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The fundamentals of demographics, stagnant household income and an overbuilt retail sector eroded by eCommerce support only one conclusion: commercial real estate in the U.S. will implode as retail sales and profits weaken.

The first installment of our series on U.S. real estate by correspondent Mark G. focused on residential real estate . In Part...
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Hello folks, hope you’re doing well.

International Developments

Overall

- The U.N. has invited Iran to the Geneva talks to play a “ positive role.

- Jordan has agreed to host U.S. training of Iraqi soldiers after al-Qaeda gains in Iraq.

- Bashar al-Assad states his resignation is not up for discussion ahead of the Geneva talks.

...

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Recruitment firm Michael Page is optimistic about the outlook for small businesses after canvassing more than 4,000 of its clients...
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Deflation: The Failed Macroeconomic Paradigm Plumbs New Depths of Self-Parody

By William K. Black

Patient bleeding out?  Don’t treat the bleed; keep the crash cart nearby

Imagine you were a doctor in the ER when a patient was brought in presenting symptoms indicating a likely internal bleed.  Here are the two critical questions you face.

  1. Would you (a)
  2. ...
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In This Issue.

*  UK Retail Sales beat expectations.
*  Renminbi gets back to appreciating.
*  Kiwi gets caught up in A$ weakness.
*  Richard Russell on this Fantastico Friday!

And, Now, Today's Pfennig For Your Thoughts!

Lofty Praise For Yours Truly.

Good Day!  And a Happy Friday to one and all! This will eventually...

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People Worried About Income Inequality (The Kudlow Report)

Roosevelt Institute Fellow Mike Konczal explains that while it's true that income inequality isn't quite as bad if you account for programs that provide low-wage income support, the GOP's plans to reduce that support and lower taxes will make

...
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Radical welfare cuts in Denmark have kick-started a David Cameron-style Big Society among the young, finds Jake Wallis Simons...
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The Greatest Myth Propagated About The FED: Central Bank Independence (Part 3)

By L. Randall Wray

Coda: Is the Fed Independent of Influence?

In my two part series (here and here), I examined conventional views of (mostly) economists on the Fed’s supposed independence. What they focus on is the Fed’s independence from our elected representatives and as...

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A fix-it, doing-more-with-less community economy can create decentralized, localized, non-state, non-corporate employment and trade.

My long-time friend G.F.B. recently suggested that the widening income/wealth disparity in the U.S. might drive a broad-based cultural Renaissance of the once prevalent "don't replace it, fix it" value system and the...
Saturday, 11 January 2014 |

The Roundup for January 10th, 2014

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Hello folks. Realized the Roundup yesterday as utterly long so I made sure to cut this one and choose relevant stories not repeated on  Firedoglake  by anyone else.

International Developments

Overall

- In Robert Gates’ new book, he states that in 2009 the U.S. tried to oust Hamid Karzai by manipulating Afghan elections . Good to know.

- The...

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