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New Frugality Worsens Downturn (07 January 01:48) |
| As layoffs and store closures grip the U.S., families embracing frugality are also a major reason the downturn may not soon end. |
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ISM Report May Offer Clues to Jobs Market (06 January 10:35) |
| The Institute for Supply Management's nonmanufacturing index, a monthly barometer of the services sector surveying more than 370 companies, is expected to have slipped in December from a rea... |
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Prosecutors Seek to Jail Madoff (06 January 10:21) |
| Prosecutors sought to have Madoff jailed, while SEC officials were grilled on Capitol Hill for having repeatedly overlooked signs of his alleged decadeslong fraud. |
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Frugal Families Aggravate Nation's Economic Woes (06 January 09:47) |
| As layoffs and store closures grip the U.S., families embracing frugality are also a major reason the downturn may not soon end. |
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For Middle-Class Pakistanis, Gun Is a Must (06 January 07:07) |
| Gun registration has jumped among middle-class Pakistanis, reflecting dwindling faith that the country's new civilian government can protect them. |
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Probe Leads Richardson to Abandon Cabinet Bid (05 January 10:29) |
| New Mexico Gov. Bill Richardson withdrew his name from consideration to be Commerce secretary, citing a federal probe into a company that has donated to his political organizations. |
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Governor's Fishing Plan Swims Upstream (05 January 09:37) |
| Georgia's governor is proceeding with a $19 million dollar plan aimed at making the state the most popular fishing destination in the country. |
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Obama Eyes $300 Billion Tax Cut (05 January 09:35) |
| Obama and congressional Democrats are crafting a tax-cut plan to offer about $300 billion in tax cuts to individuals and businesses. The proposals, if enacted, in two years could have more i... |
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Housing Push for Hispanics Spawns Wave of Foreclosures (05 January 09:05) |
| A push by lenders, lawmakers and advocacy groups to increase homeownership among Latinos resulted in a huge increase in nonprime lending. Now, many Hispanics find themselves mired in the nat... |
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High-Profile Investors to Buy IndyMac (04 January 12:00) |
| A team of private investors including affiliates of Christopher Flowers, George Soros and Michael Dell reached a preliminary deal to buy the remains of IndyMac and will contribute $1.3 billi... |
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Manufacturing Tumbles Globally (03 January 09:36) |
| Manufacturing activity around the world fell sharply in December, suggesting that the U.S. recession will extend well into 2009, if not longer, and that unemployment will rise globally. |
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Car Dealers Face Struggles (03 January 08:52) |
| For decades, selling cars paved a path to wealth across America. But the industry has never before faced the forces now slowing sales to a crawl. |
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IndyMac Sells for $13.9 Billion (03 January 08:40) |
| A team of high-profile investors reached a preliminary deal to buy the remains of IndyMac and will contribute $1.3 billion in capital toward a purchase. |
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Small House, Big Loan Spells Trouble (03 January 08:28) |
| A small shack in Arizona with a $103,000 mortgage helps explain how a series of bad decisions can add up. |
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Investors Look to '09 As Trading Resumes (02 January 10:37) |
| U.S. markets reopen for the first trading day in 2009. But after the stock market's third-worst year in more than a century, investors are reluctant to bet on a turnaround. |
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Push for 'Natural' Cemetery Hits Dead End (02 January 09:50) |
| Advocates of natural, or "green," cemeteries where bodies are buried without embalming, coffins or vaults are meeting resistance from the living. |
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The Doomsayers Who Got It Right (02 January 09:48) |
| For years, they were the party poopers: financial prognosticators who warned of trouble. In hindsight, they're the ones who got it right -- at least some of it. |
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Israel Discusses Cease-Fire Amid New Attacks (02 January 09:44) |
| Israel escalated its assault on Gaza, but in meetings with the U.S. it appeared to open the door to a possible cease-fire. |
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Russia Firm Cuts Gas to Ukraine (02 January 07:49) |
| Russia halted supplies of natural gas to Ukraine, a key transit point for the EU, after contract talks broke down. |
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Colombia's Leader Uribe Digs In (31 December 10:42) |
| Álvaro Uribe was only 7 when he told his family he intended to become president of Colombia. Fifty years later, in the eyes of many, he rescued his nation from collapse. |
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Pakistan Probe Links Lashkar to Attacks (31 December 10:30) |
| Pakistan's probe of the Mumbai terror attacks shows substantive links between the 10 gunmen and an Islamic militant group that its spy agency spent years supporting. |
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Stock Markets to End A Startling 2008 (31 December 10:29) |
| The final session of 2008 will cap one of the worst years on record. Trading will end as usual at 4 p.m. EST for stocks but will conclude early, at 2 p.m., for bonds. The Dow Jones Industria... |
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Wall Street's Hard Times, in Rhymes (31 December 09:57) |
| From property-themed haiku to TARP limericks, this year's Wall Street crisis inspired a crop of financial poetry. |
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Chemical Giant Mulls Bankruptcy (31 December 09:54) |
| Chemical company LyondellBasell told lenders it is considering filing for bankruptcy protection amid plunging sales and a cash crunch. |
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Colombia's Leader Digs In (31 December 09:05) |
| Álvaro Uribe was only 7 when he told his family he intended to become president of Colombia. Fifty years later, in the eyes of many, he rescued his nation from collapse. |
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GMAC to Get $6 Billion Aid Deal (30 December 10:32) |
