"Economists are pessimists: they've predicted 8 of the last 3 depressions."
--Barry Asmus

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Thursday, March 31, 2011

World News

The Ivory Coast
  • Forces loyal to Alassane Ouattara have seized San Pedro, a major cocoa port, as part of an ongoing rebellion aimed at ousting President Laurent Gbagbo (who refused to step down after he lost the presidential election last November).  Cocoa bean exports, which have been disrupted since the rebellion began, may resume within days.
United States
[1]  Apparently, the fact that 26 nations have a debt to GDP ratio higher than Spain (the most stable of the PIIGS nations as of 2010), is not the main flaw.

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