Submitted by Econbrowser
At the risk of losing my audience by skipping over the the record housing price decline, and an outsized drop in the consumer confidence index, I’m going to focus on what seems like old news (but is being reflected in current news on the dollar), namely the OECD reduction in growth forecasts for […]

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Submitted by CARPE DIEM
LONDON (Reuters) - Maybe, just maybe, the financial world is not about to implode.
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Submitted by CARPE DIEM
In Bosque County, 40 miles west of Waco, a crop is being grown in Texas where it has never grown before. Can you guess which crop and why? Find out here.
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Submitted by CARPE DIEM
 
Under the scoring rules of bowling, you get rewarded, not penalized, for being successful. If you get a spare, the scoring system rewards you by adding the pins from your next ball into the current frame, and if you get a strike you get rewarded by adding your next 2 balls into […]

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Submitted by CARPE DIEM

NEW YORK — The Justice Department gave its OK on Monday to a deal that would put Howard Stern and Oprah Winfrey under the same satellite radio company roof. The announcement boosted XM shares 15.5% to $13.79 and Sirius 8.6% to $3.15 (see chart above).
Now that the Justice Department has stepped aside, […]

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Submitted by CARPE DIEM
 
THE ECONOMIST–Petrol prices have risen as the oil price has increased. But the driver’s pain at the pump differs across countries, dependent in part on the proportion of the cost that is paid in taxes. Turks have the most reason to feel aggrieved, closely followed by the British. Americans still enjoy relatively […]

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Submitted by EconWeekly
After reading comments from readers and doing my homework I’ve made some changes to the previous post, where I describe recent innovations in the Federal Reserve’s modus operandi. The text in bold face is either new or has been rewritten from the previous version. I’ve also added a couple of tables to illustrate […]

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Submitted by CARPE DIEM
Total all-time Olympic medals won by India: 17Total all-time individual GOLD medals won by India: 0
Total all-time Olympic medals won by US: 2,407
Total all-time individual GOLD medals won by US: 896
Source: Wikipedia
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Submitted by CARPE DIEM
Top 10 Organizations for Annual Giving, 2007
(Source: Annual Reports)

BENTONVILLE, Ark., Feb. 25, 2008 – Wal-Mart announced that the company and its Foundation gave $296 million in 2007 – $5.6 million per week – benefiting more than 4,000 U.S. communities. Donations last year reflected a $23 million increase over giving in 2006.
Additionally, […]

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