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Hiring Uptick Not Enough To Ease Recession Fears

Posted: 10/08/2011 - Five years into the worst downturn since the Great Depression of Lewis' era, the latest economic data offer little solace to the 14 million Americans who can't find work.

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Day 5 For Bank Of America Website Problems

Posted: 10/04/2011 - Bank of America's consumer online banking service was slow for a fifth day Tuesday, and the bank still wasn't saying what the problem was.

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Layoffs To Hit Kinston

Updated: 10/03/2011 - MasterBrand will start laying off workers at their plant in Kinston this week.

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Senate Votes Down House Disaster Aid Bill

Posted: 09/24/2011 - The Senate voted Friday to reject House-passed legislation to extend disaster aid and government funding, setting up an impasse that could threaten a government shutdown.

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Investors Fear Governments Can't Stop New Recession

Posted: 09/24/2011 - Global stock markets fell in lockstep this week because investors all share a common fear: The world is slipping back into recession and governments around the world are powerless to stop it.

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Recession's Second Act Would Be Worse Than The First

Posted: 09/23/2011 - Fresh evidence of a global economic slowdown has raised fears that governments around the world may be powerless to reverse it. If the world does fall into back into recession, it could be much harder to escape than the contraction that ended in 2009.

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Want To Go To College, Kid? Check The Home Value

Posted: 09/21/2011 - When home values go up, so does the likelihood those households will send their kids to college. That surprising result of new research may not bode well for kids now reaching college age, several years into a deep real estate slump.

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Obama Tax Plan To Demand More Of Millionaires

Updated: 09/18/2011 - President Obama on Monday will call for a new minimum tax rate for individuals making more than $1 million a year to ensure that they pay at least the same percentage of their earnings as middle-income taxpayers, according to administration officials.

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For USPS To Survive, It Needs To Act Like A Business

Posted: 09/17/2011 - No CEO of a struggling business would propose a turnaround that hinged on degrading the service of its flagship product, but that's essentially what the U.S. Postal Service is doing with its cost-cutting proposals.

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12,000 Tax Cheats Come Clean Under IRS Program

Posted: 09/16/2011 - About 12,000 tax cheats have come clean under a program that offered reduced penalties and no jail time to people who voluntarily disclosed assets they were hiding overseas, the Internal Revenue Service announced Thursday.

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New Unemployment Claims Jump

Posted: 09/15/2011 - The number of people applying for unemployment benefits last week jumped to the highest level in three months, a sign that layoffs could be increasing.

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Bank Of America Considering Huge Job Cuts

Posted: 09/10/2011 - Bank of America is considering cutting at least 10 percent of its work force as part of a massive restructuring, according to published reports.

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Scores Charged In $295 Million Rash Of Medicare Fraud Schemes

Posted: 09/08/2011 - Ninety-one suspects, including doctors and nurses, have been charged in connection with a new rash of healthcare fraud schemes aimed at bilking the government out of about $295 million, U.S. authorities said Wednesday.

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US And Big Banks Play A Game Of Chicken Over Mortgages

Posted: 09/03/2011 - When the U.S. filed suit against Swiss bank UBS in July for allegedly misrepresenting the soundness of mortgage-backed securities bought by mortgage giants Fannie Mae and Freddie Mac, analysts speculated it was just the opening act in what promised to be a drawn-out courtroom drama.

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Battle Over Disaster Aid Brewing In Congress

Posted: 08/31/2011 - A political battle between the tea party-driven House and the Democratic-controlled Senate is threatening to slow money to the government's main disaster aid account, which is so low that new rebuilding projects have been put on hold to help victims of Hurricane Irene and future disasters.

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