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The True Story Of How California Came Back From The Brink And Started Kicking...
Last week, California Gov. Jerry Brown announced that for the first time in years, the state was projected to run a surplus starting next fiscal year.Given what the state went through during the...
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A Major New Oil Pipeline Is Going To Raise Half The Country's Gas Prices
Last week, a major new oil pipeline was completed to connect processing facilities in Oklahoma with port refineries near Galveston, Texas, according to Platts.Drillers are celebrating.But many...
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America's Infrastructure Ranks... 25th In The World
The World Economic Forum’s Global Competitiveness Report for 2012-2013 exposes that U.S. infrastructure compares unfavorably with that of most advanced countries and even some developing nations.The...
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The FAA Has Grounded Boeing's Dreamliners
The FAA is requiring American airlines to ground their fleets of Boeing's 787 Dreamliner passenger jet, Reuters is reporting.According to the news agency's Twitter feed, the FAA will work to "develop...
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SHALE FAIL: There Won't Be Enough Energy For The Economic Growth We Want
[Many longtime followers of the Crash Course have asked Chris to update his forecasts for Peak Oil in light of the production increases in shale oil and gas over recent years. What started out as a...
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Australian Employment Unexpectedly Falls
Australia's December employment figures are out.Employment fell by 5,500 in December. Economists surveyed by Bloomberg were looking for a 4,000 gain.The unemployment rate was revised up to 5.3 percent...
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BP Predicts The US Will Be Self-Sufficient In Energy By 2030
Warnings that the world is headed for "peak oil"– when oil supplies decline after reaching the highest rates of extraction – appear "increasingly groundless," BP's chief executive said on Wednesday.Bob...
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REPORT: The EPA Backtracked On A Tainted Water Finding After A Driller...
WEATHERFORD, Texas (AP) — When a man in a Fort Worth suburb reported his family's drinking water had begun bubbling like champagne, the federal government sounded an alarm: A company may have tainted...
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The Essential Stories Everyone Needs To Read About China Today
The Sinocism newsletter is compiled by Bill Bishop, and republished here with permission. Be Informed About China. The Sinocism China Newsletter. FreeOur kids started their five week Chinese New Year...
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Foreclosures Fell To A 6-Year Low In December
December foreclosure activity was at its lowest level since April 2007, down 21 percent year-over-year, according to RealtyTrac's latest foreclosure report.Foreclosure activity was down 10 percent...
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And Now, Air India Has Grounded Its Boeing 787 Fleet (BA)
NEW DELHI (AP) — Air India grounded its fleet of six Boeing 787 aircraft Thursday under orders from Indian aviation authorities after the jets were forced to halt flights in Japan and the U.S. because...
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Markets Are Going Nowhere In Europe
Markets are mixed early in the European trading session.England's FTSE is flat.France's CAC 40 is up 0.5 percent.Germany's DAX is down 0.2 percent.Spain's IBEX is up 0.5 percent.Italy's FTSE MIB is up...
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Tim Geithner Has Allowed Zombie Money To Drive The Markets, And This Poses...
On January 25, Timothy Geithner will step down as US Treasury Secretary. A lot of people will say and write a lot of things about him at that point, and it sounds like a good idea to be ahead of the...
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Rio Tinto's CEO Is Getting Replaced After A Massive $14 Billion Writedown
LONDON (Reuters) - Rio Tinto <RIO.L> sacked chief executive Tom Albanese on Thursday and revealed a $14 billion writedown in connection with his two most significant acquisitions, Mozambican coal...
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If China Lands Hard, The US Would Do A Lot Better Than The Rest Of The World
"Our core scenario is that China will grow by 7.4% in 2013," write the analysts at Societe Generale. "There is still a chance however that China could land hard, with growth of less than 6%."This is...
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CRAMER: Dan Loeb Is Going To Crush Bill Ackman In The Herbalife Fight (HLF)
Jim Cramer has picked a winner in the Herbalife cage match.As you will recall, two hedge fund giants--Bill Ackman and Dan Loeb--have taken the opposite sides of this trade.Bill Ackman argues that...
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10 Things You Need To Know This Morning (MS, SLB, GE, SPY, DIA)
Good morning. Here's what you need to know.Asian markets were higher in overnight trading with the Nikkei up 2.86 percent on reports that the central bank and ministry of Finance are talking about...
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PRESENTING: The Biggest Divide On Wall Street
PRESENTING: The biggest contradiction on Wall Street.Sell-side analysts are at historic levels of stock market bearishness, as this BofA indicator shows. (Via Barry Ritholtz)And on the other hand,...
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SocGen's Excellent Presentation Dives Into The Question: 'What If China Lands...
China released Q4 2012 GDP figures last night, and the numbers came in slightly above economists' estimates, re-accelerating to 7.9 percent growth year-over-year from 7.4 percent in the previous...
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The True Story Of When Everyone Thought Japan Was Going To Take Over America ...
The value of the Japanese dollar is falling again, now that new Prime Minister Shinzo Abe has pledged to reinflate the country by instructing the country's central bank to make asset purchases.It's now...
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