economy
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Shorter hours, lower wages, rising prices
According to an index maintained by the Labor Department, the hours worked by those on U.S. payrolls had dropped significantly…
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Skyrocketing fuel prices spark trucker protests
Oil prices reached a record $114 dollars a barrel on April 15. The national average price per gallon of regular…
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Stamping out hunger?
You do not need a degree in economics to know that the U.S. economy is in deep crisis. Nearly all…
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Senate rescues lenders, developers while homeowners sink
The U.S. Senate’s recent "Foreclosure Prevention Act" will benefit developers and lenders while leaving homeowners at risk of foreclosure out…
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The demise of Bear Stearns
The big fish eat the little fish; the sharks then eat the big fish. This is more or less the…
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California to slash billions from public schools
The housing crisis has triggered an economic downturn throughout the nation, affecting all sectors of the economy. Predictably, the biggest…
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Layoffs reach high-paid financial sector workers
Since August 2007, the New York City financial industry has laid off 20,000 employees. With growing uncertainty in all sectors…
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Rupert Murdoch’s daughter buys media corporation
Elisabeth Murdoch, daughter of media mogul Rupert Murdoch, recently acquired a prominent U.S. based media corporation, Reveille, largely with earnings…
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Government budget cuts spread through country
Read, listen, or watch local news almost anywhere in the country and you are likely to hear news about budget…
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Fed boosts effort to save big banks, lenders
What is the cause of the growing turmoil in the housing and financial sectors of the economy, and what is…
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