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U.S. Economy: Payrolls Fall, Unemployment Rate Climbs (Shobana Chandra)
June 6 (Bloomberg) -- The U.S. lost jobs for a fifth month and the unemployment rate rose by the most in more than two decades, as an influx of students into the workforce drove the biggest jump in ...
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MBIA, Ambac, $1 Trillion of Debt, Lose S&P AAA Rating (Christine Richard)
June 5 (Bloomberg) -- MBIA Inc. and Ambac Financial Group Inc., the world's largest bond insurers, had their AAA financial strength rankings cut by Standard & Poor's, taking with them the ratings on ...
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Americans $1.7 Trillion Poorer (Tami Luhby)
Americans' net worth falls for the second straight quarter as home and stock prices decline, but it may not hurt consumer spending, experts say.
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Homes in Foreclosure Top 1 Million (Chris Isadore)
Mortgage bankers report hits grim a benchmark in first quarter, showing a record number of homes in jeopardy.
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The Lovely Parting Gift (Mary Lyon)
Mary Lyon, From The Left -- (World News Trust) -- I woke up one morning feeling like I'd awakened in a different country. Sort of. Barack Obama's passing the numerical finish line was still not ...
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Subprime Debacle may Spark 2-Year Credit Recession (Walden Siew)
NEW YORK (Reuters) - A credit recession sparked by the U.S. housing market downturn and excesses in structured finance may last more than two years, and the financial sector will undergo massive ...
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Student Loans Start to Bypass 2-Year Colleges (Jonathan D. Glater)
Some of the nation’s biggest banks have closed their doors to students at community colleges, for-profit universities and other less competitive institutions, even as they continue to extend ...
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Payrolls Probably Fell for Fifth Month: U.S. Economy Preview (Shobana Chandra)
June 1 (Bloomberg) -- The U.S. lost jobs for a fifth month in May and manufacturing contracted, signaling the economy is stagnating, economists said before reports this week.
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A Destroying Wind (David Neiwert)
Thus says Yahweh: Behold, I will raise up against Babylon and against them that dwell in the midst of them that rise up against me, a destroying wind... -- Jeremiah 51:1, quoted in notes ...
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CFTC Probes Possible Manipulation in Cotton Market, People Say (Alan Bjerga, Matthew Leising)
May 31 (Bloomberg) -- The U.S. Commodity Futures Trading Commission is investigating potential market manipulation of cotton futures after prices surged and then abruptly plunged in March, two ...
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