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Hungry Americans Less Productive as Budget Cuts Deepen: Economy

Hungry Americans Less Productive as Budget Cuts Deepen: Economy | EconMatters | Scoop.it
Olivia Solis asks herself the same two questions every morning: “How’s rent going to be paid? What meal are we going to make with what food we do have?”
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CHINA'S NOV RUSSIAN CRUDE IMPORTS HIT RECORD HIGH - Oil | Platts News Article & Story

CHINA'S NOV RUSSIAN CRUDE IMPORTS HIT RECORD HIGH - Read this Platts oil news article here. Plus discover more oil market news, products & services.
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China quietly joins Asia's currency wars to avert deflation - Telegraph

China quietly joins Asia's currency wars to avert deflation - Telegraph | EconMatters | Scoop.it
China is exposed like a sore thumb as countries devalue on all sides, from Russia, to Japan, Indonesia and Malaysia
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Ready for $20 Oil?

Ready for $20 Oil? | EconMatters | Scoop.it
The game of chicken between OPEC and other oil producers is just beginning, and it could drive oil prices as low as $20 a barrel.
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Saudis See Oil Recovery as U.A.E. Urges Non-OPEC Cuts

Saudis See Oil Recovery as U.A.E. Urges Non-OPEC Cuts | EconMatters | Scoop.it
Saudi Arabia and the United Arab Emirates reiterated pledges to keep pumping the same amount of crude, blaming non-OPEC producers for the glut of oil that’s driven prices to the lowest in five years.
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Oil Investors Keep Betting Wrong on When Market Will Bottom

Oil Investors Keep Betting Wrong on When Market Will Bottom | EconMatters | Scoop.it
Investors betting on a rebound in oil prices are nothing if not tenacious.
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Oil Drops to 5-Year Low on Concern Supply Glut to Worsen

Oil Drops to 5-Year Low on Concern Supply Glut to Worsen | EconMatters | Scoop.it
Crude oil dropped to the lowest level in more than five years on concern a supply glut will worsen.
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U.S. Weighs ‘Proportional Response’ to Hack of Sony Pictures

U.S. Weighs ‘Proportional Response’ to Hack of Sony Pictures | EconMatters | Scoop.it
The Obama administration is weighing a “proportional response” to the cyber-attack on Sony Pictures Entertainment computers and is wary that the intrusion may have been designed to provoke a large-scale U.S. reaction, White House spokesman Josh Earnest said.
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Saudi Arabia Says Hard for OPEC to Give Up Oil-Market Share

Saudi Arabia Says Hard for OPEC to Give Up Oil-Market Share | EconMatters | Scoop.it
Saudi Arabia and OPEC would find it “difficult, if not impossible” to give up market share by cutting crude production, the country’s oil minister said.
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Japan Lost a Decade, So Did U.S.

Japan Lost a Decade, So Did U.S. | EconMatters | Scoop.it
Independent opinions and commentary about the latest news. Get insights on financial, political & economic issues from global thought leaders.
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Traders Betting Russia’s Next Move Will Be to Sell Gold

Traders Betting Russia’s Next Move Will Be to Sell Gold | EconMatters | Scoop.it
Russia’s surprise interest-rate increase failed to stop the plummeting ruble. Another tool available to repair economic havoc caused by sanctions and falling oil prices: selling gold.
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Hedge Fund Manager Who Remembers 1998 Rout Says Prepare for Pain

Hedge Fund Manager Who Remembers 1998 Rout Says Prepare for Pain | EconMatters | Scoop.it
Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia.
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Ruble Sinks to 80 a Dollar Defying Surprise Russia Rate Increase

Ruble Sinks to 80 a Dollar Defying Surprise Russia Rate Increase | EconMatters | Scoop.it
The ruble sank to a record, deepening Russia’s currency crisis, as people scrambled to convert their money into dollars after a surprise interest-rate increase failed to shore up investor confidence.
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Russian crisis turns systemic as rouble crashes 13pc - Telegraph

