Americans are making a little more money and spending a lot more.
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In November 1947, after five years of service, the Polish army discharged a soldier by the name of Wojtek at the rank of corporal. Wojtek’s record had its moments of distinction, including heroism under fire in the brutal battle against the Nazis at Monte Cassino, Italy.
The daredevils are winning big this year.
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Six more banks were closed by the FDIC on December 17th. Three banks in Georgia, one each in Minnesota, Florida and Arkansas.
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Drawn from giants like JPMorgan Chase, Goldman Sachs and Morgan Stanley, the bankers form a powerful committee that helps oversee trading in derivatives, instruments which, like insurance, are used to hedge risk.
Financial institutions, including some beneficiaries of federal bailout dollars, are actively creating new ways to profit from the financial distress of homeowners.
Every 34th wage earner in America in 2008 went all of 2009 without earning a single dollar, new data from the Social Security Administration show. Total wages, median wages, and average wages all declined, but at the very top, salaries grew more than fivefold.
U.S. incomes idown by the largest amount in 14 months in Sept.
Adversity Index shows national statistics mask wide range of jobless rates
Americans are glum, dispirited and angry. The middle class, in particular, feels under assault. In a Newsweek poll in September, 63% of Americans said they did not think they would be able to maintain their current standard of living.
The reason our financial system has routinely gotten into trouble, with periodic waves of depression like the one we're battling now, may be due to a flawed perception not just of the roles of banking and credit but of the nature of money itself.
Orders and sales at New York manufacturers decreased in August for the first time in more than a year and U.S. homebuilders turned more pessimistic, indicating the economic slowdown is becoming broad-based.
Barcode Hero is the perfect technology statement of our age. Never mind that the name itself echoes one of the hottest videogame franchises; this is a deft combination of iPhone app, Facebook feed and Foursquare-like "check-ins," wrapped around a hardened core of mercilessly conspicuous consumption. It's definitely awesome — but it's also probably evil.
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The delinquency rate on home equity loans is higher than all other types of consumer loans, including auto loans, boat loans, personal loans and even bank cards like Visa and MasterCard, according to the American Bankers Association.
'The "BP Regional Oil Spill Response Plan - Gulf of Mexico" dated June 30, 2009 covers all of the company's operations in the Gulf, not just the ill-fated Deepwater Horizon.
Sections of America's press are stressing that BP is a British company .
You see these pics? All but the last one were taken today, May 20, 2010. The last was taken roughly three months ago.
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Rather than snatch cars from an over-extended middle class, these guys take back yachts, planes and other toys from over-leveraged rich. And business is thriving, even as the economy begins to improve.
BUENA PARK, Calif. — Even as the American economy shows tentative signs of a rebound, the human toll of the recession continues to mount, with millions of Americans remaining out of work, out of savings and nearing the end of their unemployment benefits.
The former owner of a California food company was indicted Thursday in an alleged price-fixing plot that involved buyers for some of the nation's biggest food chains.
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When it comes to the placebo effect, it really may be mind over matter, a new analysis suggests.
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Call it the almost correction.
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"By now, you've more than likely seen one of the ads put out by the Corn Refiners Association. The ads tell the story of a "natural" sweetener made from corn.
As worries over Greece rattle world markets, records and interviews show that with Wall Street's help, the nation engaged in a decade-long effort to skirt European debt limits.
Patrick Lin is sure he can succeed where others have failed, and get the Chinese hooked on doughnuts.
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Americans are making a little more money and spending a lot more.
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