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Canada's economy grew in 3rd quarter

The Canadian economy grew in the third quarter after three consecutive declines in a sign the recession has ended.

Deflation, surging yen threaten Japan's recovery

Japan got word Friday that prices fell again in October, just as a surging yen threatens to worsen the deflation that is undermining the country's fragile economy.

Industry boosts eurozone economic sentiment

Economic conditions in the 16 countries that use the euro improved further in November amid mounting optimism in the industrial sector, figures from the European Commission showed Friday.

Taiwan economy shrinks at slower pace in 3Q

Taiwan's economy contracted at a slower pace year-on-year in the third quarter and the government raised its growth forecast for 2010 as rising demand from mainland China spurs a recovery.

China pledges stable economic policy for next year

Chinese leaders pledged Friday to stick to stimulus spending and easy credit to support growth next year, making clear their unease about the stability of China's nascent recovery from the global crisis.

Fed: super-low rates could fuel speculative bubble

The Federal Reserve doesn't expect the recovery will be strong enough to quickly drive down the jobless rate, and acknowledged its efforts to keep the rebound going could feed a new speculative bubble.

A look at economic developments around the globe

A look at economic developments and activity in major stock markets around the world Monday:

MassEcon creates Web listing of business sites

The Massachusetts Alliance for Economic Development has created a Web site listing more than 70 market-ready sites around the state to promote expansion opportunities for businesses.

Fitch lowers Mexico's credit rating on oil decline

Fitch Ratings downgraded Mexico's credit rating Monday, saying dependence on a flagging oil sector has weakened the country's ability to weather financial problems.

German business optimism rises again in November

German business confidence rose for an eighth consecutive month in November as Europe's biggest economy recovered steadily from its worst recession in decades, a leading survey showed Tuesday.

Obama and GOP differ over recipe for jobs, economy

President Barack Obama and a top House Republican acknowledged in holiday messages Thursday the economic struggles facing Americans this Thanksgiving but offered starkly different recipes for relief.

Good news raises hopes recovery won't fizzle

A flurry of good news this week — including falling jobless claims, stronger consumer spending and higher new-home sales — suggests the economic rebound, modest though it is, might just be here to stay.

October sales gains lift hopes for housing market

First-time buyers seized on an expiring tax credit, low mortgage rates and falling prices to boost home sales in October to their highest level in 2 1/2 years.

IMF chief: Global economy still fragile

The international economy is still fragile and vulnerable to shocks despite recent improvements in financial markets, the managing director of the International Monetary Fund said Monday.

Kansas jobless rate dips to 6.4 percent in October

Kansas' unemployment rate declined to 6.4 percent in October, though a state labor analyst cautioned Friday that the job market remains weak.

Buy local, think healthy — it tastes sweeter

Sometimes a novelty becomes a necessity. Take New York’s farmers markets. A visit to one of the city’s outdoor food extravaganzas was once an entertaining field trip on an autumn Saturday, an excuse to sip apple cider and run my fingers across bright orange carrots with their thick green tops (so different from the shiny, leafless tubes wrapped in plastic in the produce aisle) and beets and potatoes still spotty with dirt.

Ga. economic slump continues, could ease in 2011

Georgia's recession continues.

NYC has lost nearly 60,000 jobs in communications

New York City, the center of the nation's information industry, has lost nearly 60,000 communications jobs since 2000, including in publishing and broadcasting, the comptroller's office said Wednesday.

Recovery in developed economies gathering pace

Recovery in developed economies will accelerate next year due to "substantial improvements" in financial markets and fast-growing Asian countries, but is likely to remain fragile, the Organization for Economic Cooperation and Development said Thursday as it doubled its 2010 growth forecast.

Singapore economy expands for 2nd straight quarter

Singapore said its economy would expand as little as 3 percent in 2010, well below the high growth rates of past years because of a sluggish recovery in the U.S. and other developed countries.

Economy 101: The post-Clunker rise in car prices

The government's Cash for Clunkers program offered a lot of Americans great deals on new cars. Now, those falling prices have shifted into reverse.

DeMarco: It’s a matter of when, not if, Halladay leaves

The World Series ending on Nov. 4 means a more compact offseason. Less than a week after the season’s final pitch was thrown by Mariano Rivera, general managers convened in a Chicago hotel to do nothing about instant replay, but did stoke the hot stove.

Forecast: Slow recovery ahead for Hawaii

A new Hawaii economic forecast predicts Hawaii will make only lackluster gains next year followed by modest growth in 2011.

Ore.'s falling jobless rate: Have some given up?

Oregon's unemployment rate has been falling, but that could be partly because some people can't find a job.

Obama on ending wars, terror trials and more

Mr. President, thank you — I know we don't have a lot of time, so I want to dive right into this — Afghanistan. When are you going to make your decision?

The Vine
The New America
Source: News flavor.com

Is America on the fast track to becoming a third world country? It very well could be if someone doesn't hurry up and get a clue!

