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Recession in America? 10 questions assessing the threat.
Concerns about weak economies in Europe have already rattled global financial markets, and things are hardly rosy at home. Is America heading into a recession? Here are answers to 10 questions about that risk.
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In Pictures: Westminster Kennel Club Dog Show 2012
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Gas prices skid 25 cents a gallon in past month – and may dip further
Gas prices have fallen to $3.72 since topping out at $3.98 a gallon in May. Plenty of supply and soft demand mean gas prices are likely to keep falling this summer – perhaps another 30 cents a gallon.
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Two years after end of Great Recession, how are we doing?
The Great Recession officially ended in June 2009. That's apparent on Wall Street, less so on Main Street. But the economic recovery is gradually being felt in places like Poughkeepsie, N.Y.
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Mississippi flooding drowns crops and casinos: What's the economic toll?
The economic toll of the Mississippi River flooding has yet to be calculated, as the crest pushes past Memphis towards New Orleans, but is expected to run in the billions.
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$5 gas: Is it around the corner for US drivers this summer?
$5 gas: With residents in nine states and D.C. already paying more than $4 for a gallon of regular gas, analysts ask if the national average will reach $5 a gallon this year.
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Johnson & Johnson to buy US-Swiss devicemaker?
Johnson & Johnson said to be in talks to acquire Synthes Inc., which manufactures surgical instruments. Johnson & Johnson could pay up to $20 billion.
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Food costs soaring in US after harsh winter. Will higher prices last?
Higher wholesale food prices contributed to a jump in the producer price index in February, the US reported Wednesday. Consumers are likely to see food prices rise at least 4 percent in 2011.
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How earnings for unionized public employees compare with private sector
In the fight for balanced budgets vs. benefits for public employees, what's fair and what's politics?
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State budget woes: How much will they drag down US economy?
Cutting employees, raising taxes, and delaying payments to vendors could slow economic recovery, experts say, but perhaps only slightly.
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In 2011, better economic outlook – for some
Pundits predict healthy growth in 2011 and fewer unemployed. But housing and state budgets may struggle.
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House Democrats say Obama caved on tax-cut deal. Are they wrong?
By one analysis of the deal on extending the Bush tax cuts, Obama got more than the Republicans did. The measures he sought cost three times more than those the GOP sought. But can that help him change the minds of Democrats on Capitol Hill?
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Black Friday 2010: Outlook for season rises from ‘ho-hum’ to ‘ho-ho!’
Retailers are opening their doors on Black Friday 2010 to shoppers who appear to be more enthusiastic. But many people are sticking closely to their shopping lists.
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Foreclosed homes: three potential fixes for the crisis
Towering mortgage debt continues to fuel the housing crisis. What policies could help reduce the number of foreclosed homes?
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Latest foreclosure crisis: Is that bank takeover legal?
Several large banks have halted efforts to foreclose on homes in 23 states. There's evidence that many foreclosures may have been processed with incomplete or improper paperwork.
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US adds 3.8 million more to ranks of the poor as poverty rate jumps
US poverty rate hit 14.3 percent last year, up from 13.2 percent in 2008. The jump bring the number of the poor to its highest level since 1959, five years before the Johnson-era War on Poverty.
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Does the US need more economic stimulus, or less?
The US barely generated any private sector jobs in May. Is the $787 billion economic stimulus not big enough, or is it not working at all?
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Retail sales down, economy still struggling to gain momentum
The consumer pause in May came after seven months of gains in retail sales. There's some concern about a 'double dip' recession, but most forecasters see the economy recovering at a slow pace.
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White House proposes tax credits for clean energy
Combining its push for clean energy and new jobs, the White House backs $5.4 billion in new tax credits intended to create tens of thousands of new manufacturing jobs.
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US economy: revised GDP numbers raise specter of a relapse
New GDP figures released Tuesday suggest that the US economy is growing more slowly than initially thought. Obama warns that loss of confidence could lead to a 'double-dip' recession.
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Black Friday sales: How deep will the discounts be this year?
Big discounts await shoppers during Black Friday sales the day after Thanksgiving. But later in the season, price cuts are unlikely to be as deep as they were last year.
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Does US need a second stimulus to create jobs?
With the economy still in rough shape, calls mount for extra infusions of federal money. But critics say the first stimulus hasn't created the jobs it was supposed to.
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Post-Depression first: Americans get more money from government than they give back
For the first time since the 1930s, households are paying less in personal taxes than state and federal governments are paying out through transfer programs like Social Security.
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Rise of the guerrilla drive-in
Mobile, open-air movie theaters pop up across the country.
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Are Biden's bold claims about the stimulus true?
The vice president said Thursday that the $787 billion recovery act helped save the US from a depression. He's partially right, experts say. But the rising federal deficit is worrying.
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Obama's China task: Fix imbalanced trade ties
The old model of Americans consumers buying up Chinese goods isn't working. Where the relationship goes from here could effect the pace of a global recovery.
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US economy's gloom expected to begin lifting by late '09
Until then, employment, output, and housing prices will keep falling.
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