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Reports: GM, Chrysler Bailout Deals Bar Strikes

Posted: 01/09/2009 - Newspaper reports say General Motors Corp. and Chrysler LLC would be in default of their multi-billion dollar federal bailouts if their workers go on strike and could be forced into bankruptcy.

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Stimulus Aside, Obama Vows Future Budget Restraint

Posted: 01/07/2009 - To a public wary of government spending, President-elect Barack Obama is offering a salve with his massive economic stimulus package: the promise of long-term fiscal discipline.

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Goodbye Goody's

Updated: 01/07/2009 - Goody's family clothing, which has ten stores in Eastern Carolina, will begin going-out-of-business sales as early as Friday.

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Madoff Scandal, SEC Role Under Scrutiny

Posted: 01/06/2009 - Two more months of mortgage payments and retiree Allan Goldstein says he'll be broke, just another victim in what may be the biggest Ponzi scheme in history.

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World Markets Extend Gains, Nikkei Up 0.4 Percent

Posted: 01/06/2009 - Asian stock markets were mostly higher Tuesday, shrugging off lackluster trade overnight in the U.S. and Europe amid growing optimism the world economy would start to recover later this year.

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Economic Crisis, Obama Response Face New Congress

Posted: 01/06/2009 - The Democratic-dominated Congress convenes Tuesday to confront perhaps the worst economic crisis since the Great Depression and to grapple with a hugely ambitious agenda set by President-elect Barack Obama.

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Toyota To Suspend Production For 11 Days In Japan

Posted: 01/06/2009 - Toyota is suspending production at all 12 of its Japan plants for 11 days over February and March, a stoppage of unprecedented scale for the nation's top automaker as it grapples with shrinking global demand.

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Obama Says His Plan With Tax Cuts To Get Quick OK

Posted: 01/06/2009 - President-elect Barack Obama plunged into rare pre-inaugural crisis talks with congressional leaders Monday, declaring the national economy was "bad and getting worse" and embracing tax cuts now expected to reach $300 billion.

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Fallout Begins After Dismal Holiday Season

Posted: 12/30/2008 - The fallout from the horrific holiday season for retailers has begun, with the operator of an online toy seller filing for bankruptcy protection and more stores expected to do the same — meaning more empty storefronts and fewer brands on store shelves.

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Amazon: 2008 Is Our Best Holiday Season Ever

Posted: 12/26/2008 - Online retailer Amazon.com Inc. called this holiday season its "best ever," saying Friday that it saw a 17 percent increase in orders on its busiest day.

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Official Says Calif. Could Be Broke In 2 Months

Posted: 12/23/2008 - California's chief financial officer warned Monday that the state would run out of money in about two months as hopes of a Christmas budget compromise melted into political finger-pointing by the end of the day.

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Credit Union Money

Posted: 12/22/2008 - Credit unions are looking at bridging the gap of auto financing that has dried up as banks have tightened credit.

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AP Study Finds $1.6B Went To Bailed-Out Bank Execs

Posted: 12/21/2008 - Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits in the calendar year 2007, an Associated Press analysis reveals.

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Biden To Oversee Efforts Aimed At Middle Class

Posted: 12/21/2008 - Vice President-elect Joe Biden will oversee a task force that will make recommendations on how to build the ranks of the middle class, that ambiguously defined segment of society in which most Americans identify themselves.

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Tentacles Of Madoff Scandal Reach Far And Wide

Posted: 12/21/2008 - In the nonprofit legal center Steven Schwartz runs from a converted furniture store in Northampton, Mass., the e-mail was very good news: By week's end, a check for $243,000 would be on its way.

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When Is A Holiday Not Really A Holiday?

Posted: 12/20/2008 - The 22 police officers who patrol a tiny Long Island, New York village will no longer receive holiday pay when they work on Gerald Ford Day, the National Day of Katrina Remembrance, Theodore Roosevelt's birthday, and Parents' Day.

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