These 12 States Have A Serious Problem With Foreclosures
Foreclosure filings on U.S. homes were up 3 percent in October from a month ago, but down 19 percent from a year ago, according to RealtyTrac's latest foreclosure report.One in every 706 homes received...
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Another Week Gone And Our Pathetic Government Still Hasn't Resolved The...
Immediately following the November 6th general election, congressional leaders and the president began positioning themselves for negotiations to deal with the upcoming "fiscal cliff", a series of...
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Starbucks Is Done With 'Coffee'
YOUNGER Americans will have to take our word for it: there was a time, way back when Ronald Reagan was president, when your countrymen ordered coffee by simply asking for “coffee”. Ordering a “venti...
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GE Is So Stoked About 3D Printing, They're Using It To Make Parts For Jet...
CONFIRMATION as to how seriously some companies are taking additive manufacturing, popularly known as 3D printing, came on November 20th when GE Aviation, part of the world’s biggest manufacturing...
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If These Two Brilliant Investors Are Right About Future Growth, The World Is...
WHAT distinguishes modern man from his ancestors is the expectation of steady economic and population growth. Since the start of the 19th century, both have taken off in a way that was not seen in...
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Tech's 8 Most Fearsome 'Patent Trolls'
Called patent trolls or non-practising entities (NPE), companies that make most of their money from licensing patents don't have the best reputation.Just this week, the Wall Street Journal reported...
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China's Leading Indicators Continue To Improve
With the recent improvement in China’s PMI and now leading indicators, the worries over the Chinese economy might be a bit exacerbated (via Nomura):· Our China leading index picked up further in...
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One Look At These Three Charts, And You'll See The Real Reason That Obama...
Obama recently became the first-ever US President to visit Myanmar, a Southeast Asian Country which has recently made Democratic breakthroughs.But the truth of the matter is that Myanmar is a...
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Any Liberal Who Whines About Walmart Needs To See This Epic Twitter Truthbomb
With Christmas shopping, strikes, and Black Friday, there's been a new wave of anger directed at Wal-Mart.These 17 tweets from Reason's Peter Suderman, put together by Lachlan Markay, is a great other...
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What The Latest High-Frequency Economic Data Says About The Economy
The limited October data released this past week was mainly housing and it was positive, including existing home sales and housing starts. Permits declined slightly from their 4 year high the month...
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JIM O'NEILL: Here's What's Coming Next...
Jim O'Neill, Chairman of Goldman Sachs Asset Management, is out with his 2013 and 2014 global economic outlook.First, here are the expectations, in a handy table. The columns to note, for O'Neill's...
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Congress Is Thinking About A Sneaky New Scheme To Raise Taxes — And The Upper...
The primary Fiscal Cliff challenge is this: Democrats insist on raising taxes on the rich. Republicans, who are terrified of Grover Norquist and primary challenges (and who generally hate tax hikes)...
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12 Insights From The Always Charming Commodities Guru Jim Rogers
Jim Rogers started on Wall Street back in the 60s and went on to co-found the Quantum Fund with George Soros. Then he packed up and moved to Singapore, essentially shorting the west.Now he's heavily...
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Remember All Those "Pro-Democracy" Protests Last Year? Here's What They Were...
The widespread protests across the Middle East and northern Africa in last year's "Arab Spring" were often viewed as the awakening of a critical region to the virtues of democracy.And they may have had...
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Citi Analyst Calmly Explains Why The Great Bull Market In Commodities Is...
The big call of last week was from Citi energy analyst Edward Morse, who predicted that the great commodity bull super-cycle had peaked, and that the price of oil and other commodities would enter...
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The Sex Tape That Brought Down A Communist Party Boss Could Just Be The Tip...
Last week, Chinese Communist Party member Lei Zhengfu was forced out of his role as the boss of Chongqing’s Beibei District after a tape showing him having sex with an 18-year old mistress circulated...
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KRUGMAN: This Is The Chart That Debunks What Everyone Says About The National...
Paul Krugman posts a simple chart that makes a profound point.It compares the yield on UK debt vs. US debt.What should stand out for you, instantly, is that the two countries borrow at virtually...
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Researchers Discovered The Psychological Reason That People Like To Invest In...
As an investment vehicle, housing has a pretty mediocre track record, but people love to think of their house (or housing in general) as a good general investment to have. Even after the great crash,...
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GRANTHAM: Here Are The Basic Forces That Will Send Growth To Near-Zero For...
Jeremy Grantham recently released his quarterly letter to GMO clients.Titled On The Road To Zero Growth, the note was pretty depressing.Grantham sees real US GDP growth trending at 0.9 percent through...
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