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More Alarm Bells As 440 Chinese Companies Issue Profit Warnings In One Day-Trumps Trade War??

Alarm bells are ringing in China as Beijing continues its relentless crackdown on shadow banking.

Hundreds of Chinese companies issued profit warnings, telling their investors that earnings for the full year were going to be below expectations, according to  122 more words


If Illinois Were Your Best Friend, She’d Be Asking to Borrow Some Money

And you’d be wondering what she did with the money you
already loaned her.

The state hasn’t had a balanced budget since 2001, every
year sliding deeper into debt as it scrambles to cover expensive pension… 1,630 more words


"Emergencies have always been necessary to progress"*...

The 2008 financial crisis continues to plague the world economy and our politics. It’s also messing with how we understand our narratives of global integration. Until recently, going global implied exuberant stories about one-world connectivity and technocratic togetherness.

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Life In Puerto Rico Is Not Easy

Life in Puerto Rico is not easy at all. Even though it is a small island, everything here is on a roller coaster. Of course the economy does not help. 168 more words

United States

Daniel Estulin – Back Trump or World Loses

NOTE BY NANCY:  Folks, the world scene is getting so serious that I am tempted to walk away and stop posting anything.    For the past 20 yrs., I have researched, written, and posted information about the true condition of our planet.  432 more words

Financial Crisis

Kunstler: America's "All Is Lost" Moment Looms

Last night I had a dream. You were in it and I was in it with you….”
— Randy Newman

As in this age of Hollywood sequels and prequels, America prefers to recycle old ideas rather than entertain new ones, so you can see exactly how 

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World's 26 richest people own as much as poorest 50%, says Oxfam

Charity calls for 1% wealth tax, saying it would raise enough to educate every child not in school

Larry Elliott

Source: The Guardian 713 more words