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Written by The New York Times, EE.UU.
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Wednesday, 04 June 2008 |
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Senator Barack Obama claimed the Democratic presidential nomination on Tuesday evening, prevailing through an epic battle with Senator Hillary Rodham Clinton in a primary campaign that inspired millions of voters from every corner of America to demand change in Washington. A last-minute rush of Democratic superdelegates, as well as the results from the final primaries, in Montana and South Dakota, pushed Mr. Obama over the threshold of winning the 2,118 delegates needed to be nominated at the party’s convention in August. The victory for Mr. Obama, the son of a black Kenyan father and a white Kansan mother, broke racial barriers and represented a remarkable rise for a man who just four years ago served in the Illinois Senate.
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Written by National Post, Canada.
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Friday, 30 May 2008 |
 The Canadian economy shrank unexpectedly during the first three months of 2008, marking the first quarterly decline in almost five years. The gross domestic product fell at an annualized rate of 0.3% in the first quarter, Statistics Canada said, the first decline since the second quarter of 2003. The drop was well below the roughly 0.4% annualized growth economists were predicting. The Canadian economy began losing steam in the second half of last year as exports started to decline.
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Written by The New York Times, EE.UU.
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Wednesday, 28 May 2008 |
 Over a frantic weekend in mid-March, Ben S. Bernanke rewrote the rule book as chairman of the Federal Reserve. Like a military commander applying overwhelming force, he took steps then and over the next two months that some at the central bank are now calling the Bernanke Doctrine. Today, Mr. Bernanke appears to have quieted many critics, especially on Wall Street, who earlier said he was overly academic and slow to react to market conditions.
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Written by The Wall Street Journal, EE.UU.
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Monday, 26 May 2008 |
 After being buffeted by the dot-com, housing and credit bubbles -- not to mention the Chinese stock-market bubble -- there is a readiness by people on Wall Street and elsewhere to ascribe the term "bubble" to all sorts of things. But when it comes to commodities like crude oil and corn, that may be off the mark. A bubble, says "The New Palgrave Dictionary of Economics," "refers to asset prices that exceed an asset's fundamental value because current owners believe they can resell the asset at an even higher price."
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Written by Richard Rahn , Chairman of the Institute for Global Economic Growth.
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Monday, 19 May 2008 |
 If you were asked to name one person who has enabled more people to gain wealth and security than any other person on the globe, who would you name? In 1881, here in Berlin, Otto von Bismarck started the world's first modern pay-as-you-go social security system which served as the model for the U.S. Social Security system and that of many other countries, including setting the retirement age at 65. No, Bismarck is not the answer to the opening question - The answer is Jose Piñera, and here is why.
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