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Now that the Big 3 Bailout failed in the Senate?

The Big 3 bailout will now head to the White House to see if President Bush will veto the Senate’s decison and pass the bailout bill for the automakers. I personally don’t think that the President...

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Canadian government offers $4 billion (CAD) to auto makers

The Canadian federal, as well as Ontario, government will be providing $4 billion Canadian dollars ($3.29 billion U.S. dollars) to the Canadian subsidiaries of the Detroit Three automakers. “The...

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After Christmas sales

As retailers are crying over the poor sales before the Christmas holiday, today was something to look forward to. Today I went to the local Wal-Mart to see how after Christmas sales were going and the...

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Woolworths going out of business

Woolworths, a British retail institution, is closing its doors for good. The retail chain has been in business for 99 years. Yesterday 200 of its stores closed and the remaining 600 are expected to...

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Is the recession causing a downturn in illegal immigration?

When most illegal immigrants came to the United States, they were looking for work, and contractors and other people looking for cheap labor were more than willing to give it to them. However, now...

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Illinois governor impeached by state House

Rod Blagojevich has made the political system seem like a joke in the last few weeks. In just over a month, he has been charged of a serious crime involving selling a senate seat in the United States...

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Foreclosures increased 81% last year, up from 2007

The housing market in the United States has seen better days and some of the worst were seen last year. Foreclosures increased 81% last year, up from the 2007 figures. From the AP: Nationwide, more...

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President elect Obama’s speech today from the Lincoln Memorial

Today on the steps of the Lincoln Memorial in front of thousands President elect Obama gave a speech to the waiting crowd, here’s the transcript: “I want to thank all the speakers and performers for...

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Fiat to take over Chrysler?

Fiat, an Italian car company, may be on the road to taking over ailing Chrysler. Right now the two are in talks, but Fiat (the stronger company at this point) will likely take a 35% stake in Chrysler...

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Circuity City’s Liquidation deals aren’t great, they aren’t even good…Are...

Circuit City is going out of business, all the stores owned in the United States are liquidating. That used to mean that good deals could be found around the store…it used to anyway. Now it means that...

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Full text of President Obama’s inaugural speech

Just after noon eastern time, Barack Obama became the 44th President of the United States. He gave an inaugural speech that told Americans to be hopeful but hard times are still ahead. Here is the text...

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USPS may cut delivery to 5 days a week

After being $2.8 billion in the hole for 2008, the United States Postal Service is looking at ways to cut costs for 2009. One way the agency has come up with is to cut delivery from 6 days a week to 5....

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What are the unemployed doing with their time?

When I’m unemployed and looking for a job, the last thing I want to do is just sit around the house all day. So, I’m wondering, with the new job data coming out saying how many jobs our country has...

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Yahoo to announce major revamping next week?

Rumors around the internet are saying that Yahoo will see some management reorganization this week and Wednesday is the day. Problems have been following Yahoo since the failed buyout from Microsoft,...

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Obama sets a date for troop withdrawl

When we voted for a Democrat this is the day we hoped for: A set date for troops to be withdrawn from Iraq. Iraq has proven to be a public relations nightmare for the United States, now President Obama...

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Tough times get tougher for Toyota, and maybe Honda and Mazda too

Toyota has been long known for its efficiency and quality in car making, but the global economy is hurting the company too. In February Toyota reported a 40% drop in car sales in the United States...

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Starbucks lists the next 200 stores to close

In January, Starbucks announced 200 store closings in the United States and have been deciding which stores would be logistically best to close since. The list of closings announced today can be seen...

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Swine flu claims its first U.S. citizen

The first person in the United States to die due to the swine flu was a Mexican toddler who was being held at a Houston, Texas hospital. Now, the first United States citizen has died as a direct result...

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The Pitch – Do you think Obama’s speech in the Muslim world will help or hurt?

Do you think that President Obama’s speech in the Muslim world will help or hurt the United States and its relations with that part of the world? Question: President Obama gave a speech while...

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The Pitch – Would you start your own business if you couldn’t find work?

Would you start your own business if you couldn’t find work? Question: If you are one of the millions of unemployed people in the United States (or anywhere else in the world) would you try to start...

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Foreclosures in the US equal to 1 in 350

For the sixth month in a row, foreclosures in the United States topped the 300,000 mark. Last month a total of 358,471 homes were put into foreclosure by either getting a default notice or by being...

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The chairman of Wells Fargo will resign

The chairman of Wells Fargo agreed last year to help the company through the financial crisis, now Dick Kovacevich will be stepping down from the job as he sees that the financial crisis is over, I...

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AIG will likely not be able to pay back all their loans

AIG “borrowed” $182 billion from the United States government from the bailout program. On Monday September 21st, a watchdog group sent out a warning to the American public that AIG would likely never...

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The number of credit card defaults increased by over 11% in August

A report from Bloomberg said that defaults of credit cards in the United States rose by 11.49% in August. The number is up from the 10.52% it increased from the month of July. The percentage reflects...

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Comparison Shopping

Being anywhere in the world outside the United States does not mean that you have to go without comparison shopping. There are sites for those in Australia that not only can you, as a shopper, compare...

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Who has their hand in Robert Fisk’s pocket?

Earlier this week there were reports coming out that Arab oil sheiks, the Russians, and the Chinese were all conspiring to stop using the United States dollar to set the value of a barrel of oil. Of...

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The Job Market is Quite Tough.

There are millions out of work right now and there are fewer and fewer jobs available for those who are looking or work. Data that was released by the government on Friday showed that the recession is...

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The Pitch – Are you worried by the drop in average home price?

Does the average cost of a house worry you at all? Question: The average price for a home in the United States dropped once again. Does this worry you at all? Answer: As a homeowner, yes. I used to...

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Shock and Scam advertising may disgust you, but it works unfortunately

There are advertisements that are meant to warm your heart, to inform you, deceive you, and most of all get you to buy something you may not have otherwise bought. However, there are also shock...

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Wealth Distribution Around the World

This map basically means that the lighter color, the more equally the wealth in the country is distributed. You can tell where the most people suffer due to the darker shades of green seen throughout...

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