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What the Iraq mess means for oil

Hint: It's not good.
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Oil in Iraq. Yeah, it's complicated. (Essam Al-Sudani/AFP/Getty Images)
If it sat on the self-help shelf, a book describing the current spike in oil prices might be called “When Good Things Happen to Bad People.”
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Some scary practices return to US property market, but the bubbles are overseas

Could a Chinese crash do the kind of damage that the US property market’s bust did in 2008?
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All bubbles must eventually burst. (Tiziana Fabi/AFP/Getty Images)
Could a Chinese crash do the kind of damage that the US property market’s bust did in 2008?
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Why Europe’s new anti-EU parliament will vex America

For starters, some of the newbies are just wild about Putin.
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Greece's far-right Golden Dawn party is all riled up. (Angelos Tzortzinis/AFP/Getty Images)
For starters, some of the newbies are just wild about Putin.
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A Russian invasion: Normandy is next

The 70th anniversary of D-Day is coming — and so is Putin.
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Veterans Charles Jeffries and Richard Llewellyn aboard the HMS Belfast for the 70th anniversary D-Day commemorations on May 20, 2014 in London, England. (Rob Stothard/Getty Images)
‘To describe Putin as the skunk at the picnic would be an enormous understatement,’ a US diplomat told GlobalPost.
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This is why Nigeria’s large military is no match for violent zealots

History, poor equipment and inexperience hamper the country’s army.
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Nigerian defense spokesman Major-General Chris Olukolade in Abuja, May 9, 2014. (PIUS UTOMI EKPEI/AFP/Getty Images)
History, poor equipment and inexperience are hampering the country’s army as it fails to squash Boko Haram.
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Here's how Florida shrimpers get skewered by Obama's trans-Pacific trade pact

The local shrimping industry is already losing out to Asia.
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Fernandina shrimping fleet. (Michael Moran/GlobalPost)
FERNANDINA BEACH, Fla. — When this island town just north of Jacksonville kicked off its 51st annual Shrimp Festival this week, one obligatory guest of honor was missing: locally wild-caught shrimp. The delicacy that was the foundation of the world's first modern shrimping fleet has fallen victim to environmental pressure, overfishing and especially low-cost, farm-raised shrimp from Southeast Asia.
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Why is the Obama administration siding with Argentina against US bondholders?

NML Capital has struggled for years to get Argentina to pay up. The US assistant attorney general may have just placed a new hurdle.
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NML Capital hopes it can get its hands on more than Argentina's frigate Libertad. (Chris Stein/AFP/Getty Images)
Why is the Obama administration siding with the government of Argentine President Christina Fernandez de Kirchner against an American investment fund’s efforts to collect on $1.7 billion in debts that US courts have ruled legitimate? The answer is a higher principle — something called 'sovereign immunity.'
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California high-speed dreaming. (ca.gov/Flickr Commons)
FORT LEE, NJ — A number of ginormous endeavors are in the works, not just in the United States. In fact, the biggest-budget item in the Western Hemisphere is actually in Brazil. And the price tag for the Brazilian offshore oil exploration is way more than anything budgeted stateside, including the hemisphere’s No. 2 project, a less-than-likely high-speed railway across California. Here’s a look at the 10 largest infrastructure projects in the Western Hemisphere’s pipeline — some of them already underway, but some of them more like pipe dreams.
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Cuba says ‘investors welcome,’ but the investors aren’t buying

The island's new investment law offers inducements, but no guarantees.
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Cuba's Mariel port during its inauguration on Jan. 27. (Adalberto Roque/AFP/Getty Images)
Cuba's making good on a promise by President Raul Castro to update a 1995 law that produced more failed investments than successes and that never managed to draw more than a few hundred million dollars a year to the cash-starved island’s economy.
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Here's why the US and Russia would be MAD to go to war

A look at the nuclear warheads that guarantee our 'mutually assured destruction.'
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A French nuclear test in the south Pacific atoll of Mururoa. (File/AFP/Getty Images)
Lurking behind the debate over what to do about Russia’s land grab in Crimea are 3,750 good reasons to speak softly. Yes, strategic nuclear weapons — 1,800 of them in the Russian arsenal, about 1,950 belonging to the United States, according to the Federation of American Scientists — along with the ballistic missiles, nuclear submarines and intercontinental strategic bombers that carry them, suddenly are demanding renewed attention.
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