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Millions of Americans to Lose Unemployment Benefits

Millions of Americans to Lose Unemployment Benefits

800,000 Americans are set to lose all their unemployment benefits by the end of the month, a figure which is set to soar to 2 million by the end of the year as The House of Representatives voted against a bill to extend jobless benefits. Over 4 million...
Is the U.S. Dollar Finished?

Is the U.S. Dollar Finished?

A remarkable consortium of six nations gathered last year in the Russian city of Yekaterinburg. Its purpose was to plan a strategy to replace the U.S. dollar as the world’s reserve currency. The Shanghai Corporation Organisation may sound innocuous...
Unspent TARP money to be used for jobs: Obama

Unspent TARP money to be used for jobs: Obama

Barack Obama, President of the United States of America, has said that the unspent funds Share
US jobless rate at 26 year high, crosses 10 percent mark

US jobless rate at 26 year high, crosses 10 percent mark

Unemployment in the US increased more than expected last month to record Share
US Economy: 531, 000 new jobless claims reported

US Economy: 531, 000 new jobless claims reported

In the U.S. this week, 531,000 new claims were filed by people seeking unemployment Share
Despite drop in sales, IBM posts stronger earnings than anticipated

Despite drop in sales, IBM posts stronger earnings than anticipated

On Thursday, International Business Machines (IBM) came out with its results for the Share
US Economy: Rise in Consumer Prices slows while manufacturing expands

US Economy: Rise in Consumer Prices slows while manufacturing expands

According to reports by the Labor Department, consumer prices in the U.S. Share
U.S. Initial Jobless Claims Drop To 550,000

U.S. Initial Jobless Claims Drop To 550,000

The number of Americans filing new claims for jobless benefits fell more Share
U.S. GDP contracts 6.1 per cent 1Q

U.S. GDP contracts 6.1 per cent 1Q

The U.S. economy has contracted 6.1 per cent in the first quarter Share
Global financial crisis and currency war

Global financial crisis and currency war

As one of the founders of the Bretton Woods institutions, Harry Dexter White once commented: “Currency warfare is the most destructive form of economic warfare. Economic warfare eventually brings war”. The world is approaching its first “lost...
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