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7:13am

Thu August 11, 2011
Opinion

New Republic: Four Steps To Avoid Global Depression

President Barack Obama, left, shakes hands Commerce Sec. Gary Locke, right, after announcing that Locke will be the next US ambassador to China, in the Diplomatic Room of the White House Wednesday, March, 9, 2011. Locke is replacing Jon Huntsman.
Pablo Martinez Monsivais AP

William Galston is a senior fellow at the Brookings Institution and a contributing editor for The New Republic.

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7:12am

Thu August 11, 2011
Opinion

Weekly Standard: Shaken (Not Stirred) Money Maker

A bartender mixes cocktails at a stand selling vodka at the Wine and Gourmet Asia show at the Venetian hotel in Macau on November 8, 2007.
Mike Clarke AFP/Getty Images

Victorino Matus is a senior editor at The Weekly Standard.

Unemployment once again has crept past 9 percent. GDP growth fell below 2 percent this last quarter. Inflation is up. Home values are down. There's talk of a double-dip recession. According to one market analyst, "We're on the verge of a great, great depression." But through it all, there is one constant, a commodity that has not only survived during these harsh economic times, but even thrived.

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6:57am

Thu August 11, 2011
Opinion

Foreign Policy: Britain's Young And Relentless

A jewelry store is damaged in Ealing, west London, Tuesday, Aug. 9, 2011, following unrest overnight. A wave of violence and looting raged across London and spread to three other major British cities Tuesday, as authorities struggled to contain the country's worst unrest since race riots set the capital ablaze in the 1980s.
Jonathan Short AP

Portia Walker is a freelance journalist.

Buildings are charred and shops barricaded closed. Helicopters circle low overhead. London's prison cells are all full. Police are flooding the streets of the capital. For four days now, mobs have run amok in multiple areas across this city, looting, brawling, and terrorizing people.

As a mob stormed through a warm Monday night on a west London street, restaurants locked their doors and diners headed home early.

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6:45am

Thu August 11, 2011
The Two-Way

New Unemployment Claims Drop To Four-Week Low

The Labor Department released a rare piece of good economic news, today: Its weekly unemployment claims report shows that this past week had saw lowest number of claims in a month.

For the week ending Aug. 6, the number of unemployment claims dropped by 7,000 to 395,000, the lowest number since the week that ended April 2.

Reuters reports:

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6:10am

Thu August 11, 2011
The Two-Way

In U.K.: Talk Of Banning Masks, Blocking Text Messages

This masked man walked past a burning car in London on Monday (Aug. 8, 2011).
Peter Macdiarmid Getty Images

The wave of violence that swept across cities in Britain over the past week has led to Prime Minister David Cameron saying that:

-- Authorities may block instant messaging services "when we know they are plotting violence, disorder and criminality."

-- The police have been given the power to order protesters to remove facemasks "under any circumstances where there is reasonable suspicion that they are related to criminal activity."

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