Desperate Measures - Fed Under Fire after Huge Rate Cuts at izbrano

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Desperate Measures - Fed Under Fire after Huge Rate Cuts

Spiegel - In a drastic step, the Fed has lowered its key interest rate to 3.0 percent, the second large cut in two weeks. Critics warn that the move poses its own dangers — and may even seduce banks into taking bigger risks.

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Now That’s Rich

NY Times, by Paul Krugman - Mr. McCain wants to preserve almost all the Bush tax cuts, and add to them by cutting taxes on corporations. Mr. Obama wants to roll back the high-end Bush tax cuts — the cuts in tax rates on the top two income brackets and the cuts [...]

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The greatest show the world has ever seen

Independent - It was all that was promised here in the fabulous chameleon of the stadium known as the Bird’s Nest. It then spread like the magic fire of some great forest across the vast and, for so long, hidden land. This, it was hard if not impossible to dispute, was the greatest [...]

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South Ossetia is not Kosovo

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