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Report boosts Democrats’ second U.S. stimulus bill

WASHINGTON (Reuters) – Congressional Democrats’ push for another U.S. stimulus package got a boost on Tuesday from an analysis that found their earlier effort had blunted the impact of the worst economic downturn in 80 years. See the article here: Report boosts Democrats’ second U.S. stimulus bill

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Army: 12 dead, 31 hurt in attack at Fort Hood (AP)

AP – An Army psychiatrist set to be shipped overseas opened fire at the Fort Hood Army post Thursday, authorities said, a rampage that killed 12 people and left 31 wounded in the worst mass shooting ever at a military base in the United States. Read the original here: Army: …

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Economy returns to growth after a year of declines

WASHINGTON (Reuters) – The U.S. economy grew in the third quarter for the first time in a year, beating market expectations, as consumer spending and new home-building rebounded, signaling the end of the worst recession in 70 years. Here is the original post: Economy returns to growth after a year …

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U.S. states suffer "unbelievable" revenue shortages

WASHINGTON (Reuters) – The U.S. economy may be creeping toward recovery after the worst slowdown since the Great Depression, but many states see no end in sight to their diving tax revenues Read the original here: U.S. states suffer “unbelievable” revenue shortages

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Regulators close banks in Colorado, Mich., Minn. (AP)

AP – Regulators have shut Warren Bank in Warren, Mich., and two small banks in Colorado and Minnesota, boosting the number of failed U.S. banks this year to 98 as loan defaults rise in the worst financial climate in decades. Read the original post: Regulators close banks in Colorado, Mich., Minn. …

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ECB’s Trichet warns on complacency as economy heals (Reuters)

Reuters – European Central Bank President Jean-Claude Trichet warned policy-makers from around the world on Saturday not to forget the lessons of the devastating financial crisis now that the worst has passed. View post: ECB’s Trichet warns on complacency as economy heals (Reuters)

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Retailers See Slowing Sales in Back-to-School Season

Halfway through the back-to-school shopping season, predictions of the worst performance for stores in more than a decade are yet another sign that consumers are clinging to every dollar. Visit link: Retailers See Slowing Sales in Back-to-School Season

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Credit Unions Dive Into The Student Loan Market [Student Loans]

Private loans are the worst type of student debt, but the best place to get them may be your local credit union. Like most credit union products, their loans are usually a better deal with more favorable terms than similar loans from bigger banks Link: Credit Unions Dive Into The Student …

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Lloyds loses as bad debts hit 13 billion pound

LONDON (Reuters) – Britain’s Lloyds Banking Group sank to a 4 billion pounds ($6.8 billion) loss in the first half, battered by a surge in bad debts from its HBOS business, but the bank told investors it was through the worst. View post: Lloyds loses as bad debts hit 13 billion …

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Credit card industry enters a new era

New rules aimed at reining in some of the worst abuses of the industry take effect between now and February. But rest assured that banks will seek new ways to shake down cardholders for cash. Read more: Credit card industry enters a new era

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