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Apr
17

Miss Daisy Feels Peachy

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Ambler, PA — Local robotics teams that made the achievement of qualifying for the world championships are in Atlanta, GA. The Wissahickon High School Team 341 “Miss Daisy” obtained many awards this season including first place at the Western Regionals in San Diego, CA.
Team 341 arrived in Atlanta on Wednesday. On Thursday [...]

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Mar
28

Oboma Budget Bad Business

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The world has been waking up and raising a voice against President Oboma’s budget and stimulus plans. How can you spend, spend, spend money you don’t have? Who will pay back the debt?
The European Union has taken a stance against the massive amount of spending. The head of the EU, Czech Prime [...]

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Mar
24

China Says: Reform the International Monetary System

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The People’s Bank of China is calling for a universal currency. Russia has also expressed a desire for the International Monetary Fund (IMF) to use a single, non-dollar based currency. China holds a trillion dollars of US debt in dollars.
The article, What Is a Dollar Worth, considered the risk of future inflation because [...]

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Feb
27

The Ever Shrinking Economy

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Washington, DC — The Commerce Department released its report on the 4th Quarter GDP. Though it was expected to be bad, it came in even worse — down 6.2 percent on an annual rate.

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Feb
16

Bank Failures Increase Worldwide

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by widgette.com
Bank failures continue to escalate over the face of the globe. Four more US banks were closed by regulators in Nebraska, Florida, Illinois and Oregon.
In the UK, Lloyds is already 43.5% government owned after having to seek assistance last fall. Now, they face $14.2 billion loss. At the same time, they [...]

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Feb
11

Another Great Depression?

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by widgette.com
Could the current economic crisis lead to another great depression? The Minneapolis Federal Reserve Bank has released a study that suggests the government needs to be careful in order to avoid such a problem. Massive public intervention to maintain employment and investment, if they distort incentives enough, can lead to a [...]

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Feb
3

Hitachi Reverses Financial Outlook / Cuts Jobs

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Tokyo, Japan — Hitachi changed their forecast from profitability to a 4.1-billion-dollar quarterly loss.
Hitachi is one of the world’s largest corporations. It was founded in 1910 by Namihei Odaira as an electrical repair shop. They succeeded in manufacturing three 5hp (3.6775 kW) electric motors as the company’s first products.
Today, they manufacture consumer products:
[...]

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Feb
1

America Recovery and Reinvestment Plan

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n the weekly address, President Barack Obama addressed the latest economic news and urged the passing of an America Recovery and Reinvestment Plan.
He also announced that Treasury Secretary Timothy Geithner is preparing a new strategy for reviving our financial system — which will not only ensure that CEOs aren’t abusing taxpayer dollars, but also get [...]

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Jan
29

Entertainment Headlines: American Idol, Elvis and Ali

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by RomBox.com
CKX, Inc. owners of American Idol, Elvis Presley, Graceland, Muhammad Ali, Robin Williams, Billy Crystal, Woody Allen, Kelly Clarkson, Chris Daughtry and Carrie Underwood announced their director had resigned.
CKX, Inc. (Nasdaq: CKXE) and 19 Entertainment Limited announced today that last night’s Wednesday premiere of American Idol drew approximately 30.3 million viewers, retaining 100% [...]

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Jan
24

World Recession / Global Slowdown

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Markets around the world are falling. This could be the first time that so many countries have slid into recession at the same time. The United States has been in a recession for the past year. Great Britain announced that it, too, had fallen into recession. In Korea, Samsung posted its [...]

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