How Free-Market Delusions Destroyed the Economy
Source: AlterNet.org

"Anyone concerned with democracy should be worried that the seam between Wall Street and the government is almost invisible. At the very least, it raises serious reasons to doubt that the institutions that facilitated the crisis can clean up their mess.

Canada's economy edges out of recession
Source: Canada.com

Canada's economic recession officially ended in the third quarter of this year, but with a weaker-than-expected increase.

An Empire at Risk
Source: Newsweek

We won the cold war and weathered 9/11. But now economic weakness is endangering our global power. An excellent article - Very interesting take on economics and the deficit. Must read for both sides.

Black Friday Sales Predictably Slow
Source: Reuters

Consumers spent significantly less at the start of the holiday season this weekend, dimming hopes for a retail comeback that would help propel the economy early in 2010.

A generation in the balance
Source: The New York Times

Do downturns create Democrats? The Great Depression certainly did: The generation that came of age in the 1930s has cleaved to the Democratic Party like no population before or since.

Coke cancels holiday party to save money
Source: TheStreet.com

Corporations are canceling holiday parties to save money. Is this going to ruin company culture and upset employees.

Financial Market Comment

So much to think about in markets today.. Dubai, Iran etc etc..although nothing to report (trading wise) from the UK morning session. While I catch up on things a few general thoughts. Markets are more than usually vulnerable to news and events right now.

A Dubai-sized economic shoe
Source:

The downside to building like there is no tomorrow, and using credit to get you there, is that eventually reality comes calling and you are left holding the bags. Dubai is learning this the hard way.

15 Signs American Society Is Coming Apart at the Seams
Source: AlterNet.org

The economic elite have launched an attack on the U.S. public and society is unraveling at an increased rate. You may have missed it in the mainstream news media, but statistical societal indicators are reading red across the board.

Debate on Creating Jobs, Without Raising Deficit
Source: The New York Times

While the political rationale for additional government action is clear, it is an open question whether it would have any substantial economic effect.

Dubai's $59 billion default sends tremor through global financial system
Source: WSWS

Dubai's announcement on Wednesday that it would be delaying by "at least" six months the maturity date of $59 billion in bonds issued by the city-state's largest state-owned company, Dubai World, has sent global shares tumbling.

US food charities overwhelmed by demand
Source: WSWS

As the holiday season begins, charities across the US are reporting unprecedented demand for food assistance. Driving the increased demand is the unemployment crisis, the charities say.

Indi bank and Dubai debacle

The article from CNBC regarding the foreign banks exposure to UAE lists Bank of Baroda, an Indian bank with an exposure of $1.78 billion as of 2008 (very likely that this has figure has gone up).

Banks With The Biggest Exposure to The UAE - Financials * US * News * Story - CNBC.com
Source: CNBC Top News and Analysis

In continuation to my article on Dubai Debacle posted on newswine...this article from cnbc is worth reading...gives info on how banks from various countries have exposure in dubai...

How Did The Major Online Retailers Cope With Black Friday Madness?
Source: TechCrunch

Website monitoring service InternetVista vigorously measured the uptime and response time of seven of the most popular Internet retail websites from Monday morning November 24 until midnight November 28, to see how the online outlets would cope with the Black Friday madness, trad …

Dubai Debt Woes Raise Fear of Wider Problem
Source: The New York Times

Of the many economies that gorged on debt in the boom years, Dubai stood out.

Food Stamp Use Soars Across U.S., and Stigma Fades
Source: The New York Times

Programs like food stamps are "redistribution of wealth"... in "desperation mode"

How to Manage Holiday Shopping
Source: Wall Street Journal

Consumers who skipped the Black Friday deluge of deep discounting haven't necessarily missed out on all the best deals of the holiday season. But shoppers who hold out too long, thinking retailers will cave with major price cuts late in the game, may find themselves out of luck.

Dubai: Bling City is dead, but the desert dream lives on
Source: Guardian Unlimited

Dubai World's collapse alarmed investors and was a blow for a ruler who wanted to create an Arab city of global significance. But for all its faults it remains a rare oasis of Middle East moderation and progress

U.S. workers can't hide from competition....
Source: CNN

San Diego, California (CNN) -- When I speak to college students, I always push two messages: If you work hard, take risks, leave your comfort zone and never give up, you can do anything you want to in life; and part of life is competition, because no matter what you want, you can …

How Dare You Clean Up Our Mess?
Source:

One of the few things that irritates me more than Barack Obama is Barack Obama's critics.

Dubai Debacle

Last week Dubai said it would delay payment on billions of dollars of its $80 billion debt, moving global markets downwards and fearing investors of another financial crisis.

Do the Republican Party have a actual leg to stand on when it comes to the budget crisis facing the United States Government?

Poll When you consider the historic failures and mistakes of the Republican Party from 2000 to 2008. Do you find them to be credible on matters of the US Budget, Deficits, National Debt, US Foreign Policy and especially War.

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