The EU contagion spreads to Italy

As bankers are exploring a bond buyback idea, Italy is being pummelled by investors.

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Guess which major currency is tanking?

The pound is getting a pounding. It has fallen to its lowest level against the dollar since January.

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The American recession cut spending by $7,300/person

The 18-month US recession that ended in June 2009 has so far cut spending by more than $7,300 per person, or about $175 a month.

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