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Behind Market Swings: Growing Recession Fears

Posted: 08/20/2011 - There are many factors churning up market volatility and contributing to a frightening stock market sell-off, but chief among them is growing fear of a new recession.

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Bank Of America Cutting At Least 3,500 Jobs

Posted: 08/19/2011 - Bank of America plans to cut at least is 3,500 jobs and possibly up to 10,000 in a major restructuring of one of the nation's largest banks, the Wall Street Journal reported.

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ECU Prof: Communication Skills Can Help Land A Job

Posted: 08/18/2011 - The unemployment rate in North Carolina remains above 10%. A professor in the School of Communication at East Carolina University shares her tips on improving communication skills to help you land a job.

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High Gas Prices Boost Online Sales

Posted: 08/18/2011 - As higher gasoline prices cut into cash-strapped American consumers' budgets, some have decided to take the money they save by not driving and shopping online.

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Obama Readying Plan To Boost Jobs, Cut Deficits

Posted: 08/18/2011 - The White House on Wednesday said President Barack Obama would unveil fresh ideas to jump-start the economy and cut deficits, but details offered so far appeared to be a compilation of old proposals.

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Justice Department Probes S&P Mortgage Ratings

Posted: 08/18/2011 - The Justice Department is investigating whether the nation’s largest credit ratings agency, Standard & Poor’s, improperly rated dozens of mortgage securities in the years leading up to the financial crisis, according to two people interviewed by the government and another briefed on such interviews.

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US Increasingly Shuns Home Ownership To Rent

Posted: 08/17/2011 - Builders starting on new apartments are busier than ever these days as demand for rentals climbs and the once-sacrosanct American dream of home ownership fades.

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Obama Sets Sights On Rural America To Talk Jobs

Posted: 08/14/2011 - President Barack Obama is headed to Midwestern states critical for his re-election after a summer of discontent over a protracted debt showdown with Republicans and the downgrade in the nation's credit rating.

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Reid Delays Senate Vote To Give Debt Negotiators More Time

Posted: 07/31/2011 - Senate Majority Leader Harry Reid announced Saturday night that he was delaying a vote on his deficit-cutting bill until 1 p.m. Sunday in order to give negotiators more time to reach an accord on raising the debt limit.

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Debt-Limit Deadlock After Senate Kills Boehner Bill

Posted: 07/30/2011 - Lawmakers who said they were determined to avoid an unprecedented government default remained at an impasse over the raising the nation's debt limit Saturday as prospects of economic chaos loomed.

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Bank Of America Hit With New Countrywide Lawsuit

Posted: 07/29/2011 - Bank of America Corp. is facing a new lawsuit filed by a group of shareholders of mortgage giant Countrywide Financial Corp., which the bank bought in 2008.

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Benefit Recipient? Disruptions May Be Coming

Posted: 07/29/2011 - If the day comes — whether next Tuesday or later — when the government reaches its legal borrowing limit, it will be forced to make a 40 percent cut in outlays.

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Wealth In America: Whites-Minorities Gap Is Now A Chasm

Updated: 07/27/2011 - As Congress and the White House wrestle whether to raise taxes for the wealthiest Americans, a new analysis of Census data shows that the wealth gaps between whites and blacks and Hispanics widened dramatically during the recession.

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Boehner Misses Cuts Target, Postpones Deficit Vote

Posted: 07/27/2011 - House GOP leaders have postponed a vote on a plan to trade more than $1 trillion in spending cuts for an increase in the government's borrowing cap that would be nearly as large.

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US Government Ends Chrysler Investment

Posted: 07/22/2011 - The Treasury Department said Thursday it has exited its investment in Chrysler LLC after Italian automaker Fiat SpA purchased the U.S. government's remaining holdings in the auto company.

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