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+5 +1
Pope attacks global economics for worshipping 'god of money'
Pope Francis made one of his strongest attacks on the global economic system on Sunday, saying it could no longer be based on a "god called money" and urged the unemployed to fight for work.
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+9 +3
Angry Bangladesh garment workers protest over pay, factories shut
More than 100 Bangladeshi garment factories were forced to shut on Monday as thousands of workers protested to demand a $100 a month minimum wage and about 50 people were injured in clashes,
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+9 +1
The economist who predicted the financial crisis just sounded another alarm—it would be wise to listen this time
In his first official act as the new governor of the Reserve Bank of India (RBI), Raghuram Rajan raised the benchmark interest rate from 7.25 to 7.5%, causing a ripple of surprise in financial circles and eliciting protests from various business representatives. But for people who know the current condition of emerging markets and Rajan’s professional trajectory, this was not surprising, at all.
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+5 +1
Fed's underlying message a bad signal for U.S. profit growth
The euphoria with which investors in the U.S. stock market greeted the Federal Reserve's decision to stick with its easy-money policy has begun to evaporate, as the message the Fed was sending about a less-than-stellar economy sinks in.
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+15 +1
Lonelier and poorer: the incredibly depressing future for Americans
Let’s face it. When push comes to shove, we all die utterly alone. And apparently, more of us are living that way too, according to recent updates on the declining marriage rate in the US and its negative impact on American family finances.
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+5 +2
Why You Should Care About Bitcoin
Bitcoin has attracted a lot of news and high-profile investors in recent weeks, while the media still focuses on how ear…
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+11 +3
China 'to rent five per cent of Ukraine'
It would be the biggest so called "land grab" agreement, where one country leases or sells land to another, in a trend that has been compared to the 19th century "scramble for Africa", but which could now spread to the vast and fertile plains of eastern Europe.
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+8 +2
Four Old-School Ways to Thrive in any Economy
So, how’s the economic meltdown been treating you? Excited about the opportunities, or sick to your stomach worrying about how your bills will get paid?
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+9 +3
U.S. consumer spending rises as wages boost family income
U.S. household spending rose in August as incomes were buoyed by solid wage gains, signs that momentum could be growing in the economy despite months of harsh government austerity.
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+8 +1
Obama drafts $320 million rescue package for bankrupt Detroit
The Obama Administration has pledged $320 million in aid to Detroit as the city emerges from bankruptcy. Bloomberg reports that a delegation of administration officials arrived in the onetime auto-manufacturing capital on Friday and announced a package of federal, state, and private aid.
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+13 +4
Peru exports more illegal gold than cocaine, and it’s the world’s biggest exporter of cocaine
Peru isn't merely one of the world's largest exporters of gold—it's also one of its dirtiest. According to a recent report by international labor watchdog Verité, over 20% of the gold being mined in Peru is produced illegally.
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+11 +2
The U.S. Has a Huge Advantage Over China in Energy—and It's Growing
Conventional wisdom says that by many economic measurements, China isn’t far behind the U.S.—and is catching up fast. But in one vital sector—energy—the U.S. leads and is pulling away. And the odds of this lead diminishing anytime soon, Beijing’s current plans aside, are close to zero. Considering China’s gains in other areas, why is energy so different?
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+12 +7
Are Women Less Corrupt Than Men?
A new study finds that context determines whether women are more or less likely to succumb to bribery. Commentator Tania Lombrozo looks at the research and wonders what it says about a Mexican experiment aiming to reduce corruption among traffic cops.
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+11 +2
Europe's Youth Unemployment Crisis In One Grim Map
Spain is beaten, perhaps unsurprisingly, by Greece, but Croatia isn't far behind. Italy, Portugal and Cyprus also struggle. On the other side of the scale, Germany, Austria and the Netherlands have youth unemployment rates that are just a fraction of Spain's.
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+10 +4
Piracy Isn’t Killing The Entertainment Industry, Scholars Show
The London School of Economics and Political Science has released a new policy brief urging the UK Government to look beyond the lobbying efforts of the entertainment industry when it comes to future copyright policy. According to the report there is ample evidence that file-sharing is helping, rather than hurting the creative industries. The scholars call on the Government to look at more objective data when deciding on future copyright enforcement policies.
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+13 +3
America has low taxes …so why do people feel ripped off?
Today is the 100th anniversary of the federal income tax, which was signed into law by President Woodrow Wilson on October 3, 1913. To mark the occasion, Moyers & Company caught up with David Cay Johnston, who has probably forgotten more about our tax code than most economic experts ever knew.
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+7 +1
Study finds growth not helping Africa's poor
Improved economic growth over the past decade in Africa has failed to reduce poverty in a majority of countries on the continent, a new study has revealed. The Afrobarometer survey, released on Tuesday, said that despite playing host to some of the world's highest economic growth rates, many Africans still reported shortages of basic needs, including water, food, healthcare and cash.
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+17 +2
The U.S. Is an Energy Superpower
New technologies have enabled the U.S. to become the world's top producer of oil and natural gas by energy content.
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+5 +1
U.S. gasoline prices dip most in last 2 weeks since 2012
The average price for a gallon of gasoline in the United States fell 13.78 cents in the last two weeks, as refiners continued to pass on lower crude oil prices, according to the Lundberg survey released on Sunday.
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+7 +1
5 quotes about the debt ceiling that will totally freak you out
Every day the government shutdown continues is another day that Congress postpones solving another problem with far greater potential hazards for the economy: The debt ceiling. Unlike the shutdown, which analysts estimate will take a 0.2 percentage point chunk out of the GDP for each week it goes on (or less, now that furloughed workers will likely receive back pay), failure to raise the debt ceiling could result in a true financial catastrophe.
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