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submitted by MikeK 59 weeks 6 days 15 hours 1 minute ago
Foreclosure filings across the U.S. nearly doubled last month compared with September 2006, as financially strapped homeowners already behind on mortgage payments defaulted on their loans or came closer to losing their homes to foreclosure, a real estate information company said Thursday.
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submitted by Robby for team staff news 8 weeks 6 days 2 hours 45 minutes ago
A man looms in the doorway of Ocean Avenue Books, lugging a big cardboard box stuffed with books he wants to sell to Diane Goodman, owner of the used bookstore. From her perch behind her book-strewn counter, the 48-year-old Goodman figures her store provides...
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submitted by Robby for team staff news 1 day 23 hours 45 minutes ago
Diversity within the group of men -- and still only men -- who have been president of the United States will change significantly when Barack Obama is sworn in next month. But when he looks across the highest level of civil servants managing the government,...(more)
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submitted by Robby for team staff news 9 weeks 1 day 45 minutes ago
Mortgage finance giants Fannie Mae and Freddie Mac have dismantled their powerful lobbying corps, removing two dozen people who made up one of Washington's most formidable advocacy teams. The departures came after the government announced that all lobbying by the companies would end while they...(more)
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submitted by Robby for team staff news 5 weeks 6 days 15 hours 45 minutes ago
Former Federal Reserve Chairman Alan Greenspan says the current financial crisis is a "once-in-a-century credit tsunami" which will have a severe impact on the U.S. economy, driving unemployment higher.
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submitted by AB 9 weeks 2 days 18 hours 3 minutes ago
Citigroup has agreed to buy Wachovia’s banking operations for $1 a share, a move that that would concentrate power within the nation’s banking industry in the hands of a few giant lenders.
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submitted by Robby for team staff news 4 weeks 6 days 16 hours 44 minutes ago
TOKYO, Oct. 30 -- Prime Minister Taro Aso moved Thursday to shelter Japanese taxpayers from global financial turmoil -- and to put off a national election that polls suggest could toss him and his ruling party out of power. Aso, who has been in office...(more)
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submitted by Robby for team staff news 22 hours 45 minutes ago
Treasury Secretary Henry M. Paulson Jr. will urge China to maintain a strong currency during high-level talks this week as worries grow in the United States that Beijing may be exacerbating the global slowdown by deflating the value of the yuan to spur its own...(more)
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submitted by Robby for team staff news 1 day 22 hours 45 minutes ago
Asian stocks dropped on Tuesday, following the global trend amid worries about deepening worldwide recession.
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submitted by Robby for team staff news 7 weeks 4 days 2 hours 45 minutes ago
Joann Gaskins panicked. After absorbing a steady drumbeat of bad news about bank runs, bank collapses and bankruptcies, she arrived at a Manassas branch of faltering Wachovia Bank minutes before it opened Sept. 17, demanded her savings in cash and walked out the door. For...(more)
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submitted by Robby for team staff news 10 weeks 2 days 2 hours 45 minutes ago
The federal government's dramatic reshaping of Wall Street has thrown the hedge-fund world into turmoil, threatening the viability of some of these massive investment pools that have become increasingly critical for pension funds and endowments and a source of financing for a wide range of...(more)
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submitted by Robby for team staff news 6 weeks 3 days 12 hours 45 minutes ago
Big government is staging a comeback. When Ronald Reagan entered the White House in 1981, he famously declared, "Government is not the solution to our problem; government is the problem." Since then, conservative small-government ideas built on a foundation...
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