| The federal government upped the ante in its rescue efforts by committing $6 billion to stabilize GMAC, a financing company vital to the future of General Motors. |
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More Pain Expected In the Housing Market (30 December 10:20) |
| The S&P/Case-Shiller home-price index is expected to reflect the continuing toll exacted by the deflating housing bubble. J.P. Morgan estimates that the October year-over-year decline will b... |
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Israel Presses Gaza Attacks (30 December 10:19) |
| Israel declared "all-out war" against Hamas, pummeling the Gaza Strip from air for the third day. But even as the death toll rose, Hamas responded with its strongest rocket barrage since the... |
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Green Goal Hits Limit (30 December 10:16) |
| Dell has reached its goal of becoming "carbon neutral" -- part of its quest to become "the greenest tech company." But Dell's experience shows that reality often falls short of the ideal. |
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Pawnshop Clients Now Drive BMWs (30 December 10:05) |
| The number of first-time pawnshop users is up 10% this year, fueled in part by a surge in a new kind of clientele: middle- and upper-middle-class customers facing ravaged stock portfolios, t... |
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The Weekend That Wall Street Died (29 December 10:16) |
| The financial crisis that began with the collapse of Lehman Brothers marked sharp change by Wall Street bosses from banding together to every man for himself. |
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Israel Signals More on the Way (29 December 09:53) |
| Israeli jets attacked Hamas targets in Gaza for a second day, as the death toll in an aerial assault against the Islamic militant group escalated, along with international calls to halt the ... |
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Russian Professor Predicts End of U.S. (29 December 09:47) |
| A Russian academic who has long predicted that an economic and moral collapse will trigger a civil war and the eventual breakup of the U.S. has recently found an eager audience: Russian stat... |
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Scuttled Kuwait Deal Threatens Dow's Plans (29 December 09:23) |
| Kuwait scuttled a multibillion-dollar joint-venture deal with Dow Chemical, potentially complicating the chemical giant's efforts to complete a huge acquisition. |
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Iceland's Fall: The Isle That Rattled the World (27 December 09:20) |
| Iceland is an extreme casualty of an era in which it was extremely easy to borrow money. The tiny isle became so leveraged that its collapse has rattled the world. |
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Madoff 'Feeders' Under Focus (27 December 09:13) |
| The investigation into Bernard Madoff is starting to turn to the middlemen who attracted billions of investment dollars to his funds. |
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Pet Doctors Hope to Flush Out Cash From Stimulus (27 December 06:52) |
| An Ohio veterinary hospital is hoping that the huge economic stimulus being pondered in Washington will bring money for a sewer line that would improve life for animals in its care. |
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Many Markets Abroad Will Remain Closed (26 December 10:51) |
| Financial markets in the U.S. are scheduled to reopen after the abbreviated trading session Wednesday. But overseas, many markets, along with banks, businesses and government offices, will r... |
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German Tenants Pray for Souls of Bankers (26 December 10:39) |
| In Augsburg, Germany, tenants of the Fuggerei settlement pay little rent. In exchange, they pray for the souls of the founding patriarch and his family. |
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Slump Batters Small Business (26 December 10:07) |
| The downturn is threatening the survival of a major driver of the U.S. economy: small business. |
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U.N. Push to Stem Misconduct Flounders (26 December 09:05) |
| An American-backed drive to curb misconduct at the U.N. is faltering, blighted by bureaucracy and accusations of retaliation against whistle-blowers. |
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Retail Sales Plummet (26 December 09:05) |
| Price-slashing failed to rescue a bleak holiday season for beleaguered retailers, as sales plunged across most categories. |
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A Small Bank Juggles Its Roles (24 December 09:33) |
| Community bankers across the country are making daily decisions that affect how the U.S. will make it through this recession and credit crunch. |
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Obama, Two Aides Questioned in Probe (24 December 09:50) |
| Obama and two top advisers were questioned by prosecutors in the Blagojevich case last week. In a memo, Obama's transition team denied any improper contact with the Illinois governor. (Repor... |
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Big Madoff Investor Found Dead (24 December 09:49) |
| The co-founder of an investment advisory firm that lost $1.5 billion in the Madoff scandal was found dead in an apparent suicide in his Manhattan office. |
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Getting 'Unfriended' Online Stings (24 December 09:42) |
| Unfriending online "friends" is emerging as the latest offense in the world of social networking sites such as Facebook and MySpace. |
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A Small Bank Juggles Its Roles (24 December 09:30) |
| Community bankers across the country are making daily decisions that affect how the U.S. will make it through this recession and credit crunch. |
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Probe Eyes Audit Files, Role of Aide to Madoff (23 December 10:37) |
| Investigators are looking at a lieutenant at Madoff's firm and issued a subpoena to the accountant who audited the firm's statements. |
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Toyota Sees First Loss in 70 Years (23 December 10:29) |
| Toyota forecast its first annual operating loss since 1938, a dramatic indicator that the troubles roiling the auto industry extend beyond the U.S. and are taking a toll on even the stronges... |
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Derivatives Losses Spread Globally (23 December 09:35) |
| A vast superstructure of credit derivatives such as synthetic CDOs has spread the risk of lending to U.S. companies around the globe. |
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