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Global Meltdown

Global Debt Crisis: Can a Collective Currency Devaluation Do the Trick?

Wael Nawara | Posted 11.02.2011 | World
Wael Nawara

Some brave economists have made it clear that we need a new International Monetary System, a "New Bretton Woods" sort of agreement in order to solve things in the long term. But still, what do we do with the existing debt crisis?

Italy's Mafia Thrives In Global Financial Meltdown

AP | FRANCES D'EMILIO | Posted 05.25.2011 | World

NAPLES, Italy — While businesses around the world are hunkering down for survival, the Italian mob is living a golden moment. Italy's various o...

Soros: No Bottom For World Financial "Collapse"

Reuters | Posted 05.25.2011 | Business

Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near...

World Economy Deteriorating Faster Than Expected

Washington Post | Anthony Faiola | Posted 05.25.2011 | Business

The world economy is deteriorating more quickly than leading economists predicted only weeks ago, with Britain yesterday becoming the latest nation to...

Gov't eyes plan to take ownership stakes in banks

AP | HARRY DUNPHY and TOM RAUM | Posted 05.25.2011 | Business

WASHINGTON — Treasury Secretary Henry Paulson told international leaders on Sunday that isolationism and protectionism could worsen the spreadin...