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A Potentially Useful European Precedent
8/31/2010
Europe is preparing for sovereign insolvencies with plans coming from France and Germany. For US jurists tempted to cite European precedents, here's one that might apply to states in deep financial trouble---the concept of 'orderly insolvency'.
Long Way Away From Recovery?
8/29/2010
Deficit spending is justified by the recession and is thought to be temporary...until the economy comes back. In the 1930's prosperity was 'just around the corner' but never came. Are we under the same delusion in 2010? A financial historian opines.
Bailed Banks Bailing On The Dollar
8/28/2010
Citigroup, one of the banks bailed out by the American taxpayer, is advising its customers to drop the dollar in favor of the Chinese renminbi. This aligns the bank with the Chinese government's push to make its money a reserve currency.
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