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Kevin S. Price


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Kevin Phillips: Lies, Damn Lies and Government Inflation Statistics

The possibility that inflation could reach double digits should start to resolve today's central debate: whether this decade's economy is more like the 1930s or that of the stagflationary 1970s. Alas, there are elements of both.

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Monroe Price: The Triumph of the Normal: Overwhelming Olympic Imagery Swamps Dissonant Voices

A bonanza of advertising narratives, hardly critical of China, are now about to appear globally -- including ads illustrating how Coca Cola connects China benevolently to other cultures by using the Olympics as a bridge.

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Gas prices open door for McCain

Should Sen. Barack Obama be worried about voters like George Mowad? Standing by a gas pump at a BP Station in Pittsburgh earlier this week, Mowad squinted at the meter's numbers as they spun into the $40 zone -- with no end in sight -- and shook his head. read more

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Maliki's Clout

MALIKI'S CLOUT....Juan Cole does some translation from Arabic to bring us the latest news from Iraq:Al-Hayat reports in Arabic that Lebanese Prime Minister Fuad Seniora will visit Baghdad this week, seeking petroleum at reduced Prices for his country from Iraq....

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Contemplating Georgia, Part 2: Taiwan

Taiwan was a big geopolitical topic in the 1990s and into the 2000s. It is a small independent nation that could be subject to an invasion from China. Such talk has moved off the international newspaper pages, what with a newly elected moderate government in Taiwan, a growing China that appears more rational [...]

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Blu-ray Review: Transformers (2007)

There's a well-known theory often referred to in film criticism called "suspension of disbelief." It says that in order to become lost in the world of a movie, we don't have to believe all of the events...

1Vote!

Left Behind Authors Say Obama Is Not the Antichrist

The authors of the best-selling Left Behind authors have done their research and are now positive that Barack Obama is not the Antichrist. But even the series authors Tim LaHaye and Jerry B. Jenkins don’t think Obama is the antichrist. What may have been created as a farce has generated a firestorm of controversy on the internet. LaHaye and Jenkins take a literal interpretation of...

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New Media Tuesday - 8/12/2008

Here is what's coming out today ... Movies American Mall, The Anton Chekhov Collection, The Brand Upon The Brain!: Criterion Collection Caroline In The City: Season #1 Comedy Central's Kenny Vs. Spenny: Season #1: Uncensored DC Super Heroes: The Filmation Adventures Dave's World: Season #1 Eclipse Series 11: Larisa Shepitko: Criterion Collection Eon Kid: Season #1: Volume 1 Juanas: Season #2 Love Boat,...

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Transfer Rumors (7 August 08): Ronaldo staying at United, Liverpool put big price tag on Kuyt, Newcastle sign one defender, in for another, and more

It’s a pretty light day in transfer news and rumors, which is a little surprising seeing as how we’re in the thick of the week. But, there are still a good few tidbits to report on from around Europe. Before I get started, I’d like to give well-wishes (and so should all of [...]

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Fed Statement on Interest Rates

The following is the Federal Reserve’s statement following the August rate-setting meeting. The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent. Economic activity expanded in the second quarter, partly reflecting growth in consumer spending and exports. However, labor markets have softened further and financial markets remain [...]

+Vote!

No Change in Rates, Substantial Inflation Risk

Fed leaves rates unchanged, and is more concerned with inflation than slowing growth. Full statement: The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent. Economic activity expanded in the second quarter, partly reflecting growth in consumer spending and exports. However, labor markets have softened further and financial markets remain under considerable...

2Vote!

Read the Fed’s statement

The following statement was posted on the Federal Reserve Web site on August 5, 2008. The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2%. Economic activity expanded in the second quarter, partly reflecting growth in consumer spending and exports. However, labor markets have softened further and financial markets [...]

+Vote!

Text of today’s Federal Open Market Committee policy statement

The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent. Economic activity expanded in the second quarter, partly reflecting growth in consumer spending and exports. However, labor markets have softened further and financial markets remain under considerable stress. Tight credit conditions, the ongoing housing contraction, and elevated [...]

+Vote!

The Fed Leaves the Target Rate at 2%

There was one dissent. Here's the statement indicating that "Although downside risks to growth remain, the upside risks to inflation are also of significant concern to the Committee":

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Fed: No Change in Fed Funds Rate

From the Federal Reserve: The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent. Economic activity expanded in the second quarter, partly reflecting growth in consumer spending and exports. However, labor markets have softened further and financial markets remain under considerable stress. Tight credit conditions, the ongoing housing