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On This Day In History, Oil Prices Have Never Been Higher

27 September 2013, by Tyler Durden (Zero Hedge) Excerpt: The recent drop in WTI crude oil prices has brought out the ubiquitous "well, that's a tax cut for the US consumer" recency-biased talking-h… View »

With GOP Help, Senate Restores Funding for ObamaCare

The New American 27 September 2013 Despite pressure from conservative Republicans, most notably Sen. Ted Cruz (R-Texas), on Friday the Senate passed a continuing resolution (CR) that restores f… View »

Insurance Giants that Wrote and Lobbied for Healthcare Law Cash In 1 Comment

Who would have thought requiring everyone in the nation to get health insurance would cause the biggest health insurance companies’ stocks to rise? Turns out if you’d have invested in health insuranc… View »

"A Scam Of Unmatchable Balls And Cruelty" - Matt Taibbi On Wall Street's "Triple-Fucking Of Ordinary People" 2 Comments

"A Scam Of Unmatchable Balls And Cruelty" - Matt Taibbi On Wall Street's "Triple-Fucking Of Ordinary People" Submitted by Tyler Durden on 09/27/2013 09:29   What can one say: vintage Matt T… View »

Special Report: Pimco shook hands with the Fed - and made a killing

The giant fund-management firm, led by co-founder Bill Gross, started buying tens of billions of dollars in mortgage-backed securities guaranteed by federally sponsored agencies like Fannie Mae and F… View »

SAT scores continue decline; 57 percent of incoming freshmen not ready for college 2 Comments

The annual SAT scores have been released to the public and show a continued decline in math and writing scores. Even worse, as CBS’s Money Watch reports, more than half of incoming college freshmen… View »

Audit: Army paid $16M to deserters, AWOL soldiers

(AP) — Even as the Army faces shrinking budgets, an audit shows it paid out $16 million in paychecks over a 2 ½-year period to soldiers designated as AWOL or as deserters, the second time since 2006… View »

$2B will be magically created out of thin today - FHA to Draw $1.7b From Treasury to Cover Losses

  A federal housing agency said Friday it needs a $1.7 billion bailout from the Treasury to cover projected losses in a mortgage programs for seniors. At issue are reverse mortgage programs, whi… View »

White House To Announce $300M In Aid Friday To Make Detroit Safer, Erase Blight

White House To Announce $300M In Aid Friday To Make Detroit Safer, Erase Blight   By Todd Spangler Detroit Free Press Washington Staff   WASHINGTON — Nearly $300 million in aid for Detroit… View »

Chinese Moguls Vanish

Amid Probe, Chinese Moguls Vanish Prominent Executives are Being Detained, Associates Say, in Sign of New Round of Political Infighting By James T. Areddy | The Wall Street Journal – CHENGDU, Chin… View »

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