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EB White's short but sweet ode to The City.
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LatAm sugar daddy Chávez faces the bankruptcy as oil prices slump. Naturally, the fat-faced hero of Sean Penn's wet dreams blames it on "imperialism".
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The current market is a boon for value investors.
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The world is not ending, unless you pay more attention to Dobbs and O'Reilly than to reality. (via Jeremy H)
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There are some stark contrasts among bloggers across continents and age groups. Interesting note: American bloggers tend to be much older than, for instance, Asian bloggers. This is probably because younger Americans can't spell out words longer than four characters, or passages longer than 140.
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Well, it's a helluva way to go.
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Argentina apparently hasn't learned India's lesson: taxing tourism (an elastic good) is just going to piss off tourists and bring fewer of them into the country. Once again, children, the tax base is almost never static. So take your populist crap and go home.
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Surprising data suggests that even without a separate income, housewives/husbands wield a fiscally disproportionate share of household power.
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A few tidbits of rare good news about Africa
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Finally! Someone gets it! We may be headed into a cyclical downturn, as some leading indicators are trending downward, but it is not the end of the world as we know it. Repeat: THE ECONOMY IS NOT COLLAPSING. So shut up, already.
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