Russian crisis turns systemic as rouble crashes 13pc - Telegraph | EconMatters | Scoop.it
Russia's central bank is letting the rouble plunge as the path of least resistance, but this is becoming dangerous as fear spreads
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Iraq Cabinet Approves Lower Spending Plan on Oil’s Drop

Iraq Cabinet Approves Lower Spending Plan on Oil’s Drop | EconMatters | Scoop.it
Iraq’s cabinet approved a smaller 2015 spending plan than the government expected because of the collapse in oil, which provides most government revenue.
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The reason oil could drop as low as $20 per barrel

The reason oil could drop as low as $20 per barrel | EconMatters | Scoop.it
The key question is whether the present price of around $55 will prove closer to the floor or the ceiling of this new range.
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China Offers Russia Help With Currency Swap Suggestion

China Offers Russia Help With Currency Swap Suggestion | EconMatters | Scoop.it
Two Chinese ministers offered support for Russia as President Vladimir Putin seeks to shore up the ruble without depleting foreign-exchange reserves.
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Cuba: Thanks US, but we'll take Communism

Cuba: Thanks US, but we'll take Communism | EconMatters | Scoop.it
Cuban president Raúl Castro thanked President Obama for“ a new chapter” but reaffirmed that restored relations did not mean the end of Communism.
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North Korea says did not hack Sony, wants joint probe with U.S.

North Korea says did not hack Sony, wants joint probe with U.S. | EconMatters | Scoop.it
By Jack Kim and Steve Holland SEOUL/WASHINGTON (Reuters) - North Korea said U.S. accusations that it was involved in a cyberattack on Sony Pictures were "groundless slander" and that it was wanted a joint investigation into the incident with the United States. An unnamed spokesman of the North's foreign ministry said there would be "grave consequences" if Washington refused to agree to the joint probe and continued to accuse Pyongyang, the official KCNA news agency reported on Saturday. ...
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Cuban-Americans Gear Up for Business as Embargo Thaws

Cuban-Americans Gear Up for Business as Embargo Thaws | EconMatters | Scoop.it
The phones started ringing at the Miami offices of law firm GrayRobinson even before President Barack Obama ended his speech Wednesday outlining measures to establish diplomatic ties and ease economic barriers with Cuba.
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Putin Says Russian Economy Should Be Ready for $40-a-Barrel Oil

Putin Says Russian Economy Should Be Ready for $40-a-Barrel Oil | EconMatters | Scoop.it
The Russian economy must adapt to the reality of oil prices that could fall as low as $40 a barrel, President Vladimir Putin said as he faces the worst financial crisis since coming to power in 2000.
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Fed Says 'considerable time' to keep 0-0.25% fed funds rate

Fed Says 'considerable time' to keep 0-0.25% fed funds rate | EconMatters | Scoop.it
The Federal Open Market Committee was expected to keep its target funds rate near zero, as all eyes look toward a possible rate hike next year.
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Oil Plunge Sets Stage for Energy Defaults: Credit Markets

Oil Plunge Sets Stage for Energy Defaults: Credit Markets | EconMatters | Scoop.it
Bond investors, already stung by the biggest losses from U.S. energy company debt in six years, are facing more pain as the plunge in oil leads analysts to predict defaults may more than double.
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Russia Sees No Need to Cut Oil Supply With Prices to Stabilize

Russia Sees No Need to Cut Oil Supply With Prices to Stabilize | EconMatters | Scoop.it
Russia will keep its crude oil output steady next year and plunging prices will stabilize, Energy Minister Alexander Novak said, reiterating comments made almost three weeks ago that nation won’t alter supplies to halt the rout.
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Global Crude Plunges Through $60 as Producers Fail to Curb Glut

Global Crude Plunges Through $60 as Producers Fail to Curb Glut | EconMatters | Scoop.it
The global price of crude oil plunged through $60 a barrel for the first time in five years with almost no signs producers are ready to tackle a glut.
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Whiz kid stock picker: No, I didn't make $72M

Whiz kid stock picker: No, I didn't make $72M | EconMatters | Scoop.it
"The attention is not what we expected—we never wanted the hype," Mo Islam said.
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